MARKET STATS: 13 properties sold in January 2023, down from last year, while the median sale price was up 14% over last year. Despite an increase in the number of active listings to 105, which is up from last year, there are still fewer listings on the market now than there were in the late summer and early fall of 2022. For a detailed look at the market, see the latest Long & Foster Market Minute report: https://marketminute.longandfoster.com/Market-Minute/NJ/Avalon-Stone-Harbor.pdf
OFFSHORE WIND POWER remains in the news as the NJ Board of Public Utilities ruled in favor of a petition from Ocean Wind, LLC for the right to route transmission cables beneath Ocean City beaches and streets, in order to connect with the power grid at Beesley’s Point in Upper Township. That ruling came two days after NJ Governor Phil Murphy announced a plan to require that 100% of vehicles sold in NJ to be zero-emission by 2035. Local concerns include the loss of local input and control on public decisions, as well as the lack of sufficient electrical infrastructure for charging of electric vehicles. The Cape May County Herald recently reported that 455 EVs were registered in Cape May County as of last May, up from only 200 in 2018. But Cape May County’s population swells in the summertime, raising questions about the ability to charge large numbers of EVs during those months.
MEANWHILE, 30 MAYORS signed a letter calling for a moratorium on offshore wind work while the recent spate of whale deaths are sufficiently investigated. While necropsies have reported no direct link between offshore work and the whale deaths, many remain unconvinced. Congressman Jeff Van Drew, who has proposed legislation pausing offshore work until whale deaths are fully investigated, announced that he will hold a hearing in South Jersey March 16th to determine the best course of action moving forward.
STONE HARBOR’S NEW REQUIREMENTS for trash and recycling containers will go into effect May 1st. New containers, from 32-gallons to 96-gallons, must be of the type to fit “lifters” on automated trash trucks, and can be purchased at local stores such as Ace, Home Depot, and Lowes. For details and FAQs see this link: https://stoneharbornj.org/wp-content/uploads/2023/02/required-trash-containers.pdf
UPCOMING EVENTS:
- Birding on the Barrier Islands, Stone Harbor Point Parking lot, Saturday, February 25th, 1pm. Register in advance at https://njaudubon.org/event/birding-on-the-barrier-islands/
- Atlantic City Boat Show, March 1-5. www.acboatshow.com
- Shop-A-Holics Weekend, Seven Mile Beach Shopping Districts, Thursday-Sunday, March 9-12.
- Pre-Shiver Party at Yacht Club of Stone Harbor, Friday, March 17th, 6pm.
- Kegs & Eggs, Fred’s Tavern, 96th Street, Saturday, March 18th, 9am.
- Stone Harbor Shiver Polar Plunge, 95th Street beach, Saturday, March 18th, 11:30am. Registration for Pre-Shiver Party, Polar Plunge and Kegs & Eggs: https://www.active.com/stone-harbor-nj/water-sports/swimming/stone-harbor-shiver-polar-plunge-2023?int=72-3-A1
- Easter Bunny Express, Cape May Seashore Lines, April 1st, 2nd, & 8th. www.SeashoreLines.org
- Stone Harbor Job Fair, at participating businesses, Saturday, April 15th, 10am to 4pm. Stone Harbor job listings: https://stoneharborchamber.com/help-wanted
- Spring Ice Cream Express, Cape May Seashore Lines, Saturday, April 15th. www.SeashoreLines.org
Weekly Events:
- Thursdays at Surfside, weekly concerts at Surfside Park, Avalon, Thursdays, 7pm, beginning June 29th.
New Listings:
8001 Second Avenue, 416, Stone Harbor, $850,000, ACTIVE MLS#: 230420
570 21st Street, 1st Floor, Avalon, $1,140,000, ACTIVE MLS#: 230375
243 80th Street, 243, Avalon, $1,529,000, ACTIVE MLS#: 230418
9705 Second Avenue, 9705, Stone Harbor, $1,800,000, ACTIVE MLS#: 230408
403 7th Street, Avalon, $2,595,000, ACTIVE MLS#: 230421
249 35th Street, East Side, Avalon, $3,095,000, ACTIVE MLS#: 230390
565 7th Street, Avalon, $4,500,000, ACTIVE MLS#: 230414
501 42nd Street, Avalon, $9,500,000, ACTIVE MLS#: 230366
Properties Under Contract:
7800 Dune Drive, 209, Avalon, $364,900, UNDER CONTRACT MLS#: 223595
39 Stone Court, Stone Harbor, $825,000, UNDER CONTRACT MLS#: 222545
40 N Inlet Drive, Avalon, $2,249,000, UNDER CONTRACT MLS#: 230040
301 84th Street, Stone Harbor, $2,485,000, UNDER CONTRACT MLS#: 230004
264 41st Street, Avalon, $2,700,000, UNDER CONTRACT MLS#: 221868
251 35th Street, West Side, Avalon, $3,195,000, UNDER CONTRACT MLS#: 222055
89 E 27th Street, Avalon, $6,995,000, UNDER CONTRACT MLS#: 222900
Properties Sold:
237 26th Street, East Side, Avalon, $2,600,000, SOLD MLS#: 221700
1539 Dune Drive, Avalon, $3,950,000, SOLD MLS#: 220996
127 108th Street, Stone Harbor, $4,150,000, SOLD MLS#: 223435
