Check out Long & Foster’s Market Minute report for the latest market stats. Or, give me a call, and we can discuss how the current market conditions apply to your personal situation!
MARKET STATS: The number of properties sold during February 2024 decreased from a year ago, as did the median sale price. However, the number of active listings has remained even, and the average “days on market” decreased. For a detailed look at the market check out the latest Long & Foster Market Minute report: https://marketminute.
DO YOU NEED AN “OVERFLOW” PROPERTY? There are situations where a second shore property makes sense. Here are two scenarios: 1) During much of the summer your current property is suitable, but when the rest of the family visits for an extended period of time, you need more room. Or, 2) You rent out your current shore property most of the summer, but it’s larger than you need when you occupy it for your week of summer vacation, and you lose the rental income you would have otherwise earned during that time. In each of those cases a second smaller, easy-to-maintain property could help, by providing a nearby place for family members to stay during their visit and generating rental income for you during the other summer weeks, or by providing a place for you to stay during your vacation time while you continue to rent your main property. Want to discuss the idea? Call or email me!
THE GARDEN STATE PARKWAY rest stop in Cape May County will be renamed after actor Bruce Willis. Willis, who grew up in Penns Grove, Salem County, began acting in high school and is known for his TV role in Moonlighting, followed by movie roles in the Die Hard series, Pulp Fiction, The Six Sense, and many others. Willis joins other famous New Jerseyans whose names now adorn Garden State Parkway rest stops, including Jon Bon Jovi, Frank Sinatra, James Gandolfini, Connie Chung, and many others.
HAPPY SPRING! As the vernal equinox passes, we inch a little closer to the warm weather we’re waiting for. Meanwhile, there are already numerous signs of spring around the island. Here are just two: the Miss Avalon is back in her slip, and Avalon Hardware reopens on Friday!
UPCOMING EVENTS:
- Avalon Garden Club Plant Sale, orders accepted until March 24th. Access the order form here: https://avalonboro.net/wp-
content/uploads/2024/03/2024- Avalon-Garden-Club-Plant-Sale- Order-Form.pdf - Easter Bunny Express, Cape May Seashore Lines, Saturday, March 23; Sunday, March 24; Saturday, March 30. https://www.seashorelines.org/
Passenger/Easter - Easter EGGStravaganZoo, a week of Easter-related activities at Cape May County Zoo. Friday, March 29th to Sunday, April 7th.
- Harbor Hop Family Run & Walk, Stone Harbor. 5K run, 1 Mile run, 1 Mile walk. Saturday, March 30th, 9am. To register visit RunSignUp.com/HarborHop
- Easter Egg Scramble, Avalon Recreation Fields. Ages 1-4, 8th Street Playground; Ages 5-6, 10th Street Field; Ages 7-10, 12th Street Field. Saturday, March 30th, 10am sharp.
- Easter Brunch, The Reeds at Shelter Haven, Sunday, March 31st, 10am-3pm. Reservations required: 609-368-0100.
- Stone Harbor Job Fair, Saturday, April 6th. Visit participating businesses to apply in person.
- Clean Ocean Action Spring Beach Sweep, Saturday, April 13th.
- Avalon Spring Dune Grass Planting, Saturday, April 20th.
- Arbor Day Celebration, 48th Street & Dune Drive, Tuesday, April 26th, 10:30am.
- Spring into Summer Event & Sidewalk Sale, Stone Harbor, Saturday, May 4th.\
- Avalon Garden Club Plant & Bake Sale, 39th Street Greenhouse, May 4th & 5th.
New Listings:
7929 Dune Drive, 304, Avalon, $659,000, ACTIVE MLS#: 240723
8001 Second Avenue, 309, Stone Harbor, $679,900, ACTIVE MLS#: 240785
9807 Second Avenue, 3, Stone Harbor, $799,000, ACTIVE MLS#: 240771
3011 Dune Drive, 6, Avalon, $1,395,000, ACTIVE MLS#: 240786
153 24th Street, Avalon, $3,690,000, ACTIVE MLS#: 240790
153 76th Street, Avalon, $5,995,000, ACTIVE MLS#: 240770
Properties Under Contract:
244 103rd Street, Stone Harbor, $2,895,000, UNDER CONTRACT MLS#: 232834
55 E 26th Street, Avalon, $4,525,000, UNDER CONTRACT MLS#: 233154
Properties Sold:
7800 Dune Drive, 204, Avalon, $395,000, SOLD MLS#: 240428
2709 Dune Drive, Avalon, $950,000, SOLD MLS#: 231048
8201 3rd Avenue, 22, Stone Harbor, $1,100,000, SOLD MLS#: 232929
325 99th Street, Stone Harbor, $2,000,000, SOLD MLS#: 233128
146 22nd Street, Avalon, $2,400,000, SOLD MLS#: 240331
448 104th Street, Stone Harbor, $7,700,000, SOLD MLS#: 230728
4607 5th Avenue, Avalon, $10,100,000, SOLD MLS#: 240336
