

CHILLY OCEAN TEMPS! Although our weather has warmed up significantly, ocean water temperatures move much more slowly and remain cold. Surf temperatures off our beaches are currently around 37 degrees. Last week’s rapid warm up caused low lying fog in the back bays, as relatively warm air hovered over cold water in the bay. Stone Harbor’s annual “Shiver Polar Plunge” is just over a month away—perhaps surf temperatures will climb a bit by then!
MORTGAGE RATES…BELOW AVERAGE: Despite mortgage rate increases over the past couple of years, they’re still below their historical average according to a chart by Freddie Mac and provided by Wells Fargo. Since the typical mortgage is held for far less than 30 years, some buyers opt for hybrid loan with even rates fixed for the initial three, five, or seven years of the loan’s life, planning to either pay off the loan in that time frame, refinance, or sell the property. As the chart above indicates, rates fluctuate; don’t let mortgage rates keep you from achieving your goals. Let’s talk and find a way to make them happen!
BROWSE OUR SEASHORE RENTALS! Check out some of our featured rental properties in Avalon and Stone Harbor! Review photos, descriptions, plus rates & availability. You can also plug in your own specifications—dates, price ranges, etc.—and create your own customized list of options that match your criteria. If you haven’t booked your vacation yet, take a look! https://newsletter.lfvacations.com/campaigns/reports/viewCampaign.aspx?d=d&c=0AA7E0FE35A2CDC6&ID=C48901AAC1F8D33F2540EF23F30FEDED&temp=False&tx=0
REFERRALS, ANYONE? If you need real estate services outside my market area, please let me know. Chances are I know a professional in that area who can provide you with the high level of service you deserve. With years of experience in the industry, I’ve met and worked with skilled professionals all over, and I’d like to formally refer you to one that you’ll be happy with!
TALK TO YOUR LANDSCAPER about mulch at your shore property. New NJ fire code regulations prevent combustible (wood) mulch within 18 inches of a rental property, and local municipalities must enforce those regulations.
GO BIRDS! The whole region is cheering for one last win for the Philadelphia Eagles!
UPCOMING EVENTS:
- Take Your Child to the Library Day. Fun, crafts, and a free book for children 12 & under. Avalon Free Public Library, Saturday, February 1st, 10am to 4pm.
- Winter Wonderland & Ice Skating: Synthetic ice-skating rink, fire pits & heaters, food & cocktails, and music. Icona Avalon, Fridays 5pm to 8pm, Saturdays 12pm to 8pm, Sundays 12pm to 6pm, through February 2nd.
- Cape May Seashore Lines Valentine’s Express. Ride aboard a vintage train with your sweetheart! CMSL Tuckahoe Station and Richland Station, Friday, February 7th & Saturday, February 8th. For tickets and info visit www.seashorelines.org/home
- Friend in Need Super Bash XXII. The 22nd Anniversary of the Super Bowl fundraiser that supports those in need in Cape May County. The Princeton Bar & Grill, Sunday, February 9th, 4pm.
- Organizing Your Digital Photographs. 39th Street Tennis Building, Thursday, February 13th, 6pm.
- Atlantic City Boat Show. Dozens of boats, boat dealers, vendors, displays, and seminars. Atlantic City Convention Center, February 26th to March 2nd. For tickets and info visit www.ACBoatShow.com
- Shop-A-Holics. Deep discounts at participating stores. Thursday—Saturday, March 6th to 8th.
- Stone Harbor Shiver Polar Plunge. March 15th, 11am-3pm. More details soon.
- Roller Skating at Cape May Convention Hall. Roller skating with available rentals. Cape May Convention Hall, Fridays 4-6pm and 6:30-8:30pm; Saturdays & Sundays 1-3pm and 4-6pm, through March 16th.
New Listings:
304 78th Street, East, Avalon, $1,875,000, ACTIVE MLS#: 250292
247 109th Street, Stone Harbor, $1,995,000, ACTIVE MLS#: 250263
1745 First Avenue, Avalon, $2,495,000, ACTIVE MLS#: 250217
302 84th Street, South, Stone Harbor, $2,495,000, ACTIVE MLS#: 250256
276 103rd Street, Stone Harbor, $4,295,000, ACTIVE MLS#: 250265
153 76th Street, Avalon, $5,195,000, ACTIVE MLS#: 250288
11605 Paradise Drive, Stone Harbor, $12,495,000, ACTIVE MLS#: 250259
Under Contract:
265 102nd Street, B (front), Stone Harbor, $849,900, UNDER CONTRACT MLS#: 250209
700 Ocean Drive, B5, Avalon, $1,299,925, UNDER CONTRACT MLS#: 243468
1116 Stone Harbor Boulevard, 204, Stone Harbor Manor, $1,785,000, UNDER CONTRACT MLS#: 242978
34 W 13th Street, Avalon, $2,999,999, UNDER CONTRACT MLS#: 242635
2308 Ocean Drive, Avalon, $3,450,000, UNDER CONTRACT MLS#: 250192
190 76th Street, Avalon, $5,200,000, UNDER CONTRACT MLS#: 243459
150 64th Street, Avalon, $9,750,000, UNDER CONTRACT MLS#: 250146
Properties Sold:
2828 Avalon Avenue, C-5, Avalon, $850,000, SOLD MLS#: 243185
255 81st Street, 2, Stone Harbor, $1,315,000, SOLD MLS#: 242668
243 110th Street, Stone Harbor, $2,849,000, SOLD MLS#: 243298
2059 First Avenue, Avalon, $4,495,000, SOLD MLS#: 243117