Holly Rennie
 
Open House Link
 


"The supreme quality for leadership is unquestionably integrity. Without it no real success is possible no matter whether it is - on a football field, in an army or in an office."
— Dwight D. Eisenhower

"Congratulations and a heartfelt thank you to my team and the support of my clients, family and friends who have helped make me successful through the years. I have been recognized for achieving the 2017 Platinum Level Award Circle of Excellence Award® from the NJ Realtors®. I am grateful for this recognition of our hard work and dedication.

Holly and her team

Super Bash IV
Fly Eagles Fly for a great cause. The Princeton held its 15th Anniversary for the charity Friend in Need. For Locals. By Locals. The event was super sweet as our E-A-G-L-E-S played in the LII Super Bowl and of course you know the World Champion Philadelphia Eagles played their hearts out.

Super Bash IV

Ocean Drive is Getting a Makeover
The schedule has been posted for the resurfacing of Ocean Drive between 62nd Street to 29th Street. The new road surface plus additional drainage will be split into two phases, the first phase (62nd to 46th Street) to begin at the end of this month. The second phase (29th to 46th Street) to begin the end of April.

Sonar Study Planned for the Eighth Street Jetty
FEMA has accepted Avalon's Borough Engineer, Thomas Thornton's explanation that last year's winter storm was responsible for damage to the jetty. Break out the sonar study. Coastal Research Center of Stockton University will do a side-scan sonar study of the underwater portions of the jetty so engineers can see the damage below the water line. (Cape May County Herald)

39th Street Construction
Work will be done from Dune Drive to 1st Avenue on the sewer main project and the repaving of the street with help in funded by a local aid grant.

Stone Harbor Property Revaluation
The new assessment ordered by the Cape May County Board of Taxation is complete as of February 22nd for the entire borough. Vital Communications is handling all inquiries regarding the new assessments.

Avalon and Stone Harbor Real Estate - Interest in Seven Mile Island continues to grow on the part of the summer vacationer/tenants, developer/investor and end user/home owner. The news of the attraction of our island's quiet laid back life style enhanced by exceptional beaches and exciting bay activities for families of all ages has reached well beyond the Philadelphia and Delaware Valley neighborhoods. Just check out the license plates next summer.

The continued growth in buyer demand has depleted the available inventory at record speed. Our levels have been running well below the "healthy market" levels of 6 months or more. Lack of inventory plagues all market segments as our vacation rental inventory is off by approximately 1/3; mirroring that our available homes for sale also consistently off by 30%±, depending on the market segment.  

Closed sales by category for 2017 ran as follows:

PROPERTY CATEGORY ISLAND + AVALON + STONE HARBOR +

Single homes +6% +9% +1%
Townhomes -1.4% +5%; -27%
Condo +25% +56% -5.9%
Lots +63% +75% +50%

Inventory deficiencies in key market categories impacted an otherwise exceptional trend as we moved through the year. Townhomes, specifically bay oriented townhomes; single family homes priced under $2.0 million and Bayfront single family are our key opportunity market segments. Fill these with salable inventory and watch the unit sales explode.

Property values continue to grow surpassing those of 5 years ago. Avalon condos have seen a 25% increase in value. Townhomes on the bay 33%+ while non bay +17%.

Single home values have increased 38% for non-water accessible homes while beach block homes, fed by sales of newer construction homes, have seen the largest increase in value of 43%. The bay has seen a slight average price decrease in value due to the numbers of "teardown" homes being sold. In general the developer/investor has driven the values of single homes and lots consistently up.

The Ferguson Dechert sales team continues to dominate the market selling 58% more single homes than our closest competitor; selling more homes than the combined sales of the next three agencies. Our market knowledge and powerful marketing programs, strength in negotiating on behalf of our clients and ensuring the closing occurs, the combined strength of a team of top performers is the recipe that makes our team the only team to consider when selling or buying on Seven Mile Island.


THIS MONTH'S MARKET TRENDS

Call us today 609-967-0289 to make your plans to come to Seven Mile Island!
 
Relax on Beach
"Keep smiling, because life is a beautiful thing and there's so much to smile about."
-- Marilyn Monroe
 
Featured Listing
 
141 65th Street, Avalon, NJ 08202
141 65th Street, Avalon, NJ 08202
 
 
Featured Vacation Rental
 
303 39th Street, Avalon, NJ 08202
303 39th Street, Avalon, NJ 08202
 
New Listings
 
141 65th Street, Avalon, NJ 08202   5678 Ocean Drive, Avalon, NJ 08202
 
95 East 11th Street, Avalon, NJ 08202   315 60th, Avalon, NJ 08202
9201 First Avenue, Stone Harbor, NJ 08247  
9201 First Avenue, Stone Harbor, NJ 08247   19 South Pelican Drive, Avalon, NJ 08202
 
507 42nd Street, Avalon, NJ 08202   10546 Corinthian, Stone Harbor, NJ 08247
 
238 64th Street, Avalon, NJ 08202   84 East 23rd Street, Avalon, NJ 08202
 
226 108th Street, Stone Harbor, NJ 08247   535 42nd Street, Avalon, NJ 08202
 
Sold Properties
 
 
151 21th Street, $2,215,000, SOLD IN-HOUSE
MLS# 174456
  8523 Sunset Drive, $2,125,000, SOLD
MLS#: 172146
 
35 East 23rd Street, $1,950,000, SOLD
MLS#: 178640
  197 77th Street, $1,900,000, SOLD
MLS#: 177307
 
128 15th Street, $1,627,000, SOLD
MLS#: 178983
  3106 Ocean Drive, $1,350,000, SOLD
MLS#: 179111
 
250 54th Street, $1,285,000, SOLD IN-HOUSE
MLS#: 176474
  4268 Dune Drive, $1,285,000, SOLD IN-HOUSE
MLS#: 178525
 
357 21st Street, $999,999, SOLD IN-HOUSE
MLS#: 176137
  276 85th Street, $925,000, SOLD
MLS#: 176189
 
491 21st Street, $860,000, SOLD
MLS#: 177700
  929 Dune Driver, $800,000, SOLD
MLS#: 147872
 
Upcoming Events
 
  • February 15th - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • February 15th - Stone Harbor Mayors Wellness Campaign Week 3 Lecture 5:30 - 6:30 pm, Stone Harbor Recreation Center.
  • February 15th - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • February 20th - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • February 21st - Stone Harbor Senior Fun Day! Bridge & Card Games, American Legion Post 1- 3 pm
  • February 22nd - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • February 22nd - Stone Harbor Mayors Wellness Campaign Week 4 Lecture 5:30 - 6:30 pm, Stone Harbor Recreation Center.
  • February 26th - Walk with the Stone Harbor Mayor Monday's, 9-9:30 am
  • February 27th - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • February 28th - Stone Harbor Senior Fun Day! Bridge & Card Games, American Legion Post 1- 3 pm.
  • March 1st - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • March 1st - Stone Harbor Mayors Wellness Campaign Week 5 Lecture 5:30 - 6:30 pm, Stone Harbor Recreation Center.
  • March 5th - Walk with the Stone Harbor Mayor Monday's, 9-9:30 am.
  • March 6th - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • March 8th - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • March 8th - Stone Harbor Mayors Wellness Campaign Week 6 Lecture 5:30 - 6:30 pm, Stone Harbor Recreation Center.
  • March 8th - March 10th - Shop-A-Holics Weekend, The Princeton & The Whitebrier
  • March 12th - Walk with the Stone Harbor Mayor Monday's, 9-9:30 am
  • March 13th - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • March 14th - Stone Harbor Senior Fun Day! Bridge & Card Games, American Legion Post 1 - 3 pm
  • March 15th - Story Time, stories, songs and crafts for children of all ages, Avalon Free Public Library, 10 am.
  • March 15th - Stone Harbor Mayors Wellness Campaign Week 7 Lecture 5:30 - 6:30 pm, Stone Harbor Recreation Center.
  • March 16th - Stone Harbor Pre-Shiiiver Party, Yacht Club of Stone Harbor, 6 pm.
  • March 16th - Stone Harbor Shiiiver, 96th Street Beach, 9:30 registration, 11:45 am Parade to the Plunge, Post-Shiiiver festivities at Fred's Tavern.
 
Holly Rennie
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