Holly Rennie
 
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You know we're getting close to the season when the clocks spring forward! Spring is on its way with warmer weather and longer daylight hours. The first signs of spring are the flowers and leaves budding, birds are chattering and butterflies are migrating. You know it's spring the first time you can drive with your car window down ... oh what a feeling!

 

Only 72 days until Memorial Day Weekend season kickoff.

Shamrocks

Here's hoping you find a four-leaf clover!



Avalon Beach Tag  Stone Harbor Beach Tag

Seasonal Beach Tags
Avalon has beach tags on sale pre-season prices though Mary 10th. Stop by or mail to the Avalon Tax Collector's office in Borough Hall. Click here for more info.

Stone Harbor has seasonal beach tags and free Veteran beach tags for purchase and pick up at the beach tag office, 95th St and the Beach. Pre-season prices are available until May 31st. Click here for more info.

Seven Mile Island Lab Kickoff
The U.S. Army Corps of Engineers in partnership with the State of New Jersey and the Wetlands Institute announce the launch of the Seven Mile Island Living Laboratory. This project will benefit the island by improving dredging and marsh restoration and much more. The lab will provide innovative research, knowledge sharing and practical application. The marshes provide a vital habitat for wildlife and protection of the barrier island communities. The living lab will provide a forum to advance technical knowledge as well as develop innovative tools and technology to support the environment.

The laboratory extends between the inlet boundaries of Seven Mile Island, and includes existing and historic dredged material placement sites, confined disposal facilities, federal and state channels including the New Jersey Intracoastal Waterway, extensive tidal marshes, a mixture of sandy and muddy sediments and, most important, a rich historic dataset to build upon. The Living Lab activities and working group meetings kick off next month. Source: Cape May County Herald

Avlon Jitney Fairs
Avalon Borough Council introduced an ordinance to change the fare per person per trip to $3 for the 2019 season. This ordinance eliminates higher fees for late night passengers. The jitney service will run Thursdays through Sundays. Between the 4th of July through Labor Day, the jitney service will be available daily.

Market Trend Update for February
Spring begins next week! The anticipated improvement in weather and the changing of the clocks will continue to fuel an already active selling market. Our "spring" selling season has taken off!

Sales are ahead for the second month of the year by 13% with Avalon continuing to dominate the market with a 79% market share and a 57% increase in homes place under contract. Single homes in Avalon had the greatest increase with 80% more homes placed under agreement than a year ago. Avalon condo sales are slightly off (by 1 sale) while sales of townhomes are ahead 400% - all it takes is inventory! Stone Harbor has not enjoyed the same pace with a 42% decrease in overall sales for the month.

The Ferguson Dechert sales team participated in the three highest sales for the month - $5.8 MM for an Avalon Bayfront and $3.75 MM on Avalon' s beach block (list price) and $4.25 MM for an Avalon oceanfront. Avalon's beach block came alive in February with five sales where inventory is plentiful - especially in the south end of town. Last year, February 2018, Ferguson Dechert sold the highest sale of the year- $10,500,000 for a double oceanfront lot.

For the month of February 2019, the Ferguson Dechert team sold more Seven Mile Island homes than the combined sales of the next four agencies for a 40% market share. In Avalon, the team has a 43% market share.

Inventory has begun to grow - slowly and in limited numbers and property styles. The result is increased sales as evidenced by the activity in Avalon. Four townhomes list for sale- four townhomes sell - and sell within days of listing.

Of the 145 single homes for sale island wide, 30 are priced between $1.2 - $2.0 million; 21 of these homes in Avalon. Homes priced from $2.0 -$3.0 MM are 46 in number; 28 of these homes are in Avalon. 23 homes priced in the $3.0 - $4.0 MM range are in Avalon with 10 in Stone Harbor. The balance of 35 homes are priced from $4.0 - $8.9; 9 in Stone Harbor and 26 in Avalon. Inventory levels tell the story of the disparity in sales between the two communities.

Beach block homes number 34 island wide with a range of price from $1.8 to $7,950 million, while Bayfront homes number 23 ranging in price from $1.950 to $7.5 million. Oceanfront homes number 15 priced from $3,750 - $8,999 MM.

Sales to date in the $1.0 - $2.0 million range are 38% of the sales to date while only 21% of our inventory is in this price range, a 3.75 month's supply. Sales to date in the $2.0 - $3.0 million range are 17% of the total while 32% of our inventory sits in this price range, a 5.4 month's supply. Home sales priced $3.0 - $4.0 million are 12% of the total sales today while the inventory level sits at 23% of total homes for sale, a 6.6 month's supply on hand.

Accurately pricing your home for sale is critical. If the last similar home sold for $1.5 million your list price is not $1.6 in the next month. The market does not appreciate $100,000 in one month. Some sellers are becoming blinded by the growth of the market, over pricing occurs and the home sits. The home seller who applies the current market trend to their list price sees a faster sale and at times multiple offers can drive the price over asking.

Preparing the home for sale will result in a faster sale. The use of home stagers can make the difference between a sale and a home sitting. While staging may not obtain a higher price, staging will help to get the home sold if done properly. A fresh paint palette, some fresh d├ęcor and editing/purging can make all the difference in the way your home is received by prospective buyers.

I am looking forward to another amazing and productive year. We are off to a fantastic start. If I can assist in any way please give me a call or email. Have a wonderful spring. Hope to see you this summer, if not before.

THIS MONTH'S MARKET TRENDS


Only 72 Days until Memorial Day Weekend!
Call to make your plans to come to Seven Mile Island!
Call us today 609-967-0289.

 
Looking Back From The Beach
"My life is like a stroll on the beach as near the ocean's edge as I can go"
-- Henry David Thoreau
 
Featured Listing
 
4810 5th Avenue, Avalon, NJ 08202
4810 Fifth Avenue, Avalon, NJ 08202
 
 
Featured Vacation Rentals
 
4111 4th Avenue, Avalon, NJ 08202
4111 4th Avenue Unit-A, Avalon, NJ 08202
 
243 22nd Street, Avalon, NJ 082
243 22nd Street, Avalon, NJ 08202
 
5 E 14th Street, Avalon, NJ 08202
56 East 14th Street, Avalon, NJ 08202
 
New Listings
4502 Fifth , Avalon, New Jersey, 08202   5878 Ocean , Avalon, New Jersey, 08202
181 65th , Avalon, New Jersey, 08202   92 E 23rd Street , Avalon, New Jersey, 08202
75 W 37th , Avalon, New Jersey, 08202   75 W 37th , Avalon, New Jersey, 08202
6519 Dune , Avalon, New Jersey, 08202   10415 Golden Gate Drive ,Stone Harbor, New Jersey, 08247
76 W 33rd Street , Avalon, New Jersey, 08202   4656 Dune Drive , Avalon, New Jersey, 08202
65 E 15th Street , Avalon, New Jersey, 08202   26 E 11th , Avalon, New Jersey, 08202
Sold Properties
 
 
6019 Ocean Drive, $1,330,000, SOLD
MLS# 180846
  226 108th Street, $2,446,000, SOLD
MLS#: 182725
 
283 100th Street, $2,250,000, SOLD
MLS#: 183058
  311 42ndsup> Street, $1,450,000, SOLD
MLS#: 184740
 
129 18th Street, SOLD IN-HOUSE
MLS#: 185127
  151 21st Street, $2,575,000, SOLD IN-HOUSE
MLS#: 184255
 
246 28st Street, $975,000, SOLD
MLS#: 184351
  455 21st Street, $1,180,000, SOLD IN-HOUSE
MLS#: 183383
 
3588 Ocean Drive, $1,405,000, SOLD
MLS#: 181241
  148 21st Street, $1,455,000, SOLD
MLS#: 180793
 
1248 Avalon Avenue, $1,525,000, SOLD
MLS#: 184020
  136 16th Street, $1,595,000, SOLD
MLS#: 181580
 
Upcoming Events
 
  • March 15th - Zumba Gold, Stone Harbor Recreation, 11 am - 12 pm
  • March 15th - Mahjong & Cards, Stone Harbor Recreation, 12:30 pm - 3:30 pm
  • March 16th - Stone Harbor Shiiver Polar Plunge, Fred's Tavern, 10 am - 3 pm
  • March 16th - Kids Activity: Winter Sowing, Avalon Free Public Library, 10 am - 11:30 am
  • March 16th - Creative Writing, Avalon Free Public Library, 10 am - 12 pm
  • March 16th - Drop In Tech Workshop, Avalon Free Public Library, 1 pm - 2:30 pm
  • March 18th - Knitting, Avalon Free Public Library, 3:30 - 4:30 pm
  • March 18th - Self Defense, Avalon Free Public Library, 5 pm - 6 pm
  • March 18th - Art House Film Night - Faces Places, Avalon Free Public Library, 5:45 - 7:15 pm
  • March 19th - Story Time, Avalon Free Public Library, 10 am - 10:45 am
  • March 19th - Low Sit Cardio for Seniors, Stone Harbor Rec Center , 11 am - 12 pm
  • March 20th - Troubleshooting iPad, Avalon Free Public Library, 10 - 11 am
  • March 20th - Job and Career Acceleartion, Avalon Free Public Library, 1 - 2 pm
  • March 20th - Romance Book Club, Avalon Free Public Library, 6 - 7:30 pm
  • March 20th - Senior Fun Day, American Legion, 1 pm
  • March 21st - Story Time, Avalon Free Public Library, 10 am - 10:45 am
  • March 21st - Tea Time, Avalon History Center, 11 am
  • March 21st - Low Sit Cardio for Seniors, Stone Harbor Rec Center , 11 am - 12 pm
  • March 22nd - Zumba Gold, Stone Harbor Recreation, 11 am - 12 pm
  • March 22nd - Mahjong & Cards, Stone Harbor Recreation, 12:30 pm - 3:30 pm
  • March 23rd - NJ Makers Day, Avalon Free Public Library 10 am - 4 pm
  • March 23rd - Genealogy, Avalon Free Public Library, 10 am - 12 pm
  • March 23rd - Therapy Gardening, Avalon Free Public Library 1 - 3 pm
  • March 25th - Knitting, Avalon Free Public Library, 3:30 - 4:30 pm
  • March 25th - Self Defense, Avalon Free Public Library, 5 pm - 6 pm
  • March 25th - Scrabble, Avalon Free Public Library, 5:45 pm - 7:45 pm
  • March 25th - Drop In Tech Workshop, Avalon Free Public Library, 6 pm - 7:30 pm
  • March 26th - Story Time, Avalon Free Public Library, 10 am - 10:45 am
  • March 26th - Low Sit Cardio for Seniors, Stone Harbor Rec Center , 11 am - 12 pm
  • March 27th - Newspapers, Avalon Free Public Library, 10 am - 11 am
  • March 27th - Senior Fun Day, American Legion, 1 pm
  • March 28th - Story Time, Avalon Free Public Library, 10 am - 10:45 am
  • March 28th - Award Season Film: The Favourite, Avalon Free Public Library, 6 pm - 8 pm
  • March 28th - Mystery Book Club, Avalon Free Public Library, 6 pm - 7:30 pm
  • March 28th - Low Sit Cardio for Seniors, Stone Harbor Rec Center , 11 am - 12 pm
  • March 29th - Art - Make Your Own Fascinator, Avalon Free Public Library, 11 am - 12 pm
  • March 29th - Zumba Gold, Stone Harbor Recreation, 11 am - 12 pm
  • March 29th - Mahjong & Cards, Stone Harbor Recreation, 12:30 pm - 3:30 pm
  • April 1st - Matinee - Won't You Be My Neighbor, Avalon Free Public Library, 1 pm - 2:30 pm
  • April 1st - Knitting, Avalon Free Public Library, 3:30 - 4:30 pm
  • April 1st - Board Game Club, Avalon Free Public Library, 5:45 pm - 7:45 pm
  • April 2nd - Story Time, Avalon Free Public Library, 10 am - 10:45 am
  • April 2nd - Crypto currency Lecture, Avalon Free Public Library, 10 am - 11 am
  • April 2nd - Low Sit Cardio for Seniors, Stone Harbor Rec Center , 11 am - 12 pm
  • April 3rd - Photoshop Demo, Avalon Free Public Library, 4 pm - 5 pm
  • April 3rd - Social Media Lecture, Avalon Free Public Library, 5 pm - 6 pm
  • April 3rd - History book Club, Avalon Free Public Library, 6 pm - 7:30 pm
  • April 4th - Story Time, Avalon Free Public Library, 10 am - 10:45 am
  • April 4th - Creative Writing, Avalon Free Public Library, 4 pm - 6 pm
  • April 4th - Low Sit Cardio for Seniors, Stone Harbor Rec Center , 11 am - 12 pm
  • April 5th - Zumba Gold, Stone Harbor Recreation, 11 am - 12 pm
  • April 5th - Mahjong & Cards, Stone Harbor Recreation, 12:30 pm - 3:30 pm
  • April 6th - The Underground Railroad in Cape May , Avalon Free Public Library, 1 pm - 2 pm
  • April 8th - Knitting, Avalon Free Public Library, 3:30 - 4:30 pm
  • April 8th - Scrabble, Avalon Free Public Library, 5:45 pm - 7:45 pm
  • April 8th - Drop In Tech Workshop, Avalon Free Public Library, 6 pm - 7:30 pm
  • April 9th - Story Time, Avalon Free Public Library, 10 am - 10:45 am
  • April 9th - Film: If Beale Street Could Talk, Avalon Free Public Library, 6 pm - 8 pm
  • April 9th - Low Sit Cardio for Seniors, Stone Harbor Rec Center , 11 am - 12 pm
  • April 10th - Senior Fun Day, American Legion, 1 pm
  • April 10th - Drop In Tech Workshop, Avalon Free Public Library, 10 am - 11:30 am
  • April 10th - Baking with Chef Linda Schwartz, Avalon Free Public Library, 10 am - 11 am
  • April 10th - Italian Culture, Avalon Free Public Library, 3:30 pm - 4:30 pm
  • April 10th - Book Club, Avalon Free Public Library, 6 pm - 7:30 pm
  • April 11th - Story Time, Avalon Free Public Library, 10 am - 10:45 am
  • April 11th - Film: If Beale Street Could Talk, Avalon Free Public Library, 6 pm - 8 pm
  • April 11th - Low Sit Cardio for Seniors, Stone Harbor Rec Center , 11 am - 12 pm
  • April 12th - Zumba Gold, Stone Harbor Recreation, 11 am - 12 pm
  • April 12th - Mahjong & Cards, Stone Harbor Recreation, 12:30 pm - 3:30 pm
  • April 12th - Genealogy - Heritage Quest, Avalon Free Public Library, 1 pm - 3 pm
  • April 13th - Afternoon Tea, Avalon Free Public Library, 1 pm - 3 pm
  • April 13th - Stone Harbor Chamber of Commerce Job Fair, Coffee Talk, 10 am - 2 pm
  • April 13th - Easter Egg Hunt, Stone Harbor Firehouse, 12 pm - 2 pm
  • April 15th - Knitting, Avalon Free Public Library, 3:30 - 4:30 pm
 
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