September’s Weather Brings Activity To The Shore

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on October 13, 2013 by Ryan Vince

SALES

Still seeing strong activity in the higher end and lower end’s of the market.  Over $2M and under $900K seem to be the bulk of our transactions.  The total sales for September were 30 with 18 properties going under contract in Avalon and 12 in Stone Harbor.  This month’s number is in line with last year’s 32 under contracts.  Weather has been really great this past month and has definitely helped bring people down to the shore. It is typical for activity to slow down as we approach the Holidays.   This time frame has always been an opportunity for Buyer’s to buy without other competing offers.

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A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.

INVENTORY has ticked up a bit from last month ( 398 to 410 today).  We had some new inventory added which is not unusual for this time of year as Seller’s often list after the season.  There were 465 properties on the market this time last year, and 570 during the same time in 2011!  This continues to strengthen selling prices especially in the lower end of the market.

Looking to Move Up? Call or Email me to discuss your Home’s Value

Properties on the market are ready to be shown and interest rates have crept down of late.  Please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

If you are thinking of SELLING please contact me at 609.602.0025 to assess the current value of your home. If you are thinking of BUYING and have a specific price range in mind, please contact me to see what’s available and a list of the better buys currently on the market.

RENTALS

Please email me or call to reserve your Fall vacation.  Properties in all price ranges are available from now through the end of October.  Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me at Ryan@RyanVince.com for a full list of possible rentals.

Other Quick Links

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

*BeachBlock Sales-Avalon

*BeachBlock Sales-Stone Harbor

*BayFront Sales-Avalon

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales  *StoneHarbor NJ Short Sales

*Market Statistics     *Charities

*Contact Me

 

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Ryan Vince

Broker of Record

Tim Kerr’s Power Play Realty

2821 Dune Drive

Avalon, NJ 08202

www.RyanVince.com

Ryan@RyanVince.com

 

August Posts Highest Sale Numbers Of The Year!

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on September 14, 2013 by Ryan Vince
SALES

Total sales for August were 40 with 24 properties going under contract in Avalon and 16 in Stone Harbor.  This is a little better than last years numbers with a total of 37 sales, (23 in Avalon; 14 in Stone Harbor) and up from last month’s 31.   This is the strongest month we’ve had in quite some time.  It’s a very encouraging sign to see our busiest month tourist wise convert to our busiest month sale wise.   Interest rates have steadied ataround  4.5%.  The slight change in interest rates may have spurred some business in that Buyer’s didn’t want to miss out on borrowing at the lowest rates in decades.

 

 

UPDATED NEW FEMA FLOOD MAPS

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A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.

 

INVENTORY is unchanged from last month ( 395 to 398 today).  We had some new inventory added which is not unusual for this time of year as Seller’s often list after the season.  There were 472 properties on the market this time last year, and 589 during the same time in 2011!  This continues to strengthen selling prices especially in the lower end of the market  (under $1.5 for single family and under $850,000 for town homes/condos) where the inventory is severely depleted from 2 years ago.

 

Looking to Move Up?  

Call or Email me to discuss your Home’s Value

Properties on the market are ready to be shown and interest rates crept down on Friday.  Please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

 

If you are thinking of SELLING please contact me at 609.602.0025 to assess the current value of your home. If you are thinking of BUYING and have a specific price range in mind, please contact me to see what’s available and a list of the better buys currently on the market.

 

RENTALS

Please email me or call to reserve your Fall vacation.  Properties in all price ranges are available from now through the end of October.  Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me at Ryan@RyanVince.comfor a full list of possible rentals.

Other Quick Links

 

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

 

*BeachBlock Sales-Avalon

 

*BeachBlock Sales-Stone Harbor 

 

*BayFront Sales-Avalon

 

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales  *StoneHarbor NJ Short Sales

*Market Statistics     *Charities

*Contact Me

 

July Continues Strong Summer Sales

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on August 14, 2013 by Ryan Vince
SALES

Total sales for July were 31 with 20 properties going under contract in Avalon and 11 in Stone Harbor.  This is in line with last years numbers with a total of 30 sales, (18 in Avalon; 12 in Stone Harbor).  This is one of our strongest months of the year and we can continue to count on this busy “in season” period to produce a real increase in sale activity.  Interest rates have crept up, but seem to be steadying just over 4.5%.    The information we are getting from our Lenders is that the rate change we saw last month translated to an increase in mortgage applications.

 

We are expecting the new FEMA Flood Maps to be issued next week and to be public by August 19th.  When maps come out, municipalities will have until November 29th to work with FEMA to correct any additional areas that they think are improperly zoned.  This should provide some clarity for buyer’s and seller’s as it pertains to development and new construction particularly on the bay.  I will report updated maps when they are released.

 

Check out linked article below regarding Avalon’s Beaches and Storm Preparedness:  “Avalon is also the only coastal community in New Jersey with a triple-A bond rating from Standard & Poor’s.”

 

Avalon, N.J., and Dutch Visitors Share Coastal-Protection Ideas

 

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A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.

 

INVENTORY is up slightly from last month at 385 to 395 today. There were 487 properties on the market this time last year, and 585 during the same time in 2011!  This continues to strengthen selling prices especially in the lower end of the market  (under $1.5 for single family and under $850,000 for town homes/condos) where the inventory is severely depleted from 2 years ago.

 

Looking to Move Up?  

Call or Email me to discuss your Home’s Value

Properties on the market are ready to be shown and interest rates crept down on Friday.  Please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

 

If you are thinking of SELLING please contact me at 609.602.0025 to assess the current value of your home. If you are thinking of BUYING and have a specific price range in mind, please contact me to see what’s available and a list of the better buys currently on the market.

 

RENTALS

Please email me or call to reserve your last minute summer vacation.  Properties in all price ranges are available from now to the end of September.  Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me atRyan@RyanVince.com for a full list of possible rentals.

Other Quick Links

 

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

 

*BeachBlock Sales-Avalon

 

*BeachBlock Sales-Stone Harbor 

 

*BayFront Sales-Avalon

 

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales  *StoneHarbor NJ Short Sales

*Market Statistics     *Charities

*Contact Me

 

 

June Sales Surge

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on July 19, 2013 by Ryan Vince

SALES

Total sales for June were 33 with 17 properties going under contract in Avalon and 16 in Stone Harbor.  This far surpasses last years numbers with a total of 18 sales, (14 in Avalon; 4 in Stone Harbor).  High volume of sale activity continues to show strength in our market and overall sales may have increased due to an uptick in the interest rates. (up almost a whole % point from last month)  The information we are getting from our Lenders is that the rate change we saw last month translated to an increase in mortgage applications.  This months sale activity is a good sign for our market and is expected to continue throughout the summer months and into the fall.

Search Homes For Sale Now

A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.

 

INVENTORY is flat from last month at 382 to 385 today. There were 485 properties on the market this time last year! This is good news and shows continued improvement in our market.

 

Looking to Move Up?  

Call or Email me to discuss your Home’s Value

Properties on the market are ready to be shown and interest rates crept down on Friday.  Please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

 

If you are thinking of SELLING please contact me at 609.602.0025 to assess the current value of your home. If you are thinking of BUYING and have a specific price range in mind, please contact me to see what’s available and a list of the better buys currently on the market.

 

RENTALS

Even though our availability has steadily decreased over the last month there are still plenty of good options left. Please email me or call to reserve your weekly choice for your summer vacation.  Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me at Ryan@RyanVince.com for a full list of possible rentals.

 

Other Quick Links

 

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

 

*BeachBlock Sales-Avalon

 

*BeachBlock Sales-Stone Harbor 

 

*BayFront Sales-Avalon

 

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales  *StoneHarbor NJ Short Sales

*Market Statistics     *Charities

*Contact Me

APRIL SALES COME MARCHING BACK

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on May 11, 2013 by Ryan Vince

SALES

After last month’s dip in sale numbers, April proved to be the strongest month in years with 44 properties going under contract, (26) in Avalon and (18) in Stone Harbor.  This is up from 33 during the same period a year ago.  The buying trend continues to be mostly in the $1,500,000 and under price range.  This lower end of the sale market has expanded from under $1,000,000 2 years ago to under $1,500,000 today, indicating that the inventory continues to be depleted and causing increases in prices due to supply and demand.  It continues to be a great time to invest at the shore, with taking advantage of extremely low interest rates and a very strong rental income.  Email or call me to discuss properties in your price range. The weather is improving every day and businesses are opening for the season so take a drive down to see what’s available on the market.

Search Homes For Sale Now

A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.

 

INVENTORY is down from last month at 410 to 384 today.  There were 502 properties on the market this time last year!  This is good news and shows continued improvement in our market..

 

Looking to Move Up?  

Call or Email me to discuss your Home’s Value

Properties on the market are ready to be shown and interest rates bumped back down on Friday.  Please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

 

If you are thinking of SELLING please contact me at 609.602.0025 to assess the current value of your home. If you are thinking of BUYING and have a specific price range in mind, please contact me to see what’s available and a list of the better buys currently on the market.

 

RENTALS

NEW inventory with both weekly and seasonal properties being added to our supply.  In addition, there will be another few hit the market next week due to closings later this week.  Even though our availability has steadily decreased over the last month there are still plenty of good options left. Please email me or call to reserve your weekly choice for your summer vacation.  Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me at Ryan@RyanVince.com for a full list of possible rentals.

 

Other Quick Links

 

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

 

*BeachBlock Sales-Avalon

 

*BeachBlock Sales-Stone Harbor 

 

*BayFront Sales-Avalon

 

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales  *StoneHarbor NJ Short Sales

*Market Statistics     *Charities

*Contact Me

March Madness Sees Dip In Activity

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on April 7, 2013 by Ryan Vince

SALES

OLYMPUS DIGITAL CAMERAMarch’s activity showed 22 properties going under contract, (15) in Avalon and (7) in Stone Harbor.  This is a good number, but it is the first time in many months that sales dropped from what they were during the same period a year ago.  There was a total of 32 properties that went under contract last year during the month of March.  Weather may have played a part in this number and if so we should see April’s numbers spike.  There are some aggressive buys on the market right now.  Email or call me to discuss properties in your price range. The weather is finally starting to warm up, so it is a great time to start focusing on the shore.

Search Homes For Sale Now

A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.

Inventory has edged up from last month to 410.  There were 504 properties on the market this time last year.  This is a 20% decrease in total inventory in 1 years time.  Continued good news for an improving market.

Looking to Move Up?  

Call or Email me to discuss your Home’s Value

Properties on the market are ready to be shown and interest rates bumped back down on Friday.  Please call to set up an appointmentto search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

If you are thinking of SELLING please contact me at 609.602.0025 to assess the current value of your home. If you are thinking of BUYING and have a specific price range in mind, please contact me to see what’s available and a list of the better buys currently on the market.

87RENTALS

We have received some new properties for rent this past month, even though our availability has steadily decreased over the last month there are still plenty of good options left. Please email me or call to reserve your weekly choice for your summer vacation.  Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me at Ryan@RyanVince.comfor a full list of possible rentals.

Other Quick Links

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

*BeachBlock Sales-Avalon

*BeachBlock Sales-Stone Harbor 

*BayFront Sales-Avalon

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales  *StoneHarbor NJ Short Sales

*Market Statistics     *Charities

*Contact Me

 

February Sales Continue Consistent Trend

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on March 7, 2013 by Ryan Vince

SALES

February sales showed another improvement over the previous year with 23 properties going under contract, (17) in Avalon and (6) in Stone Harbor.  There was a total of 17 last year. This continues a consistent upward trend of sales since the end of 2011, through 2012, and into 2013. The sale activity in the past 18 months has shown consistent growth in our market, created by lower inventory levels and basic supply and demand.  We see every indication that this will continue through out the year. Below are some examples of the changing market we are now in (No Improvements Made to Any of the Homes):

700 Ocean Drive, Unit C-6

Sold – 3/15/2012 – $570,000

Sold – 10/12/2012 – $600,000

158 28th Street 

Sold – 3/28/2012 – $795,000

Sold – 12/28/2012 – $860,000

46 E 17th Street 

Sold – 5/4/2012 – $1,400,000

Sold – 11/15/2012 – $1,672,000

ad    Search Homes On The MLS Now

Looking to Move Up?  

Call or Email me to discuss your home’s Value

Inventory is the same as last month at 398.  There were 597 properties on the market this time last year.  This is a 30% decrease in total inventory in 1 years time.  This is good news for an improving market.

Properties on the market are ready to be shown and interest rate remain quite low.  Please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

If you are thinking of SELLING please contact me 609.602.0025 to assess the current value of your home. If you are thinking of BUYING and have a specific price range in mind, please contact me to see what’s available and a list of the better buys currently on the market. 

 

A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.

 sunset

RENTALS

Our availability has steadily decreased over the last month. Please email me or call to reserve your weekly choice for your summer vacation.  Options are decreasing by the week.  Please check out my website as I have added a few new properties available immediately.  Start your searches now onwww.RyanVince.com or call me direct at 609.602.0025.  You can also email me at Ryan@RyanVince.com for a full list of possible rentals.

 

Other Quick Links

 

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

 

*BeachBlock Sales-Avalon

 

*BeachBlock Sales-Stone Harbor 

 

*BayFront Sales-Avalon

 

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales  *StoneHarbor NJ Short Sales

*Market Statistics     *Charities

*Contact Me

 

JANUARY KICK STARTS THE YEAR

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on February 18, 2013 by Ryan Vince

JANUARY KICK STARTS THE YEAR

SALES

January sales showed another improvement over the previous year with 17 properties going under contract in Avalon and 8 in Stone Harbor for a total of 25.  There was a total of 19 last year. This is a strong start to the 2013 season.

Search Homes On The MLS Now

Inventory is up slightly from last month from 390 to 398.  There were 520 properties on the market this time last year.  This still remains good news for a Seller in that the competition is thin and not such good news for a Buyer in that there is simply not much to choose from in each price range.  We expect more inventory to be added to the market after the new year and into the spring, but the fall added less than expected and so far this year, not much has changed.

New FEMA Regulations:

There has been a lot of discussion about the updated FEMA Regulations of late and because Governor Christie issued an executive order to use the revised FEMA elevations (even before these new recommendations are made final), each municipality will be bound by these requirements until further notice.  I have included a link below where you can type in your property address to see any possible zoning changes.       

Click Here To View Revised FEMA Regulations

If there are any questions, please feel free to email me and I will do my best to answer them.

Properties on the market are ready to be shown and interest rate remain quite low.  Please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

If you are thinking of SELLING please contact me 609.602.0025 to assess the current value of your home. If you are thinking of buying and have a specific price range in mind, please contact me to see what’s available and the better buys currently on the market.

 

*Avalon Beach Fill Is Complete (LOOKS GREAT)

(8th Street Jetty to 25th Street)

 

12th Street Southward
13th Street Northward

 

 

 

 

 

*Stone Harbor’s Beach Fill Is To Start 2nd Week Of April 

(92nd Street to 114th Street and 119th to Terminal Groin) 

 

A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.
 
RENTALS
Rates are up for 2013 rentals and there has been a lot of early activity.  Please email me or call to reserve your weekly choice for your summer vacation.  Please check out my website as I have added a few new properties available immediately.  We have holiday rentals for those who are looking. Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me atRyan@RyanVince.com for a full list of possible rentals. 

Other Quick Links

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

*BeachBlock Sales-Avalon

*BeachBlock Sales-Stone Harbor

*BayFront Sales-Avalon

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales *StoneHarbor NJ Short Sales

*Market Statistics *Charities

*Contact Me

DECEMBER SALES AND 2012 WRAP-UP

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on January 5, 2013 by Ryan Vince

DECEMBER SALES AND 2012 WRAP-UP

SALES 

December sales showed a slight improvement over last year with 14 properties going under contract in Avalon and 2 in Stone Harbor for a total of 16.  There were 12 overall sales for the same time period last year.   2012 proved to be a very strong year for our real estate market with a total of 374 sales ( 227 in Avalon; 147 in Stone Harbor). Year 2011 had 269 overall sales with 188 in Avalon and 81 in Stone Harbor.

2012 Sales Breakdown: AVALON (227)

Properties under $1M : 130

Properties $1M – $2M : 66

Properties + $2M : 31

2012 Sales Breakdown: STONE HARBOR (147)

Properties under $1M : 84

Properties $1M – $2M : 44

Properties + $2M : 19

Inventory is lower than it’s been in years with 390 properties for sale today compared with 514 same time last year.  This is good news for a Seller in that the competition is thin and not such good news for a Buyer in that there is simply not much to choose from in each price range.  We expect more inventory to be added to the market after the new year and into the spring, but the fall added less than expected and so far this year, not much has changed.

We have seen slight price increases in the lower end of the market and up to the $1,800,000 range, especially for new construction.  This trend has been happening over the last 6 months of the year.  $650,000 – 700,000 could buy a tear down east of Dune Drive in the beginning of 2012, now that sale price is closer to $800,000.  New construction east of Dune was in the $1,450,000 – 1,600,000 range a year ago, now it is closer to $1,800,000.  The beach block and the bay front market has stalled a bit with few transactions over the last quarter of 2012, but there are some good buys for land in these areas.  Not many spec homes being developed in this area of our market now, but for a Buyer who wants to own on the beach block or bay front and build their dream home, there are some good values in purchasing land.  This also happens to be the higher end of the market and has been slower to rebound.

We expect our market in 2013 to continue this strong trend established in 2012, especially with interest rates remaining at historical lows, and prices stable over the last 2 years.

Interest rates remain at historical lows. Jumbo rates dipped below 4%. This is very good news for investors, first time Buyers, and anyone looking to refinance. These historically low rates are making it possible to purchase a 2nd home/investment property and offset much of the carrying costs, in some cases cover the carrying costs with strong rental income. Contact me to see a list of inventory for properties in your price range or check out our website for a complete list of sale properties.

Search Homes On The MLS Now

Properties on the market are ready to be shown, please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.
RENTALS
Rates are up for 2013 rentals, please email me or call to reserve your weekly choice for your summer vacation.  Please check out my website as I have added a few new properties available immediately.  We have holiday rentals for those who are looking. Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me atRyan@RyanVince.com for a full list of possible rentals.

 

Other Quick Links

*OceanFront Sales-Avalon

*OceanFront Sales-Stone Harbor

*BeachBlock Sales-Avalon

*BeachBlock Sales-Stone Harbor

*BayFront Sales-Avalon

*BayFront Sales-Stone Harbor

*Avalon NJ Short Sales *StoneHarbor NJ Short Sales

*Market Statistics *Charities

*Contact Me

NOVEMBER SALES DIP SLIGHTLY

Posted in Avalon NJ and Stone Harbor NJ Real Estate with tags , , , , , on December 10, 2012 by Ryan Vince
NOVEMBER SALES DIP SLIGHTLY  SALES This is the first month all year that we have seen a slight decrease in sale numbers from the same month of the previous year.  Avalon had 9 properties go Under Contract (12 in 2011) and Stone Harbor had 2 properties go under contract (5 in 2011).  The general consensus is that the combination of Sandy and the onset of the holiday season slowed things a bit.  Take note that this is not a big shift but rather a slightly off month in what has been very consistent and stronger market for 2012.   Our market is typically slow during the months of November and December.  Nationally the housing market has shown overall improvement all year, but especially in areas like ours, where Buyers and Sellers tend to be financially stable and where the investment is long term.

The bigger story which we have been tracking from month to month is the inventory.  Total inventory is 410 properties currently listed for sale compared to 544 for the same time last year.  This is dramatic and will have a real affect on our market in the coming months.  As we have noted in previous updates, the lower end of our market has been depleted, under $1 million for single family and under $700,000 for condo/townhouse. This depletion has now stretched up to properties listed in the $1,000,000 – $1,700,000 range.  There simply isn’t as much on the market in this price range and we have seen an increase in sale prices for new construction over last year.  We are still hovering around similar market pricing that we experienced in 2003, but the general feeling is that this time last year was the real “low” and we have seen some improvement since that time.  If you are thinking about a purchase in 2013, it’s a good idea to speak with a lender about these historical low interest rates, examine your price range and what types of properties are available to you at this time.

One more word about Sandy; Avalon and Stone Harbor faired extremely well compared with other areas of the coast and much has been written about the environment and the shore-line.  While we were very lucky to have missed the worst weather that hit our beaches, we still sustained a tremendous increase in tide water and flooding.  We had very little damage to our homes and properties and there is no doubt that both our preservation and expansion of our dunes and our building codes, regarding elevation, provided real protection from what otherwise could have been a very different result

Interest rates remain at historical lows. Jumbo rates dipped below 4%. This is very good news for investors, first time Buyers, and anyone looking to refinance. These historically low rates are making it possible to purchase a 2nd home/investment property and offset much of the carrying costs, in some cases cover the carrying costs with strong rental income. Contact me to see a list of inventory for properties in your price range or check out our website for a complete list of sale properties.

Search Homes On The MLS Now

Properties on the market are ready to be shown, please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

A Referral is the highest honor I can receive from a client!  Thanks for your confidence in me and please continue to refer your friends, family, neighbors and co-workers.
RENTALS
We are getting rates up for 2013 rentals, please email me or call to reserve your weekly choice for your summer vacation.  Please check out my website as I have added a few new properties available immediately.  We have holiday rentals for those who are looking. Start your searches now onwww.RyanVince.com or call me direct at 609.602.0025.  You can also email me at Ryan@RyanVince.com for a full list of possible rentals.