Avalon Busy as Year End Draws Near
A strong number of Under Contracts were recorded in Avalon this month with 15 (10 under $1M). This price range continues to move the Avalon market. Product continues to shrink and values are stabilizing in this price range.
Meanwhile in Stone Harbor, we are back to under performing the market with only 2 Under Contracts posted this past month. The lack of activity in Stone Harbor have forced Seller’s to get a little more aggressive with their list prices. So, I do see more productive months ahead.
The market is back to late 2003 pricing, but interest rates are not. Interest rates are over 2 percent LOWER compared to 2003.
We are now starting to see interest rates creep up from the low 3′s. What a time to buy if you are of the mindset to hold. Properties on the market are now ready to be shown, please call to set up an appointment.
The Seven Mile Island’s real estate market is a great place to invest in, all while creating lasting memories for your family. Please call or email me to see homes in your price range. We are still seeing lifetime low interest rates. Please visit my website:www.RyanVince.com
to search and preview properties for sale in Avalon and Stone Harbor NJ.
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There are leases being executed for past tenants. Owners rates have remain in line with last year’s rates. Please search my website for potential rentals for next year. For a full list please email me at Ryan@RyanVince.com . We are taking reservation for next year. Call or email me so I can secure your rental dates and property.