Beach Fill Details
This past month was busy with sale activity as Avalon posted 15 properties under contract while Stone Harbor posted just 2 properties that went under contract. This almost doubles the number from last February when 9 total properties went under contract. The increase of activity is due to Buyer’s confidence in current property values. The past two months in Avalon, which are typically slow months, have generated 31 properties placed under contract. And now coming into a usual busy time on the island, we expect it to continue. We are now seeing inventory levels coming down. This trend must continue for months to get back to levels of consistent appreciation, but we are moving in the right direction. Most of our sale activity is under $2M. This can be split up into 2 categories; one where buyers are purchasing usable homes in better locations such as the beach block (which has become more affordable) and two, due to the limited number of new construction homes on the market, buyer’s are purchasing properties at land value and building on their own. It is a good sign that we have experienced 3 consecutive months of increased sale numbers, especially heading into spring when we usually see new inventory come onto the market.
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
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Activity is becoming strong again now that we are closing in on the Spring. With Seasonal rentals leading the charge. There are still some great options to rent weekly during the season. Please make your inquiries early, so that you can assure yourself plenty of property options to choose from. Those who are looking to rent multiple weeks now is the time to start your searches. 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.