April Numbers Support Spring Market
This past month was again busy with sale activity as Avalon posted 15 properties under contract while Stone Harbor posted 6 properties that went under contract. The Spring Market is typically an active time for buyers to purchase and close before the summer hits. Most of the sales were over a million in the single family and waterfront condo/townhome categories. Fair market Value has been unchanged and we have ceased to see a decline in sale numbers at any range for the last 6-8 months. It remains a good time to invest in real estate on the Seven Mile Island as values have stabilized and remained at the 2003 price levels. Jumbo Rates *(purchases of $417,000 and above) continue to stay within a range of 4% – 5.25% during the past 12 – 18 months. Unchanged market value and rates stabilizing seem to be injecting confidence into the minds of Buyer’s.
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 continue to be strong in 2011. If you are still looking to rent this summer please contact me as fewer and fewer options remain for peak week availability. 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.