About Cape May County, NJ

This is the Best time of year to get the very best selection of vacation homes. We have 1000's of rental properties ranging from McMansions right on the beach (or bay) ...to cozy cottages and condos. Take a look through the inventory,and you can book it right here on-line! http://www.nancymalexander.com/rentals.asp

If you have any questions,or need more information,please e-mail me at Nancy@NancyMAlexander.com Call me! I love to talk Real Estate! Call my cell 609.425.7521
Please visit The Address For Luxury Real Estate at www.NancyMAlexander.com . I'd love to be your Realtor
View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Nancy's Newsletter http://realtytimes.com/130/NancyAlexander

This is the Best time of year to get the very best selection of vacation homes. We have 1000's of rental properties ranging from McMansions right on the beach (or bay) ...to cozy cottages and condos. Take a look through the inventory,and you can book it right here on-line! http://www.nancymalexander.com/rentals.asp

If you have any questions,or need more information,please e-mail me at Nancy@NancyMAlexander.com Call me! I love to talk Real Estate! Call my cell 609.425.7521
Please visit The Address For Luxury Real Estate at www.NancyMAlexander.com . I'd love to be your Realtor
View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Nancy's Newsletter http://realtytimes.com/130/NancyAlexander

LOOKING BACK ... LOOKING FORWARD ... from Ocean City, New Jersey

Part 4

During the last three postings we reviewed what has been happening to real estate in Ocean City in 2009. We looked back to past year stats, and we also highlighted the unique spring and fall buying periods in Ocean City's schedule with the summer rental season.

We will now look at some obstacles of a general and particular nature to help us think about the next buying period. Mortgage rates and the process of obtaining a mortgage are two factors that must be carefully considered here. Will rates stay the same in 2010. Will the process get any easier ... i.e. will they make it work a bit smoother for some of the buyers on the fringe.

Have we been having more difficulty because we are a resort community, an investor-oriented product, a second home market. These topics are important to think about because all of our buyers are certainly doing that too. Is the decision to purchase a second property away from one's primary residence now much more of a question for buyers ... if so, how much more of a question.

Although many feel that we have continued along in terms of our year-long national economic crisis ... is there still a type of negaive thinking that has permeated the thinking of potential buyers in that they just don't have to do this right now. In other words, is our particular product something that can be left on the string ... on a waiting list.

Do some buyers, or many buyers, still think that the resort market will continue to move further south before it makes a more decisive turn-around. Clearly, there may be some, a lot, of this thinking still out there.

These are tending toward a variety of random thoughts, free-thinking, which may be useful or maybe a bit too negative for our situation. What do you think? dap

S

Stone Harbor Real Estate Sales October 31 to November 19,2009.

There are currently 111 single family homes for sale in Stone Harbor, ranging in price from $399,000 for a two bedroom home on Weber Court to $6,500,000 for a new beach front home at #1 105th street.


Average list price is $1,908,617 and average time on market is 357 days.

There are seven single family homes currently Under Contract in Stone Harbor.

1-39 Weber Court, a 4 bedroom,1 bath cottage on a 60x35 lot listed for $599,000,goes to settlement 11/20/2009


2-11021 Second Avenue, a 3 bedroom,1 bath cottage on a 55x41 lot listed at $789,000,goes to settlement 11/30/2009


3-229 91st street, a 3 bedroom,2 bath home on a 50x110 lot and listed for $997,500,goes to settlement 10/16/2009

3- 231 98^th street a 4 bedroom,1 bath home on a 50x110 lot and listed for $1,375,000 and goes to settlement on 12/15/2009

4-10804 Second Avenue, a 4 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000 goes to settlement 11/21/2009

5-9915 First Avenue, a 4 bedroom,4 bath home on a 110x110 lot listed for $2,350,000,goes to settlement 12/1/2009

6-210 118^th street, a 5 bedroom,5 bath home on a 60x110 lot and listed at $2,495,000 and goes to settlement 12/11/2009

7-10408 Third Avenue, a 4 bedroom,4 bath home on a 50x100 lot and listed for $1,595,000,goes to settlement on 1/8/2010

Two Stone Harbor Single Family Homes SOLD since October 31st,2009

1- B-50 Bower Court, a 2 bedroom cottage on a 40x35 lot listed for $ 499,000,,SOLD 11/6/2009 for $479,500
2- 173 88^th street,a 5 bedroom,3 bath home on oversize 100x110 lot,and listed for $2,050,000,SOLD 11/16/2009 for $full price $2,050,000.

Stone Harbor Condo/Townhouses Now For Sale

There are now 55 condos for sale in Stone Harbor ranging in price from $175,000 for efficiency at $ 162 96^th street to $1,299,000 for 13 93rd street

The average list price is $681,076 and average days on market is 323 days

There are now three condos Under Contract in Stone Harbor

1-10120 Third Avenue, listed at $194,500, goes to settlement 11/18/2009

2-351 96^th street, a 2 bedroom,1 bath unit listed for $385,000 ,goes to settlement on 11/28/2009

3-259 104^th street, a 3 bedroom,1.5 bath unit listed for $579,000,goes to settlement 12/30/2009

The data for this market report is based on statistics provided from the Cape May County MLS (private sales are not included)

Buying or Selling a home in Stone Harbor or Avalon, or if you need a Summer Rental, it would be my pleasure to help you with your Real Estate needs.
to talk Real Estate! Call my cell 609.425.7521


e~mail me at Nancy@NancyMAlexander.com or Call me! I love to talk Real Estate! Call my cell 609.425.7521
Please visit The Address For Luxury Real Estate at www.NancyMAlexander.com . I'd love to be your Realtor
View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Avalon Real Estate Activity Summary October 31 to November 19, 2009.

Avalon Real Estate Activity Summary October 31 to November 19, 2009.

There are currently 211 single family homes for sale in Avalon

Average list price is $2,680,125 and average days on the market is 334 days.

These properties range in price from $499,000 for a two bedroom home at 138 29th street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street on a 120x110 lot.


There are fifteen single family homes now Under Contract in Avalon

1- 559 22nd street, a 3 bedroom,1 bath home on a 40x100 lot and listed at $557,000,goes to settlement 11/27/2009 after 979 days on the market.

2-264 14th street, a 3 bedroom,2 bath home on a 50x110 lot and listed for $769,000,went Under Contract in only 3 days. It goes to settlement 11/2/2009

3-233 19^th street, a 3 bedroom,1 bath home on a 60x110 lot ,listed for $895,000,and goes to settlement on 11/25/2009

4- 273 48^th street, a 2 bedroom,1 bath home on a 60x110 lot and listed for $925,000,goes to settlement on 12/18/2009

5-73 W. 11^th street, a 4 bedroom,2 bath home on a 50x110 lot, listed at $1,095,000,goes to settlement on 12/29/2009

6-254 6th street, a 3 bedroom,1 bath home on a 50x110 lot listed for $1,095,000 is Under Contract after just 7 days on the market, and goes to settlement 10/31/2009

7-388 22nd street, a 4 bedroom,2 bath home on a 40x130 lot listed for $1,395,000 goes to settlement 11/30/2009

8-3764 Dune Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed at $1,495,000 goes to settlement 12/23/2009

9-4528 Ocean Drive, 4 bedroom,2 bath bay front home on a 60x250 lot and listed for $1,584,000,goes to settlement 12/7/2009

10-242 6th street, a 5 bedroom,4 bath home on a 50x110 lot went Under Contract in just 7 days and goes to settlement 10/31/2009

11-2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000, goes to settlement 3/1/2012

12- 4350 Fourth Avenue, a 4 bedroom,2 bath bay front home on a 60x250 lot listed for $2,299,000 goes to settlement 11/25/2009.

13-150 38th street, a 5 bedroom, 4 bath home on a 70x110 lot and listed at $2,595,000 is Under Contract after just 54 days on market. It goes to settlement 11/20/2009

14- -315 74th street, a 7 bedroom,2 bath bay front home on a 90x201 lot and listed for $3,800,000, goes to settlement 12/23/2009

15-316 60th street, a 4 bedroom,3 bath, bay front home on a 90x156 lot listed for $4,295,000 goes to settlement on 11/23/2009

Four Single Family Homes have SOLD in Avalon since October 31^st 2009

1-215 54th street, a 5 bedroom,3 bath home on a 60x100+ lot, listed for $1,375,000,SOLD 11/16/2009 for $1,100,000

2--744 21st street, a 6 bedroom,4 bath bay front home on a 40x130 lot listed at $1,250,000 SOLD 11/3//2009 for $$1,150,000

3--479 24th street, a 6 bedroom,4 bath home on a 40x130 bay front lot listed at $1,250,000 went Under Contract after 22 days on the market and SOLD 11/16/2009 for $1,360,000

4-1998 Ocean Drive, a 5 bedroom,4 bath home on a 40x110 lot and listed for $2,090,000,SOLD 11/6/2009 For $1,890,000

Avalon Condo/Townhouse Sales Activity October31 to November 19, 2009

There are now 127 condo/townhouses for sale in Avalon ranging in price from $169,000 for an efficiency unit at 7900 Dune Drive, up to $2,095,000 for a 4 bedroom, 3 bath unit at 65 E. 28th street

Average list price is $ 643,238, and the average days on market is 341 days.


There are Ten condos in Avalon now Under Contract ranging in price from $549,000 to $985,000



The data for this market report is based on statistics provided from the Cape May County MLS (private sales are not included)

Buying or Selling a home in Stone Harbor or Avalon, or if you need a Summer Rental, it would be my pleasure to help you with your Real Estate needs.

e~mail me at Nancy@NancyMAlexander.com or Call me! I love to talk Real Estate! Call my cell 609.425.7521
Please visit The Address For Luxury Real Estate at www.NancyMAlexander.com . I'd love to be your Realtor
View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Nancy's Newsletter http://realtytimes.com/132/NancyAlexander