Summer is officially behind us now. With the start of October and some cooler weather moving in, after a bit of a delay, it finally feels like fall! The busy summer season may be in the rear view, but it's still a great time of the year to visit the beach. The weather is beautiful, the sun is shining, the crowds are gone, and there's plenty going on. Even better? We're now in the offseason rental rates! What more could you ask for? Make your way down to Avalon and Stone Harbor this month and enjoy The Avalon Seafood Festival, The Stone Harbor Kids Harvest Festival and Avalon Trunk-or-Treat. Plus, the wildly popular Thanksgiving and holiday events are just around the corner.
Give me a call at (609) 967-0829 to find your rental today, or make things a little more permanent with a beach house of your own.
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The Avalon Seafood Festival Takes Place On October 12th & 13th
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Stone Harbor Harvest Festival
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Hayrides, pumpkin decorating, trick or treating in the shops and creepy & crawly, but cute animals on October 26th
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Wear your costume, snack on delicious treats and enjoy the Halloween activities at Trunk-or-Treat!
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The October Market Report
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The heat is on and on and on! What a fantastic September we have enjoyed here at the shore. We will hit 92 on the second day of October 2019! Hopefully you returned to Seven Mile Island and enjoyed the weather and the activities in town. October promises to be just as beautiful but a bit more consistent with expected cooler weather by the first weekend of October.
The heat definitely spurred buyer interest as September was another exceptional month! As of October 1, 2019 reported sales for the month of September indicate the island exceeded the sales of both July and August 2019 making it our strongest month for the year. As interest rates continue to decrease, buyer’s purchasing power is increasing; in fact as we enter October the rates are a full percentage lower than this same time last year.
This is timely as September saw a building of inventory particularly in key categories such as townhomes, single homes under $2.0 million and even a few much needed condominiums. These new additions to the market fueled the sales much like September of 2018.
The upper end in sales were again on the bay in Avalon 2019 as in 2018. The difference in 2019 is the sales were all of teardown Bayfront homes ($3.2-$3.4) as compared to new /newer construction in 2018 on the bay ($6.25-$4.0). In Stone Harbor the upper end sales in 2018 were on the beach/beach block ($5.2-4.9). In 2019 the upper end was under $3.0 million. As we have seen in the past few years, the bay continues to be the location of choice regardless of property style – single home, townhome or condo.
The Ferguson Dechert sales team participated in 52.5% of the transaction for the month – 29% of these transactions our team represented the buyer and seller. Our team continues to be the market leader for buyers, sellers and tenants alike!
If you are buying now is an excellent time to take advantage of your improved buying position. Allow me the chance to keep you informed as this market moves fast! If you are thinking of selling stop thinking and get on the market today! Our market will continue to be strong right into November especially if this weather continues. Call or email me today to learn your home value in today’s market and how we successfully bring your home to closing. If you are just in the “consideration stage” of selling and want to watch the market allow me to provide day to day market updates to your email; Easy access and updates direct to your email. I will gladly register you – takes just a few minutes!
In the meantime enjoy the fall season! Hope to see you here on the island.
Best,
Holly C Rennie
P.S. And don’t forget about Thanksgiving plans on Seven Mile Island. If you have not experienced a Seven Mile Island Thanksgiving you owe it to yourself to come on down. We will help you find the ideal home to rent if you don’t already have a home of your own on the island.
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Year-To-Date Sales Transactions - Avalon
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Year-To-Date Sales Transactions - Avalon & Stone Harbor
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Rentals Book Fast For Thanksgiving!
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Our Experienced And Local Agents Will Help You Find The Vacation Home Of Your Dreams!
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This Week's Featured Listing
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4603 Fifth Avenue
Avalon
5 Bed | 5 Bath | Waterfront Stunner
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As soon as you enter through the custom wood door of this distinctive 4,400+ square foot home you know you have entered a home that was designed and constructed as someone’s personal Bayfront escape. The sensational bay views are appreciated immediately as you make your way through the open foyer and arched entry way into the great room. The entire bayside of the home opens to the bay and covered porch, from the kitchen, to the cozy bayside dining room and inviting living room. The kitchen is every chef’s dream offering high-end appliances, large counter space plus a huge center island featuring a second sink, wine/beverage refrigerator and lots of storage. If you love the water, you will appreciate the dock and bayside rear yard, which features a gradual slope, perfect for your kids or pets to easily enjoy the water. The stationary dock is 14x15 in size and there is plenty of space for entertaining on the bay (literally). All walkways and docks are a composite material with lighting and access to electric and water. A High Tide boat lift installed in 2016 keeps your pride and joy out of the bay while your WaveRunners, paddle boards and kayaks have their own space to anchor. Sold turnkey and ready to go, this home is waiting for the next family to make it their home.
Ready to start making memories?
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Featured Vacation Rentals
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535 42nd Street, Avalon
5 Bed | 4 Bath | Sleeps 13
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7929 Dune Drive #117, Avalon
1 Bed | 1 Bath | Sleeps 4
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56 E. 14th Street, Avalon
5 Bed | 4 Bath | Sleeps 10
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Seven Mile Island Beach Renourishment Project To Begin This Fall
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The Army Corps’ Philadelphia District has awarded a contract to periodically nourish the Townsends Inlet to Cape May Inlet (Avalon and Stone Harbor) Coastal Storm Risk Management project.
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Browse All Of The Newest Listings Throughout Avalon & Stone Harbor In One Convenient Location
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See What Homes Have Sold Around The Island And For How Much
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Upcoming Events in Avalon & Stone Harbor
- October 26th: Avalon Dune Grass Planting, Avalon Community Hall, 8:30am
- October 26th: Clean Ocean Action Beach Sweep, 8th Street and Avalon Ave., 9am
- October 26th: Stone Harbor Kids' Harvest Festival, 96th Street Shopping District, 11am
- October 26th: Avalon's Trunk or Treat, 30th Street Parking Lot, 5pm
- October 27th: Avalon Lions Club Pasta Night, Windrift Hotel Resort, 5pm
- October 31st: Trick-or-Treating on 7 Mile Island, Stone Harbor & Avalon, 5pm
- November 11th: American Legion Post 331 Veterans Day Ceremony, Veterans Plaza, 11am
- November 11th: Stone Harbor American Legion Veterans Day Ceremony, 11617 Second Ave., 12pm
Upcoming Events at the Avalon Recreation Center
- Mondays: Aerobics, 9am
- Mondays: Line Dancing, 1:30pm-3pm
- Mondays: Sit and Be Fit, 11:15am-12pm
- Tuesdays: Move and Groove, 12pm-12:45pm
- Wednesdays: Fit Fam, 8:30am-9:30am
- Wednesdays: Aerobics, 9am
- Wednesdays: Sit and Be Fit, 11:15am-12pm
- Thursdays: Chair Yoga, 10am-11am
- Thursdays: Move and Groove, 12am-12:45am
- Fridays: Aerobics, 9am
- Fridays: Fit Fam, 8:30am-9:30am
- Fridays: Sit and Be Fit, 11:45am-12pm
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