Holly Rennie
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What a great turnout for the Memorial Day Weekend. The weather was great and there were plenty of events for the family. The summer fun continues this month as well. We have plenty of rental properties for you, your friends and family. Call us today so we can help with your plans.

Grand Opening of Surfside Park
Mark your calendar for Saturday, June 22nd. Festivities begin 6 pm through 8:30 pm with a performance by Jimmy and the Parrots.

Avalon is Planting New Trees
The Borough of Avalon has received a $30,000 grant from the New Jersey Parks and Forestry to plant 89 new trees throughout the community in specially chosen location. The project started in the Fall, 2018 and continued in the Spring, 2019. Careful attention was given to the selection of the trees and their placement. The trees will be monitored for the next 2 years to assure their success.

New trees next to Avalon Basketball Courts
Source:Avalon Borough

Townsend's Inlet Bridge Update
Cape May County has good news to report. The work on the bridge project has progressed better than projected. Along with favorable weather conditions, the critical work has been moving along more quickly than anticipated. The commission is projecting a probable opening date on or about July 30th.

All of the pier caps have been placed, deck stringers for spans 1 and 2 are in place, and it is expected that the other remaining framing components are in place by the first week of June. If work proceeds as expected, the bridge deck surface should be completely poured by June 21st, which will then open the way for the construction of the final bridge components such as the sidewalks and railing.

Market Trend Update for May
Memorial Day 2019 was the highlight of the month if not the year! If the last weekend of May is any indication of summer's weather, we will all be very happy this summer.

Everyone must have been planning for the big holiday and clearing out after all the rain because they were too busy to be at the shore buying homes. May is the first month this year we saw a downturn in sales as compared to the last three years - 28 total properties sold on the island as compared to 26 in 2018, 35 in 2017 and 31 in 2016.

The shift in property values placed under contract impacted the average sale price. The average sale price across all property categories sat at $1,378,000 for May 2019 as compared to $1,984,000 in 2018; $1,517,100 in 2017 and $1,666,000 in 2016. In 2018 sales over $2.0 million represented 49% of total sales; 37% in 2016 and 26% in 2017. In 2019 sales over $2.0 million represented 23% of the total sales for the month. 76% of the sales in May 2019 were under $2.0 million.

As we move into the summer selling season the buyers are responding to some great values with multiple offers pushing sale prices over asking price. Property values in the west and 100 blocks of Avalon are growing at double digit rates as developers purchase older single homes/lots with new homes planned for the 2020 season. One example: 50' x 110' lots sold in the west block at the end of 2018 and first quarter 2019 in the $1.5-$1.57 million range. These same lot sizes are selling for $1,629-$1,739 in the last 30-45 days.

Single home inventory levels are practically even with those of June 2018 and fairly consistent throughout the first five months of the year; 50% of the single home inventory in Avalon is over $3.0 million while 26% is priced under $2.0 million.

Townhome inventory is severely depleted with only 12 in Avalon, less in Stone Harbor. There is not even a 3-month supply of 4-5 bedroom townhomes for sale. Condo inventory is heavily weighted in the efficiency and one bedroom units with 50% of our Avalon condo inventory in this category. Avalon has 36% fewer condo/townhomes for sale going into the summer selling season than 2017 and 60% fewer homes than 2016.

The Ferguson Dechert sales team continues to dominate the market with a 42% market share selling more Avalon property than the combined sales of the next six agencies, and selling more homes in Stone Harbor than any other agency in Stone Harbor in the month of May. The team is knowledgeable, productive and aggressively approaches each segment of the market.

If you are interested in learning your property value in today's market or looking for assistance in navigating this market for your home purchase, call or email me today. Whether selling or buying, you deserve the power of knowledge, market and sales expertise and a work ethic to get the job done. I will deliver the results you desire and deserve.


Call to make your plans to come to Seven Mile Island!
Call us today 609-967-0289.

People walking on the beach in the distance
"Don't grow up too quickly, lest you forget how much you love the beach."
-- Michele Held
Featured Listing
3985 Dune Drive, Avalon, NJ 08202
3985 Dune Drive, Avalon, NJ 08202
448 Avalon Boulevard, Avalon, New Jersey, 08202
Featured Vacation Rentals
2268 Ocean Drive, Avalon, NJ 08202
4029 Dune Drive, Avalon, NJ 08202
4521 Ocean Drive, Avalon, NJ 08202
7751 Ocean Drive-Unit H, Avalon, NJ 08202
1605 Ocean Drive, Avalon, NJ 08202
234 17th Street, Avalon, NJ 08202
1605 Ocean Drive, Avalon, NJ 08202
45 West 21st Street, Avalon, NJ 08202
1605 Ocean Drive, Avalon, NJ 08202
4521 Ocean Drive, Avalon, NJ 08202
New Listings
4819 Fourth Avenue , Avalon, New Jersey, 08202   153 74th , Avalon, New Jersey, 08202
11717 Paradise Drive ,Stone Harbor, New Jersey, 08247   115 121st ,Stone Harbor, New Jersey, 08247
198 72nd , Avalon, New Jersey, 08202   205 54th , Avalon, New Jersey, 08202
190 72nd , Avalon, New Jersey, 08202   129 18th , Avalon, New Jersey, 08202
8514 Second Avenue ,Stone Harbor, New Jersey, 08247   254 6th Street , Avalon, New Jersey, 08202
198 73rd Street , Avalon, New Jersey, 08202   175 84th ,Stone Harbor, New Jersey, 08247
Sold Properties
7900 Dune Drive, $260,000, SOLD
MLS# 185644
  233 235 99th Street, $410,000, SOLD
MLS#: 185081
9716 Third Avenue, $425,000, SOLD
MLS#: 186057
  8811 Third Avenue, $450,000, SOLD
MLS#: 183193
173 33rd Street, $499,000, SOLD IN-HOUSE
MLS#: 186169
  9501 Sunset Drive, $500,000, SOLD
MLS#: 185523
700 First Avenue-Unit 406, $590,000, SOLD
MLS#: 184107
  10015 Third Avenue, $615,000, SOLD IN-HOUSE
MLS#: 184392
151 95th Street, $619,000, SOLD
MLS#: 187216
  263 100th Street-Unit A, $637,000, SOLD
MLS#: 187019
2825 South Dune Drive, $720,000, SOLD
MLS#: 186713
  3465 Dune Drive, $810,000, SOLD
MLS#: 186492
Upcoming Events
  • June 15th - Avalon Lions Club Pancake Breakfast, Avalon Community Hall, 8 - 11 am
  • June 15th - Avalon Historical Society Olde House Tour, Avalon History Center, 1 - 4 pm
  • June 15th - Early Avalon Exhibit Opening, Avalon History Center, 1 pm
  • June 15th - Big Band Dance: The Star Band, Avalon Community Hall, 7 pm
  • June 19th - Paper Peddler Trivia Night, Avalon History Center, 6 pm
  • June 20th - Tea Time, Avalon History Center, 11 am
  • June 22nd - Seashore Ace Grill Demo, 10 am - 4 pm.
  • June 22nd - Avalon Free Public Library Book Bash, 10 am - 12 pm
  • June 22nd - Avalon Performing Arts Council/Celebrating Three Decades of Art, Avalon Community Hall, 10:00am-4:00pm
  • June 22nd - Grand Opening Surfside Park/concert by "Jimmy and the Parrots", 6:00pm
  • June 27th - Avalon Civic Club "Under the Boardwalk" Luncheon/Card+Game Party, Avalon Community Hall, Noon
  • June 27th - Philadelphia Flyers Autograph Session and Beach Volley Ball, 95th Street Beach, 9:30 am - 5 pm
  • June 29th - Tim Kerr Charities Islandman Triathlon, Avalon Community Hall, 7:15 am; 9:15 for Islandkids Triathlon
  • June 30th - Avalon Field Races and Family Fun, 10th Street field, 10 am
  • July 1st - Kids Event Science Tellers, Avalon Free Public Library, 10 am
  • July 1st - Tie Dye Day, Avalon Community Hall, 10 am - 12 pm
  • July 1st - "Early Avalon" Walking Tour, History Center, 6 pm
  • July 2nd - 63rd Army Band Concert, Veterans Plaza, 7-8:30 pm
  • July 3rd - Mummers Parade, Avalon Community Hall, 6 pm
  • July 4th - Boar Parade, High Tide
  • July 4th - Beach Concert, Andrew Jude, 30th Street Beach, 1-3pm
  • July 4th - Avalon Independence Day Celebration, 30th Street Parking lot, 6-8- pm
  • July 4th - Bay Atlantic Symphony Concert, Avalon Community Hall, 7 pm
  • July 4th - Avalon Fireworks, 30th Street beach, 8:45 pm
  • July 4th - Stone Harbor Rec Field Day & Phillies Home Run Derby, 8100 Second Ave, 9 am - 2 pm
  • July 4th - Stone Harbor Independence Day Celebration and Fireworks, 7:30 - 10:30 pm
  • July 6th - Cape-Atlantic 5 Mile Run, Avalon Community Hall
  • July 6th - Lowe Tide Beach Ride for Brendan's Fund, 9th Street Beach, 5:30 pm
  • July 8th - Kids' Event Book Bingo, Avalon Free Public Library, 10 am
  • July 8th - NJ Waterways Lecture, Avalon Free Public Library, 6 pm
  • July 9th - Tuesdays at the Tower, Stone Harbor Concert Series, 95th Street Tower Plaza, 7 - 8:30 pm.
  • July 10th - Author Lecture, Amor Towles, Avalon Free Public Library, 7 pm
  • July 11th - Avalon Historical Society Miniature Golf Competition, Go Fish Mini Golf, 6 pm
  • July 12th - Motown Band "Shadows of the 60s", Avalon Free Public Library, 7 pm
  • July 13th - Surfside Seven Rugby Tournament, 8100 Second Avenue.
  • July 13th - Avalon Flip Flop Walk, Boardwalk at 32nd St, 8 am
  • July 13th - Big Band Dance, Rick Martin Orchestra, Avalon Community Hall, 7 pm
  • July 15th - Stone Harbor Family Fun Night, 175 96th Street, 7 pm - 7:45 pm
  • July 15th - Kids Event, Behind the Scenes at the Museum, Avalon History Center, 10 am
  • July 15th - Pinelands Preservation Lecture, Avalon Free Public Library, 6 pm

Stone Harbor Recreation 82nd Street Program Schedule

Tuesdays - Low Sit Cardio For Seniors, Rec Center, 11 am - 12 pm

Wednesdays - Senior Fun Day! Bridge & Card Games, American Legion Post, 1 pm

Thursdays - Low Sit Cardio For Seniors, Rec Center, 11 am - 12 pm

Fridays - Zumba Gold, Stone Harbor Rec Center, 11 am - 12 pm

Fridays - Mahjong & Card Games, Stone Harbor Rec Center, 12:30 pm - 3:30 pm

Sundays - Stone Harbor Farmers Market, 95th Street Water Tower Plaza, 8 am - 12:pm

Avalon Recreation Program Schedule

Mondays - Line Dancing, 1pm - 3pm

Mondays - Sit and Be Fit, 11:15 am - 12 pm

Mondays - All-Level Yoga, Islandaerobics.net, 8:30 - 9:30 am

Mondays - PIYO by the Sea, islandaerobics.net , 8:30 - 9:30 am

Mondays - Ship Shape Health, shipshapebody.com, 8:00 - 9:00 am

Tuesdays - Move and Groove, 12 pm - 12:45 pm

Tuesdays - High Impact Zumba Classes, Community Hall, 8:30 - 9:30 am

Wednesdays - Sit and Be Fit, 11:15 am - 12 pm

Wednesdays - Ship Shape Health, shipshapebody.com, 8:00 - 9:00 am

Thursdays - Chair Yoga, 10 am - 11 am

Thursdays - Move and Groove, 12 pm - 12:45 pm

Thursdays - High Impact Zumba Classes, Community Hall, 8:30 - 9:30 am

Thursdays - Women's Basketball Night, 7 pm

Fridays - Sit and Be Fit, 11:15 am - 12 pm

Fridays - PIYO by the Sea, islandaerobics.net , 8:30 - 9:30 am

Saturdays - All-Level Yoga, Islandaerobics.net, 8:30 am

Holly Rennie
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