Real Estate Insider - March 2020 Edition

The Spring Weather Is Marching In!

We've been gifted with such a mild winter it's felt like spring for the past few days already, but now that the seasons are officially changing we can look forward to beach days in the near future! Still don't have a place to spend them? We have tons of rentals and sale listings of all sizes available, so secure your vacation home now before the best ones are good and gone! It's also the perfect time to get your home listed as many people are searching for their summer getaway.

Call our expert agents today at (609) 967-0829 or contact us online to get started now.

Shop-A-Holics Weekend in Avalon

Shop-A-Holics Weekend will take place at The Princeton and The Whitebrier in Avalon! Come enjoy blowout sales and cocktails March 12th-14th.

10th Annual Stone Harbor Shhhiiver

Come celebrate the 10th Annual Stone Harbor Shhhiver on March 21st. A Pre-Shhhiver Party will be held at the Yacht Club of Stone Harbor on the 20th!

Avalon Submits Proposal For Zero Tax Increase Budget

The budget proposal would also keep water and sewer rates unchanged.

The March Market Report

Happy Spring! Yes, it is just two weeks away along with St. Paddy’s Day and, of course, Shop-A-Holics Weekend in Avalon and Shhhiver in Stone Harbor. The spring buying and vacation rental season are in full-bloom. If you haven’t planned your summer yet, don’t delay in finalizing your bookings! Prime weeks and locations are reserving fast.

The month of February saw the two highest priced sales of the year, an Avalon beach-block in the south end listed for $4,750,000 and my one-of-a-kind Bayfront in Stone Harbor listed for $4,350,000. A long time listed vacant lot in the Bayberry Drive section also went pending (listed for $2,549,000). Right down the street is a new home listed for over $10.0 million; with another one to come in the near future. Truly the “Rodeo Drive” of Avalon.

Inventory levels are down year over year, single home levels are off 12.5% in Avalon and 61% in Stone Harbor! Condo/townhome levels are off 18.7% in Avalon and 27.7% in Stone Harbor. Clearly the addition of new homes will fuel the market and answer the demand of today’s buyers.

The Ferguson Dechert sales team participated in more Avalon sales to date than the combined sales of ALL of the other agencies on the island. Our team continues to dominate the sales on the island, as we have since 1995. Whether it’s successfully attaining the highest price for our sale listing owners, finding the ideal home and investment for the buyer, or the right rental home for your summer vacation, our team is the best choice. Call me today and my team and I will help you in any way we can!

All the best,

Holly C. Rennie

YTD Sales Transactions Recap - Avalon

YTD Sales Transactions Recap - Avalon & Stone Harbor

Current Inventory Of Active Listings

Get Settled Into The Home Of Your Dreams Before Summer 2020 Arrives!

Our Featured Listings

403 20th Street

Avalon

6 Bed | 6 Bath | The Epitome Of Bayfront Living

This spectacular Bayfront retreat is the epitome of living the high life on the bay. Boaters will love this location with deep water slips (3) and Jet Ski ramp. Direct, quick access to the Great Channel makes ocean fishing and waterskiing easy to enjoy. The kids will love fishing and crabbing off the floating docks or floating along the water on your trampoline. If views are your pleasure enjoy them from any one of three large bayside decks each with glass railing system providing an uninterrupted view. Or simply lounge in your infinity pool with swim up bar and hot tub as you watch the boats sail by. The bayside back yard offers a one of a kind experience the closest thing to a resort spa in your own backyard you will ever experience. Meant for entertaining, there are multiple televisions, pool table and sitting areas to relax and enjoy. The entire fourth level is the master suite with its own bayside living area with deck. All levels of the home are accessed by a four stop elevator as well as a custom open stair case through the center of the home. The second and third levels are host to immense living areas both with lineal fireplaces that open up to generous size Bayfront decks. At the top of the third level stair case you will be amazed by the huge living area with vaulted ceilings and views of the bay as far as the eyes can see. The true kitchen of the home lives on the third level and a chef s kitchen it is. A massive center wood topped island is surrounded by additional cabinetry topped with stone. A stainless steel GE Monogram appliance package includes 2 dishwashers, 6 burner stove with grill inset, wall and Avantium ovens, and beverage bar with two beverage refrigerators. The family meal will never be the same as you enjoy preparing and sharing the family meal while enjoying the sights and sounds the bay offers thru walls of glass at every turn. The entire home is covered with a custom tile flooring, wall surfaces are covered with custom paint palettes, grass cloth and specialty wall papers. The list of special features throughout the home are too numerous to list. Schedule an appointment to see for yourself why this home is far and away the most unique Bayfront spa retreat you will find on Seven Mile Island.

2158 Harbor Avenue

Avalon

4 Bed | 3 Bath | Incredible Townhome Opportunity

This townhome offers the ideal location and floor-plan for your family summers here in Avalon. The neighborhood provides for a quiet residential feel and the convenience of town just steps away. Wonderful bay views across the street are enjoyed from three decks and even in your main living area! The spacious great room has vaulted ceilings and hardwood flooring providing a wide open space to entertain and relax. Two bedrooms and tiled bath are on the first floor while the master bedroom suite resides on the third floor with its own tiled bath and bay-view deck. The fourth bedroom shares the second floor living level that can be used as an additional bedroom or swing room with sofa bed for the occasional guest.The rear yard is the perfect spot for your four legged family members, the kids to play after a day on the beach or the family barbecue. Never a rental, this home is in exceptional condition and available for your summer 2020.