Welcome, September!
Labor Day Weekend has come and gone and local summer is officially here! Although the crowds have dwindled and the buzz of vacation season has died down, virtual learning and remote work have given many the opportunity to extend their beach stays! Many home owners are renting into the fall, so if you're interested in staying down the Shore a little longer this year, call us at (609) 967-0289 to speak to Holly or contact us online today to get started!
End-of-Summer Shop Hop This Weekend
Nearly 30 stores are set to participate in Avalon's End-of-Summer Shop Hop is set for September 11th-13th. Clothing, accessories, salon products, home decor, and more will be on sale!
Construction To Resume On Ingram’s Thorofare Bridge This Month
Beginning September 14th, The County of Cape May will be resuming reconstruction in mid-September of the existing bridge deck and miscellaneous structural repairs to the Ingram’s Thorofare Bridge located along Avalon Boulevard.
Top Six Dining Spots in Stone Harbor
Check out the best dining spots in Stone Harbor, according to ABC6 Action News!
The September Market Report
Hello and Happy September!

I hope you and your family enjoyed the most amazing Labor Day weekend! I actually made it to the beach TWICE! What a special treat for me.

You would never know it is September. The weather is summer-like and the streets and beaches are still full. Many families are working and teaching from their summer homes. Why not? You can’t beat the atmosphere here. Fall and winter will come soon enough so enjoy the island as long as you can.

Stores and restaurants (25% indoor + outside) are open and ready to serve. They are extending their hours into the fall as best they can to accommodate the increased post- summer demand. Supporting local small businesses has been a key focus for all of the locals. It is great to see the support they received from our visitors this summer and now into fall. Personally I hope we continue the “al fresco” dining next summer. Nothing like eating outside on a nice summer day or evening.

Rental owners are enjoying extended seasons right through October. Each day we receive requests for families looking for additional weeks/months here on Seven Mile Island. If you are a vacation rental owner, give us a call. We can extend your rental season later than you think possible.

Sale owners are enjoying unprecedented interest and sale prices. Unit sales are up island wide 45% year over year for the month of August. Single family sales actually doubled in spite of the lack of inventory. The upper end on the bay was on fire with four sales over $5.0 and THREE offers on a new construction home on Seagull that sent the end price over asking of $6,495,000. New construction sale on the beach block of $6.3 and a sale of an Avalon oceanfront listed for $7,995,000 topped the market.

Our sales team participated in more island wide transactions than the combined sales of the next THREE sales teams and participated in more Avalon transactions than the combined sales of the next SIX sales teams. Our team participated in all of the sales above and in some instances on the buying and listing side!

While unit sales volume is up handsomely the opportunity lost is also up. Our lack of inventory continues to frustrate prospective buyers, slowing down the potential growth. As of August 1st, our available single homes in Avalon total 44 – 102% less than this same time in 2019; 157% fewer homes than in 2018. Avalon townhome inventory sits at 25, off 40% compared to 2019; 22% off compared to 2018. Stone Harbor inventory levels, while reduced, are not to the same degree as Avalon.

If now is a good time for you to trade up or sell off to enjoy the equity your home has built over the years let me know. We have the buyer for your home.

Interest rates continue to increase today’s buyer’s purchasing power. Fluctuating between 2.87% and 3.0%...when did you ever see such an ideal time to invest in real estate? Our buyers are not only new to the island but many are current home owners moving up to their next investment OR purchasing a home simply for rental purposes.

I hope you have an amazing Indian summer right into fall and winter. Stop down, give us a call, or email me if you need our assistance - rental, listing for sale or rent, or purchasing your next or first home – we have the knowledge and team to guide you in the right direction.

Be Well and Be Happy!

All the best,
Holly C. Rennie
YTD Sales Transactions Recap - Avalon
YTD Sales Transactions Recap - Avalon & Stone Harbor
YTD MLS Market Share - Avalon & Stone Harbor
Current Inventory Of Active Listings
Our expert agents would love to chat with you about the current market. Give us a call today!
Featured Sales Listings
295 60th Avenue
6 Bed | 5.5 Bath | Amazing Views

Listed by Dan Bowersock

Ideally situated on a corner lot facing the bay, this distinctive home offers First Class touches throughout and a thoughtful, inviting floor plan! Creatively designed by Blane Steinman Architects, this is another First Class home by Ryan Development Group! This property is being sold Professionally Decorated, so you can move right in and skip the hassle of furnishing a property and dealing with the extended delays. Highlights include an elevator, a sparkling heated pool, high ceilings throughout, a towering cathedral ceiling above the Great Room, front & rear decks allowing your choice of sun or shade, quartz countertops & extra-wide beautiful hardwood flooring throughout, custom tile selections, a spacious Chef s Kitchen with Thermador paneled appliances a 1st floor Family Room overlooking the private, sun-filled pool patio area and featuring an impressive 10 foot high (+ -) ceiling, abundant recessed LED lights, plenty of off-street parking, tons of storage underneath the home (full concrete floor), HardieShingle (Plaster White a new custom color) fiber cement siding which offers the classic look of natural cedar siding, however, it is a maintenance-free, much more durable weather-proof alternative and black windows to create a striking exterior! 
Featured Vacation Rentals
6428 Ocean Drive South
5 Bed | 4 Bath | Sleeps 10
6 Flamingo Drive
6 Bed | 4 Bath | Sleeps 12
Things to Do in Seven Mile Island This Fall
Things tend to slow down following August in Avalon and Stone Harbor. Here's a handful of autumnal activities that will make for a relaxing and charming off-season.
Browse Our Listings And Find Your Dream Home Down The Shore With Our New User-Friendly Website
See What Homes Have Sold Around The Island And For How Much