Hello, August!
This summer is absolutely zooming by and it's most definitely been one to remember. August is here and just like our beaches, the market is HOT! Right now is an absolutely fantastic time to sell your home for top dollar. Inventory is incredibly low and the demand is VERY high. If you'd like a free Comparative Market Analysis of your home, contact Holly today. You may be pleasantly surprised as what your home is worth in today's market!

Call at (609) 967-0289 to speak to Holly or contact us online today to get started!
Avalon Featured as Prime Date Night Spot
The charming strip that is Avalon, NJ is the perfect spot for a romantic date night. Enjoy a day of shopping, outdoor dining, and beautiful beaches in our magical town.
Local Chef Featured in Men's Journal
Lucas Manteca and his wife Deanna Ebner are the operators behind one of the top hospitality groups on this end of the Jersey Shore, Bread+Butter. Read about their pandemic gear shift here.
The August Market Report
It’s hard to believe but its AUGUST! It’s been a hot summer in many ways – not just the 90 degree unrelenting temperatures. Beaches are full – but safely. Restaurants are busy (try getting a reservation without notice) and stores are seeing lots of traffic – safely but busy. And we expect this to go right into September if not later.

August means different things to us this year. With children not returning to in-class learning and parents working remotely, many second home owners are making different plans for the coming months. Vacationers are looking to extend rentals into the September/October time frame. No need to rush home and buy school clothes and supplies this year. From kindergarten to college seniors everyone has different plans for August. 
Local businesses are reevaluating how they will treat the Indian summer season hoping to recapture some of the lost revenue caused from late openings this season. Our local schools are finding registrations for the 2020 school year increasing.

The Seven Mile Island real estate market continues to be explosive. With 25% fewer available single homes compared to 2019 as we began the month of July and 15% fewer townhome/condos we managed to exceed the sales of 2019 by 139%!!! Single homes saw an increase of OVER 123% and condo/townhomes saw an increase of +150%. Avalon had an overall increase of +141% while Stone Harbor saw an increase in units sold of +163%. Days on market have decreased by 25% while average price for the month increased an incredible +195% due to the heavy volume in the upper end market.

The numbers are staggering – TWO oceanfront single home sales over $10.0 million in Avalon. ONE in Stone Harbor with multiple offers listed at $5.7 where a new home will be built. TWO single home sales in the Avalon high dunes listed for $8.6/$8.5 both under contract leading the way for new construction in the future. In July 2019 Avalon saw two oceanfront sales – highest price $7.3.

The bay activity has carried right into July with 7 single sales in Avalon -$6.4 highest price there and one new construction in Stone Harbor listed for $6.7. This bay interest has carried right into Avalon and Stone Harbor Manor with an increase in sales of single homes in both communities. In July 2019 Avalon had no Bayfront sales while Stone Harbor had 3 with $4.450 the highest price for new construction.

Beach block sales in Avalon stood at 4 with highest list price at $6,250,000 while Stone Harbor saw a new construction sale listed at $4.5. – In 2019 the highest beach block sale in July was $4.0 in Avalon.

The investor/developer continues to be aggressive in this market as well. New construction values one block to the beach are trading in the $3.3+ range in both communities. Small homes are being scooped up by the investor for new construction opportunities in all locations.

As we closed the month of July, 11 homes are available under $2.0 million. This market segment is one with the most interest and least amount of homes to purchase. Our second most sought after price point of $2.0-$2,999,000 has only 28 homes available island wide. Our most sought after location –the bay- offers only 15 single homes available island wide, 5 of which are new construction while the beach block location offers 17.
In the condo/townhome market almost 1/3 of the available properties are of the one bedroom resort motel type. One of the most popular property style/locations is the Bayfront townhome in Avalon with only 4 available- 3 of which are new construction in the $2.3 range. In both communities we are in need of new fresh inventory for the pent up demand we are seeing.

The continued record low interest rates combined with the increasing interest from people anxious to divest their financial interests into a second home to escape continues to feed the pace of this market. If you are a seller NOW is the time. I have knowledge, expertise and buyers to help you attain your goal. If you are a buyer NOW is the time to connect with me so that I can be your eyes and ears in this fast pace market. You will only succeed with a trained professional working in your interests.

If I can be of any assistance, please give me a call at (609) 967-0289 or email me today.

Looking forward to seeing you soon.

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
157 16th Street
6 Bed | 6.5 Bath | Fall 2020 Delivery!
(photos of similar home shown)
A popular, tried and true 6 BR, 6 BA floor plan has a new look and feel for 2020. A welcoming front porch and center front door opens to a wide center foyer and hall providing an open view through to the rear of the home. Two bedrooms (one ensuite) and family room overlooking the pool share the first floor. The hardwood staircase opens to a grand second floor great room featuring a fireplace wall with a shiplap trim and vaulted ceiling open to the third floor landing. A private guest bath and four stop elevator access is discreetly located in this second floor hallway away from the living area. The highlight of the kitchen is the expansive stone topped center island. Stainless steel appliances compliment the stone tops and backsplash. Hardwood flooring and paneled wood moldings and trim run throughout the home. The third floor is home to two suites both with private baths and decks. You choose which to make your master as they both offer their own special features. A second laundry is located on this floor along with the final elevator stop. The rear yard will offer a heated pool with paver trim, irrigated privacy landscaping package and plenty of room for your pool and deck chairs. Storage is abundant in the attached garage and large closets throughout. Call Holly Rennie to see list of complete specifications and plans. Home will be ready for Fall 2020 delivery.
403 20th Street
6 Bed | 6 Bath | High Life Bayfront Living
This spectacular Bayfront retreat is the epitome of living the high life on the bay. Located along the quiet waterway overlooking the Cedar Island preserve, this 5,505 square foot four-story home sits on an expansive wide lot. Boaters will love this location with deep water slips (3) and Jet Ski ramp. If views are your pleasure enjoy them from any one of three large bayside decks each with glass railing system providing an uninterrupted view. 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. The outdoor bar is covered in ledger stone and granite. Meant for entertaining, there are multiple televisions, pool table and sitting areas to relax and enjoy. Each of your 5 guest bedrooms on the second and third levels have private custom tile baths while five of them have access to their own decks. The entire fourth level is the master suite with its own bayside living area with deck. The second and third levels are host to immense living areas both with lineal fireplaces that open up to generous size Bayfront decks. The second level family room offers a full entertaining bar complete with full size refrigerator, dishwasher, ice maker, and wine refrigerator all set in custom cabinetry with glass tile backsplash. 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. 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 property is far and away the most unique Bayfront spa retreat you will find on Seven Mile Island.
Featured Vacation Rentals
130 Pelican Drive
5 Bed | 5 Bath | Sleeps 10
45 W. 29th Street
5 Bed | 4 Bath | Sleeps 14
7929 Dune Drive, #211
1 Bed | 1 Bath | Sleeps 4
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