The sun has set on the busiest part of the summer season, but as many of you already know, NOW is one of the best times of year to enjoy everything our magical island has to offer. September and October offer gorgeous weather, warm water, blue skies and plenty of great events for everyone to enjoy. In fact, take a look at some of the areas best events coming to Avalon & Stone Harbor, including the Fall Migration Festival at The Wetlands Institute, the 9th Annual Wine, Beer & Food Festival in Stone Harbor, the start of the monarch butterfly migration season and much more. The rental rates are also greatly reduced, making this the perfect opportunity to enjoy everything the beach has to offer for much lower prices. Call me at (609) 967-0829 to book your second season getaway! We have some amazing properties still available that I know you will love.
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The Avalon Seafood Festival Takes Place October 12th & 13th
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Stone Harbor's 8th Annual Wine, Beer & Food Festival
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Bring the whole family and enjoy tasting tents, a grape stomping competition, live music, art vendors and much more.
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Be On The Lookout For The Monarch Migration!
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A newly created habitat in Avalon will provide a resting point for migrating birds and pollinators this season, which is starting now!
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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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The September Market Report
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September 2019 has proven to be a much better month of weather than 2018 with our typical amazing weather and lots of families still in town to enjoy beaches and favorite restaurants. While the sales activity has been consistent and new inventory selling as it hits the market, the pace is nowhere near the 22 homes we placed under contract in the first 8 days of September 2018 – 22 homes went pending in that time frame compared to 8 September 2019.
August 2019 fell slightly short of 2018 sales performance by 4 sales. This shortfall was felt in single homes and condos in the Avalon market while Stone Harbor out performed 2018 in both categories for the month. In the upper end Avalon saw 2 beach block sales ($3,695,000 highest sale price) and 5 bay front sales ($6,250,000 highest sale price). When inventory is available Avalon sales on the bay continues to outperform the beach block. Stone Harbor saw 4 upper end sales – all on the beach block with highest sale price $4,695,000.
Inventory levels continue to build as we go thru September with 10 new listings in both communities. Two of these listings, both townhomes, went pending within days of listing.
Interest rates continue to increase the buyers purchasing power with reduced rates as low as 3.250 for conforming jumbo loans and 2.5% for a 7/1 arm. This product makes a tremendous amount of sense for the buyer who is making their first investment in the market and will be trading to a different home within 7 years. The buyer looking to cover their expenses with rental income has reduced mortgage expenses as a result of these low interest rates.
The astute buyer will be paying attention to the new listing activity as we expect to see more new homes on the market in the next 30 days. Ideally if you are in the market you are receiving auto updates that hit your email as the listings hit. OR better yet, connect with an agent who often knows of new opportunities before the list online.
The astute seller will also pay attention. IF currently listed and seeing showings but no offers, your price or condition or both is the issue. Adjust now. If you are not seeing showings then the answer is definitely these are both in need of being addressed. Make improvements/adjustments immediately. IF not listed at all and looking to sell get into the market today! September and October are traditionally great opportunities for both buyers and sellers.
If I can be of any assistance, buying, selling, or renting please call/email me today. There is no time like the present to take advantage of this market place!
Best,
Holly C Rennie
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Finally Make Your Dream Home A Reality When You Have Our Expert Agents By Your Side!
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This Week's Featured Listings
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10529 3rd Ave, Stone Harbor
5 Bed | 6 Bath | Bayfront
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This stunning home on the bay in Stone Harbor is close to town and the beaches and offers incredible views from every level. The well-equipped kitchen is a chef's dream and the custom cabinetry and high-end finishes bring a sense of sophistication and elegance throughout. The amazing waterfront access includes three large floating docks with plenty of room for all of your water toys and an amazing outdoor entertaining area to enjoy the sunsets from this gorgeous home. This one-of-a-kind home also boasts a rooftop deck for panoramic views of the island. This is truly a "must see" home for anyone looking for waterfront elegance in Stone Harbor. Call (609) 967-0289 to schedule your private showing or contact us by clicking the button below to learn more.
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173 33rd St, Unit #3,Avalon
3 Bed | 2 Bath | Steps To Beaches
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This bright and airy second floor unit at the Sunrise Condominiums just hit the market and will go fast! Conveniently located just a block and a half to the beach only having to cross First Avenue to be on the beach block. The location also allows for an easy walk in to town, shopping and dining while also being a block from the bay and an easy walk to recreation and tennis. This beautiful home offers vaulted ceilings with plenty of natural light throughout and off street assigned parking. Homes in this building have a terrific rental history in a location where you primarily find single family homes, which makes this a unique opportunity to be so close to the beach at a great price. Don't miss out on this great opportunity — contact our team today to schedule your private showing!
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Featured Vacation Rentals
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6 Flamingo Drive, Avalon
6 Bed | 4 Bath | Sleeps 12
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1269 First Avenue, Avalon
5 Bed | 5.2 Bath | Sleeps 10
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6428 Ocean Drive South, Avalon
5 Bed | 4 Bath | Sleeps 10
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1668 Ocean Drive B-1, Avalon
3 Bed | 2 Bath | Sleeps 6
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Philadelphia Style
Names The Most Instagrammable Spots Down The Shore
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See Which Avalon Beach Was Named The Perfect Place To Snap A Pic For Your Social Media
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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
- September 11th: Stone Harbor 9/11 Remembrance Ceremony, Freedom Park, 11am
- September 14th: Big Band Dance, Avalon Community Hall, 7pm
- September 15th: American Legion Post 331 Annual Spaghetti Dinner, Stone Harbor Yacht Club, 4:30pm
- September 21st: Garden Club of Stone Harbor Biennial Flower Show, Stone Harbor Elementary School, 11:30am
- September 21st: Fall Migration Festival, The Wetlands Institute, 9:30am
- September 21st: Savor September 8th Annual Food, Wine & Beer Festival, 96th Street Shopping District, 12pm
- September 28th: Mayors Cup Bocce Tournament, 39th Street Park, 10am
- September 28th: APAC Concert: Jerry Blavat, The Geater with the Heater, Avalon Community Hall, 6:30pm
- October 12th-13th: Avalon Chamber Seafood Festival, 30th Street Parking Lot, 10am
- October 13th: Stone Harbor Garden Club Fashion Show, Yacht Club of Stone Harbor, 11:30am
Upcoming Events at the Avalon Recreation Center
- Mondays: Aerobics, 9am
- Mondays: Character Night, Surfside Park, 6:30pm-8:30pm
- Mondays: Line Dancing, 1:30pm-3pm
- Mondays: Sit and Be Fit, 11:15am-12pm
- Tuesdays: Beach Movie, 30th Street Beach, Dusk
- 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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