PDF On the Island 2016

Transcription

On The Island
Celebrating 30 years!
AVALON STONE HARBOR SEA ISLE CITY
Cover Property
Sale Properties
On The Market
Rentals
Page 3
Pages 4 - 7
Pages 8 - 11
Pages 12 - 15
877.746.7355
609.967.0466
avalonstoneharbor.com
Celebrating 30 years!
Friends & Clients,
As I write this snow is falling (it will probably turn to rain like
it so often does at the shore) and I think ahead to spring and what
always follows, another fun (and work) filled summer on Seven Mile
Island!
But, before we start planning summer ‘16 let’s digest last years
market and its continued positive momentum. In Avalon, single family
sales rose 21% over 2014 and the average sold price was 13% higher.
The Condo/Townhouse market bounced back nicely with 81%
more sales and 10% price increase. In Stone Harbor, single-family
sales and prices were up slightly. Island wide, Beachfront sales grew
by 20%, Beachblock by 27% and Bayfront by a whopping 55%. The
biggest constraint on even greater sales growth continues to be the
lack of inventory as available properties fell yet again, this time by
8.3% compared to 2014.
With spring around the corner, continued low interest rates,
strong demand, strong rental rates and scarcity of supply, now is an
excellent time to market your property. As we have learned (sometimes
painfully) there is no end to history and the business cycle is alive and
well. Please call me to discuss your situation, whether you're ready to
sell or just staying informed, I’d love to help!
R.J. Soens III
Broker/Sales Representative
EXPERIENCE MORE!
877.746.7355
609.967.0466
RJSOENS 2
TH O
EC N
OV
ER
204 45th Street – Avalon
Excellent Opportunity! Just steps to the beach path, this beautiful 2 1/2 story
upside down home was completed in 2005 and offers seashore living at its
finest. The expansive floor plan allows 5 bedrooms, 5 full baths, 2 powder
rooms, fireplace, family room, sitting rooms, an open gourmet kitchen, wet
bar and 3rd floor master suite w/custom tile, multiple mahogany decks
and covered porch and low maintenance exterior make this ready for year
round enjoyment or rental investment. Salt water in-ground fiberglass pool
was added in 2014. Sold furnished less antiques and list to be provided.
$1,950,000
RJSOENS 3
877.746.7355
609.967.0466
EXPERIENCE MORE!
3865 First Avenue – Avalon
Custom 3-story home in Avalon with breath taking Ocean views. Just seconds to the
beach and plenty of room to spread out in this family retreat. With 5 bedrooms (many
with private decks) 5.5 bathrooms 3 family rooms, granite counter, stainless steel
appliances, Brazilian Cherry floors, wet bar, Jacuzzi, steam shower and just steps to the
beach. Great rental potential!
$2,995,000
This well cared for clean 4 bedroom, 2 bath Cape Cod evokes the feeling of the old
shore while providing the conveniences of today. Situated on an oversized 65’ x 110’
corner lot on a street with underground utilities, this home is just steps to a quiet
beach in Avalon’s prestigious south-end. Relax on the screened front porch, on the
large deck off the master bedroom or on the paver patio in the private rear yard. Plenty
of options here….Use and/or rent the existing house or re-develop what is one of the
best available beach block sites.
$1,950,000
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877.746.7355
609.967.0466
RJSOENS 4
Excellent opportunity to enjoy an expansive Oliveri designed 5 bedroom, 4 1/2 bath
upside down home, positioned just 7th from a world class guarded beach. Special features include cathedral ceilings, open kitchen, stainless appliances, family room with wet
bar and detached storage shed. Fully furnished and ready for your family or continue to
benefit from the strong rental income.
$1,549,500
Don't miss this rare opportunity to own just 180' from the Jersey shore's best beaches!
Located just third from the beach surrounded by beautifully designed, top quality new
construction sits this impeccably maintained 5 bedroom upside down style family
vacation home. Whether your plan is personal/family use, rental/investment or redevelopment, it is hard to find a better place to be. Recent sold and current asking
prices of new houses in comparable locations provide compelling evidence as to the
value of this offering!
$2,595,000
RJSOENS 5
877.746.7355
609.967.0466
EXPERIENCE MORE!
New home will be similar to this property
26 W 21st Street - Avalon
“Brand new (summer 2016) 6 bedroom, 6.5 bath beauty!”
$2,350,000
70 Pelican Drive - Avalon
“Avalon’s Popular Lagoon Area! 60’ x 155’ lot!”
$2,600,000
130 Meadowview Road – Avalon Manor
“BAYFRONT "SUPERSIZED". This Avalon Manor, 3 story single
family home features 5 bedrooms, 2 full baths and 2 half baths.”
$699,000
6640 Ocean Drive - Unit C-N- Avalon
“Family sized 3 story Townhome with beautiful bay views!”
$1,445,000
5049 Ocean Drive - Avalon
“Don’t miss the best 5 Bedroom single family
value on the island!”
$989,000
“This 3 bedroom, 2 1/2 bath two-story is steps to family recreation, 2
blocks to the beach and within walking distance to shops & dining.”
$635,000
1471 Ocean Drive – Avalon
“North Avalon fee simple townhouse with
beautiful bay views!”
$675,000
8811 Third Avenue - Unit 4 - Stone Harbor
“This three bedroom, one bath condo is located in the
historic Harborview Condominiums.”
$479,000
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877.746.7355
609.967.0466
RJSOENS 6
150 96th Street, Unit 1, Stone Harbor
“Ideally located Condo in Stone Harbor.”
$525,000
4 Pebblebrook Lane – Swainton
“What a Special Property! Nestled on a Manicured Acre with
Mature Landscaping in Highly Desirable Brookridge Farms.”
$499,000
637 Spruce Avenue - Unit A - North Wildwood
"Family sized 3 story Townhome with
beautiful bay views!"
$439,900
168 Tyler Road - Dennisville
“Two Story Executive home built on
almost 12 acres of remarkable wooded land!”
$499,999
6 Montauk Court - Lower Township
“Close to Cape May’s beaches, restaurants and shopping!”
$330,000
8 Langford Boulevard – Cape May Court House
“Take advantage of this remarkable opportunity to reside
at Cape May County's elite address.”
$169,000
Trim size:
5.5 x 2
Need options for upscale financing?
We’ll help you move ahead with your home
financing goals with our:
• Expanded loan limits
• Experience in high end real
estate transactions
• Jumbo financing, condos and second homes
Call today!
Kirk George
2605 Shore Rd, Northfield, NJ 08225
866-493-4665
[email protected]
NMLSR ID 404179
Print ad
Uncoated
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2013 Wells Fargo Bank, N.A.
All rights reserved. NMLSR ID 399801. AS1065792 Expires 5/2016
RJSOENS 7
877.746.7355
609.967.0466
EXPERIENCE MORE!
On The Market 2015
SINGLE FAMILY SALES BY LOCATION
BEACHFRONT
Avalon single family units were up by
21.6% while condo/townhome unit
sales rose by 81% in 2015. The single
family median price was up by 10.4%
while the Condo/Townhouse median
price rose by 6.3%
SALES
Stone Harbor single family units were
up by 2.8% while condo/townhome
units fell by 22% in 2015. Median single
family prices rose by 1.5% while Condo/
Townhome median price fell by 2.6%.
-14%
-8.8%
Average Price
Median Price
BEACHBLOCK
AVG. PRICE
MEDIAN PRICE
2014 2015
2014
2015
2014
2015
Beachfront
Avalon
3 6 $4,966,667 $4,275,000 $3,950,000$3,600,000
Stone Harbor
2 -$4,308,334
- $4,308,333
TOTAL
5 6 $4,703,333 $4,275,000 $4,116,667$3,600,000
Beachblock
Avalon
18 23 $2,305,500 $2,510,173 $2,107,500$2,425,000
Stone Harbor
11 14 $2,433,973 $2,536,071 $1,950,000$2,525,000
TOTAL
29 37 $2,224,973 $2,519,972 $2,000,000$2,450,000
Bayfront
Avalon
20 31 $2,509,500 $2,323,951 $1,878,500$1,925,000
Avalon Manor
5
6
$717,500
$524,333
$717,500
$455,000
Stone Harbor
9 15
$436,250 $2,060,416 $1,825,000$1,925,000
Stone Harbor Manor 2
4
$1,810,556
$538,250
$375,000
$188,000
TOTAL
36 56 $1,594,632$1,932,995 $1,630,000$1,762,500
+8.8%
+15%
Average Price
Median Price
BAYFRONT
-7.4%
Average Price
+2.4%
Median Price
PRICE RANGE
2014
NUMBER OF SALES
Beachfront
Up to $2 million
$2 million to $2,999,999
$3 million to $3,999,999
$4 million to $4,999,999
$5 million to $5,999,999
$6 million and up
TOTAL
BEACH FRONT: Sales were up by 1 unit. The average price fell by 14 %
while the median price was lower by 8.8%.
BEACH BLOCK: Sales were up by 7 percent while the average price
rose by 8.8%. The median price rose by 15%.
BAY FRONT:
Island sales were up by 20 units. Bayfront median prices
rose in Avalon by 2.4% while the median price in Stone
Harbor fell by 2.6%.
Beachblock
Up to $2 million
$2 million to $2,999,999
$3 million to $3,999,999
$4 million to $4,999,999
$5 million and up
TOTAL
Bayfront
Up to $2 million
$2 million to $2,999,999
$3 million to $3,999,999
$4 million to $4,999,999
$5 million and up
TOTAL
0
0
2
2
0
1
5
0
1
3
0
1
1
6
15
10
5
1
0
31
9
17
10
1
0
37
26
7
3
0
0
36
36
10
5
5
0
56
AVALON TRENDS
STONE HARBOR TRENDS
SINGLE FAMILY
SINGLE FAMILY
+13%
+21.6%
Sales
Average Price
+10.4%
Median Price
+81%
Sales
EXPERIENCE MORE!
Sales
Average Price
+1.5%
Median Price
CONDO/TOWNHOUSE
+10.2%
+6.3%
Average Price
Median Price
877.746.7355
-11%
+3.5%
+2.8%
CONDO/TOWNHOUSE
2015
609.967.0466
-22%
Sales
-5.4%
-2.6%
Average Price
Median Price
RJSOENS 8
2014 - 2015 Market Analysis
FOR SALE
MARKET HISTORY
Year
Units Sold Avg. Sale Price
2015 274$1,449,218
2014209$1,373,566
2013194 1,224,331
2012227 1,191,051
2011
189
1,214,889
2010159 1,171,260
2009158 1,179,811
AVALON
2008166 1,567,662
SALES
2007165 1,613,000
IN
ALL
2006158 1,883,000
CATEGORIES
2005302 1,458,342
2004
351
1,348,000
2003313 988,191
2002344 756,565
2001245 711,553
2000314 665,200
1999348 455,100
1998348 357,500
1997354 356,300
1996290 285,451
1995262 303,111
1994214 285,498
1993202 305,715
1992230 300,807
1991220 303,790
1990224 339,660
1989256 318,270
1988389 281,370
1987315 214,750
1986286 191,450
Avg. Annual
1985231 267,450
1984226 158,890 Increase = 6.8%
1983
228
158,160
1982
233
154,890
Avalon/Stone Harbor (Properties available as of 1/30/2016)
LISTINGS
Single Family
Avalon
Avalon Manor
Stone Harbor
Stone Harbor Manor
SUB TOTAL
Lots/Land
Avalon
Avalon Manor
Stone Harbor
Stone Harbor Manor
SUB TOTAL
AVG. MED.
DOM
92
19
75
5
191
$2,484,235
$601,336
$2,270,258
$571,200
$2,162,829
$2,037,500
$549,000
$1,895,000
$672,500
$1,849,000
273
351
255
298
282
8
11
6
3
28
$1,421,987
$565,445
$2,195,500
$351,333
$1,136,528
$1,199,000
$450,000
$2,324,500
$279,999
$712,450
122
352
91
148
209
4
8
12
$1,349,000
$1,600,625
$1,516,750
$1,449,000
$1,387,000
$1,424,000
1324
280
628
28
38
3
69
$542,099
$488,794
$726,000
$520,738
$524,500
$497,000
$729,000
$520,000
191
199
172
195
35
7
42
$841,094
$809,000
$835,857
$750,000
$849,900
$759,500
176
422
217
$1,561,875 $1,137,500
262
Multi-Family
Duplex
Avalon
Stone Harbor
SUB TOTAL
Condo
Avalon
Stone Harbor
Stone Harbor Manor
SUB TOTAL
Town House
Avalon
Stone Harbor
SUB TOTAL
TOTAL ACTIVE LISTINGS
342
836%
ALL SALES
Inventory levels continue to drop while sales continue
at a high level compared to the bottom of the market
in 2010.
+4.9%
+18.3%
Sales
Units
Avg. Price
2014
2015
605
716
$ 1,019,724
$ 1,069,579
-0.6%
Average Price
Median Price
Median Price
$ 780,000
$ 775,000
Sold vs Expired Listings
SOLD VS.Avalon & Stone Harbor inc. Manors
EXPIRED
LISTINGS 2008 to 2015
900
816
800
(Includes single family, lots/land, commercial, multi-family, condominium/
townhouse in Avalon, Avalon Manor, Stone Harbor, Stone Harbor Manor,
Sea Isle City)
700
600
572
519
540
500
386 362
400
300
224
214
276
228
429
339
314
362
282
245
200
Sold listings continue to outpace expired listings again
in 2015. This continues to signal a stronger market for
sellers compared to the bottom of the market in 2010
when almost 3 listings expired for each sold.
RJSOENS 9
100
0
2008
2009
2010
2011
Sold Listings
877.746.7355
2012
2013
2014
2015
Expired Listings
609.967.0466
EXPERIENCE MORE!
Avalon Q4 At A Glance
SINGLE FAMILY
TOP
SALE
Compared to Q4 2014, 8 fewer single family properties were
sold this quarter. Prices continued to rise, however, with the
median sales price growing by almost 18%. Low inventory
continues to constrain sales.
$4,400,000
SINGLE FAMILY
187 68th Street
is a 5 Bedroom,
5 1/2 Bath
Beachfront
property on a
65’x110’ lot
which sold on
December 28th.
Q4 2014
Number of Sales
Q4 2015
41
33
Average Sales Price
$1,629,658
Median Sales Price
$1,400,000
$1,870,163
+14.7 %
$1,650,000
+17.8%
229
306
CONDO / TOWNHOUSE
Compared to Q4 2014, Condo/Townhouse sales grew by
10.5%. The average sale price grew by 32.2%! Days on
Market dropped by 7.76%.
CONDO/ TOWNHOUSE
Number of Sales
Q4 2014
Q4 2015
19
Average Sales Price
$601,394
Median Sales Price
$570,000
Days on Market
877.746.7355
219
609.967.0466
+33.6 %
TOP
SALE
$1,400,000
% CHANGE
21
+10.5 %
$795,047
+32.2 %
$710,000
+24.5%
202
-7.76 %
EXPERIENCE MORE!
-19.5 %
Days on Market
% CHANGE
657 E. 24th Street
is a 4 Bedroom,
4 Bath Bayfront
2,400 sq. ft.
Townhouse that
sold on
October 27th.
RJSOENS 10
Stone Harbor Q4 At A Glance
SINGLE FAMILY
TOP
SALE
Single Family sales decreased by two properties compared
to Q4 2014 while the average sale price rose by over 20%.
Demand once again was strong in Q4 2015 with low
inventory limiting further sales growth.
SINGLE FAMILY
Q4 2014
Number of Sales
Q4 2015
$5,750,000
% CHANGE
19
-9.52 %
$2,057,631
+21.1 %
$1,795,000
+22.1%
21
9913 Sunset Drive
is a 6 Bedroom,
21/2 Bath
Bayfront property
on a 120’ x 110’
lot that sold on
November 23rd.
Average Sales Price
$1,593,261
Median Sales Price
$1,470,000
Days on Market
191
CONDO / TOWNHOUSE
TOP
SALE
Condo/Townhouse sales surged by 16 properties compared
to Q4 2014. This represents a gain of 51.6%! The average
sale price grew by 8.4%. Days on Market fell by almost 10%.
$839,000
CONDO/ TOWNHOUSE
220 99th Street
is a 4 Bedroom,
21/2 Bath Condo
that sold on
October 13th.
Q4 2014
Number of Sales
Q4 2015
31
47
% CHANGE
+51.6 %
Average Sales Price
$1,590,435
Median Sales Price
$1,540,000
Days on Market
RJSOENS 11
+18.3 %
234
261
877.746.7355
$1,724,253
+8.4 %
$1,565,000
+1.6%
235
609.967.0466
-9.97 %
EXPERIENCE MORE!
VACATION
View hundreds of great vacation properties.
5909 Dune Drive, Avalon
5 bedrooms & 3 bathrooms
Sleeps 10
3769 Ocean Drive, Avalon
Sleeps 14
284 86th Street, Stone Harbor
3 bedrooms & 1 full, 1 half bathrooms
Sleeps 6
55 W. 32nd Street, Avalon
Sleeps 6
Sleeps 8
75 W. 37th Street, Avalon
Sleeps 10
19 Seabreeze Avenue, Avalon Manor
Sleeps 8
1879 Avalon Avenue, Avalon
Sleeps 12
5 bedrooms & 4 full, 1 half bathrooms 4 bedrooms & 4 full, 2 half bathrooms
Sleeps 12
Sleeps 10
Sleeps 11
103 30th Street, Avalon
2 bedrooms & 1 bathroom
Sleeps 4
14 93rd Street, Stone Harbor
Sleeps 10
Sleeps 12
4525 Fourth Avenue, Avalon
Sleeps 11
Sleeps 10
Sleeps 12
10 Seagull Drive, Avalon
Sleeps 10
6 Marine Way, Avalon
Sleeps 6
53 W 8th Street, Avalon
Sleeps 8
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RJSOENS 12
RENTALS
Sleeps 8
Sleeps 12
55 32nd Street, Avalon
Sleeps 6
Sleeps 8
65 E 15th Street, Avalon
Sleeps 12
Sleeps 8
Sleeps 6
Sleeps 7
Sleeps 10
Sleeps 10
46 E 17th Street, Avalon
Sleeps 12
Sleeps 8
66 E 20th Street Unit 208, Avalon
6 bedrooms & 5 full, 1 half bathrooms 3 bedrooms & 2 full, 1 half bathrooms 4 bedrooms & 2 full, 2 half bathrooms
Sleeps 4
Sleeps 10
Sleeps 14
Sleeps 8
2108 Ocean Drive 1st Floor, Avalon
Sleeps 6
Sleeps 12
Sleeps 9
RJSOENS 13
877.746.7355
Sleeps 10
609.967.0466
EXPERIENCE MORE!
VACATION
23 W. 21st Street, Avalon
Sleeps 8
Sleeps 8
Sleeps 11
138 29th Street Front Unit, Avalon 449 22nd Street Rear Unit, Avalon
Sleeps 8
Sleeps 6
65 E 23rd Street, Avalon
Sleeps 12
Sleeps 6
2828 Avalon Avenue Unit 4, Avalon 2828 Avalon Avenue Unit 8, Avalon
Sleeps 4
Sleeps 4
74 W 22nd Street, Avalon
Sleeps 10
Sleeps 8
Sleeps 6
Sleeps 6
55 32nd Street Unit 1, Avalon
Sleeps 8
271 33rd Street, Avalon
Sleeps 9
273 33rd Street, Avalon
Sleeps 11
3460 First Avenue, Avalon
Sleeps 12
373 39th Street East Unit, Avalon
Sleeps 10
Sleeps 6
325 41st Street, Avalon
Sleeps 9
EXPERIENCE MORE!
877.746.7355
609.967.0466
RJSOENS 14
RENTALS
Sleeps 10
Sleeps 9
Sleeps 10
Sleeps 10
Sleeps 6
Sleeps 6
Sleeps 8
Sleeps 8
4028 Ocean Drive 2nd Floor, Avalon
5 bedrooms & 4 full, 1 half bathrooms 3 bedrooms & 2 full, 1 half bathrooms 6 bedrooms & 5 full, 1 half bathrooms
Sleeps 6
Sleeps 12
Sleeps 13
Sleeps 12
8330 Second Avenue, Avalon
Sleeps 12
RJSOENS 15
1148 First Avenue, Avalon
Sleeps 7
Sleeps 12
Sleeps 8
Sleeps 6
877.746.7355
Sleeps 8
Sleeps 6
5 bedroooms & 4 full, 1 half bathrooms
Sleeps 11
609.967.0466
EXPERIENCE MORE!
Serving
30th & Dune Drive
Box 10, Avalon NJ 08202
The information represented in this publication may not be copied in whole or in part or stored
in any manual, mechanical or electronic retrieval system without the written permission of
Franzeo Graphics. Neither Roger J. Soens III,Long & Foster Real Estate INC., or Franzeo
Graphics is responsible for misprints, typographical errors, or any other errors in content.
NEW YEAR, NEW SITE
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PDF On the Island 2016

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