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Stone Harbor Finally Sees Signs of
Activity SALES - A
strong number of Under Contracts were recorded this month. Avalon
recorded 9, but the big change was Stone Harbor recording 8 Under
Contracts. This doubled Stone Harbor's total from last month. Of
the 17 total properties on the island that went Under Contract, 11 of them
were under $1M. This price range continues to dominate activity in our
market. Mortgage rates, as low as they are, have started to become
a confidence booster with Buyers. We are now starting to
see interest rates in the low 3's. Low interest rates along with
home values 25-35% off their highs are good reasons to buy. One
interesting note is that we are not seeing a lot of these sellers trading up
into more expensive homes on the island. They are instead trading out
of the market. Even so, I am getting inquiries about seller's
looking to trade up, some willing to take a loss or break even on their
property to move up and gain the appreciation back on a home that is in
a better location. This thought is now starting to run through minds of
homeowners on the island. The trade up scenario was what drove this
market up 5-10 years ago. If this were to happen again, appreciation
would come quicker than we anticipate. Right now seems to be a great
time to buy if you are of the mindset of buying and holding. Properties
on the market are now ready to be shown, please call to set up an
appointment.
to
search and preview properties for sale in Avalon and Stone Harbor
NJ. A Referral is the highest honor I can
receive from a client! Thanks for your confidence in me and please
continue to refer your friends, family, neighbors and co-workers. RENTALS - Each
week we are receiving back rental rates from owners. Please search my website
for potential rentals for next year. For a full list please email me at Ryan@RyanVince.com . We are taking reservation for next year. Call or
email me so I can secure your rental dates and property.
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Other Quick Links *Ocean Front Sales-Stone Harbor *Beach Block
Sales-Stone Harbor
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