Summer Season Has Arrived

SALES

This past month we saw a small dip as under contracts fell to a total of 17 on the island.  Avalon posted 12 properties under contract while Stone Harbor posted 5 properties that went under contract.  In Avalon's market, the price range is still dominated by those listings that are priced under a million.  This is not the case for Stone Harbor, as all five of the under contracts this month were above $1.3M with three selling in the mid to high $2M range.  We are seeing conflicting selling prices between towns because of the greater inventory in Avalon priced under a Million.  One large bright spot is that new inventory coming on the market is slowing.  We saw inventory levels drop 0.1% this month.  I will continue to monitor inventory levels.  Activity is definitely up which is great, but inventory levels need to continue their downward trend.  This is a telling sign on the stability of our market. 

With our first weekend of the year, we saw a huge influx of people on the island.  The weather was unusually warm and sunny.  Local business owners were pleased with a very busy and profitable kick off the 2011 summer season.  Local tourism is alive and well here in Avalon and Stone Harbor.  Lets hope this great weather continues.

Properties on the market are ready to be shown, please call to set up an appointment to search and preview properties for sale in Avalon and Stone Harbor NJ.  The Seven Mile Island's real estate market is a great place to invest in, all while creating lasting memories for your family.  We are still seeing lifetime low interest rates.  Please visit my website:www.RyanVince.com

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

Rental request are still coming in.  We now shift our attention to last minute rentals for upcoming weeks.  If you are still looking to rent this summer please contact me as fewer and fewer options remain for peak week availability.  Start your searches now on www.RyanVince.com or call me direct at 609.602.0025.  You can also email me at Ryan@RyanVince.com for a full list of possible rentals.