Avalon Real Estate Blog Archives
IRENE CAUSES LITTLE DAMAGE
August 31, 2011Hurricane Irene, an enormous storm whose eye passed just east of Avalon, Stone Harbor, and Sea Isle City, caused inconvenience but, thankfully, little damage. Mandatory evacuations began for the barrier islands on Thursday afternoon, followed by mandatory evacuations for all of Cape May County on Friday. An estimated 90% of those in the county left during [...]
HURRICANE IRENE – A TIMELINE OF EVENTS
August 29, 2011- A state of emergency was declared in every state on the east coast of the US as Hurricane Irene moved northward from the Caribbean. – On Wed., 8/24 Avalon Mayor Pagliughi advised all visitors and non-residents to voluntarily leave the island before an evacuation order was to be issued, in order to avoid an [...]
MARKET STATS – JULY 31, 2011
August 3, 2011From January 1 through July 31 the local market saw 158 properties sell, up 52% over the same period last year. This year’s average sale price was $1,277,927, up 3.4% over last year, while the median price was $869,750, down 14%. The large drop in the median price resulted from an increased number of sales in the [...]
WALL STREET JOURNAL – TIME TO BUY VACATION HOMES!
August 3, 2011“If you have the money and plan on staying put for the long term, now may be a good time to buy,” according to a July 23rd Wall Street Journal Article. Reduced prices and years of pent up demand have lifted interest in vacation homes in markets across the country, including Aspen, CO, The Hamptons, [...]
MARKET WAY UP FIRST HALF OF 2011
August 3, 2011During the first half of 2011, 137 properties sold in the local market, a whopping 42% increase over the 96 properties sold during the first half of 2010. The average sale price was $1,354,019, up 10.6% over last year’s average price of $1,223,967.
