Avalon Real Estate Blog Archives
LUXURY MARKET CONTINUES MARKED IMPROVEMENT
September 29, 2011IN THE LUXURY SECTOR, “the recession is a memory,” according to an Associated Press article that appeared earlier this week. In our real estate market, the 39% year-to-date increase in sales is certainly a positive sign supporting that statement. In fact, high end sales over $3 million have more than tripled from 4 last year, to 14 over [...]
STONE HARBOR / AVALON MARKET STILL WAY UP
September 23, 2011There have been 188 properties sold in the local market through September 15, up 39% over last year’s 135 sales during the same time frame. This year’s average sale price of $1,340,304 is up 9.0% over last year’s average price of $1,228,932, while this year’s median price of $897,500 is down 14.5% from last year’s [...]
TEARDOWNS CONTINUE STRONG PACE
September 23, 2011“TEARDOWNS” remain an important part of the market. In Avalon, 29 homes were demolished through August of this year, compared to 45 for all of last year. 38 construction permits were issued through August of this year, compared to 48 for all of last year. The fall months are popular for teardowns and construction “starts”, [...]
