Randy Leiser, Long and Foster Real Estate, Inc., 2997 Dune Drive, PO Box 10, Avalon, NJ 08202
toll-free: 800-967-7796 x212  |  local: 609-967-3001  |  fax: 609-967-3057  |  e-mail: Randy@RandyLeiser.com

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Weekly News 10/18/2018

MARKET STATS: September's median sale price was $1,450,000, up 11% versus a year ago. 55 properties are currently under contract in Avalon & Stone Harbor, up from 36 a year ago. See the latest Long & Foster Market Minute for a detailed update on the market:
 
View The Latest Long & Foster Market Minute Report  |  Download/Print PDF
    
Market Minute - September 2018

BONFIRE ON THE BEACH: Crisp weather made it feel like fall as dozens gathered on the 95th Street beach last Saturday for a bonfire. A crowd started forming around 5pm as beach chairs were set up, kids tossed balls in the sand, and friends socialized; as daylight gave way to darkness the orange glow of flames took over.
 
Stone Harbor Bonfire on the Beach
Stone Harbor's bonfire on the beach was a great way to celebrate the arrival of the fall season!
 
ONE PERCENT=TEN PERCENT: Did you know that a one-point increase in mortgage rates can reduce your purchasing power by roughly ten percent? Consider this example provided by Mike Mento of Prosperity Mortgage, in which the thirty-year fixed interest rate is increased from today's 4.75% level to a hypothetical 5.75% level:

Interest Rate Chart

At the higher interest rate means the same monthly payment supports a mortgage amount that's $55,000 less, reducing buying power. With mortgage rates widely expected to increase, if you're thinking about making a purchase it may be wise to do so now in order to lock in your borrowing costs--and purchasing power--before rates rise. Do you have mortgage financing questions? Call Mike Mento at (609) 839-1203.
 
A LARGE STINGRAY was spotted at the edge of Avalon's beach last week, stuck in very shallow water, and unable to make it back to deeper water on its own. Thanks to the quick thinking of bystanders, and help from the Avalon Police Department, the stingray was helped back into deeper water so it could swim away on its own. 
 
ARIEL IN AVALON! Krysten Green & Chris Rowe recently got married at ICONA Avalon--but it was a surprise for all in the room when Jodi Benson, the voice of "Ariel" in The Little Mermaid, made a special in-person appearance to sing at Chris & Krysten's wedding. Carlisle Videography captured it all right here:  
  
Carlisle Videography - Ariel Was Their Surprise Wedding Singer

 

Upcoming Events:

 

Featured Property:

Beautiful wrap around decks highlight this lovely north-Avalon home!

184189
198 10th Street, Avalon, $2,145,000, ACTIVE MLS#: 184189

 

New Listings:

184467
153 83rd Street, Stone Harbor, $749,000, ACTIVE MLS#: 184467


184415
246 45th Street, Avalon, $1,550,000, ACTIVE MLS#: 184415


184505
178 32nd Street, Avalon, $1,675,000, ACTIVE MLS#: 184505


184484
23 West 12th Street, Avalon, $1,899,000, ACTIVE MLS#: 184484


184521
231 118th Street, Stone Harbor, $1,899,999, ACTIVE MLS#: 184521


184477
167 34th Street, Avalon, $1,999,000, ACTIVE MLS#: 184477


184506
138 20th Street, Avalon, $2,300,000, ACTIVE MLS#: 184506


184427
244 13th Street, Avalon, $2,399,000, ACTIVE MLS#: 184427


184509
149 105th Street, Stone Harbor, $2,495,000, ACTIVE MLS#: 184509


184496
191 77th Street, Avalon, $3,645,000, ACTIVE MLS#: 184496


184416
7688 Dune Drive, Avalon, $3,849,000, ACTIVE MLS#: 184416


184437
43 Flamingo Drive, Avalon, $4,195,000, ACTIVE MLS#: 184437


184489
168 67th ST., Avalon, $7,250,000, ACTIVE MLS#: 184489

 

Properties Under Contract:

184343
10009 Sunset Drive, Stone Harbor, $729,900, UNDER CONTRACT MLS#: 184343


184116
220 85th Street, Stone Harbor, $829,995, UNDER CONTRACT MLS#: 184116


184257
256 34th street, Avalon, $1,050,000, UNDER CONTRACT MLS#: 184257


184051
425 99th Street, Stone Harbor, $1,395,000, UNDER CONTRACT MLS#: 184051


182794
384 E. 40th street, Avalon, $1,450,000, UNDER CONTRACT MLS#: 182794


183865
222 104th Street, Stone Harbor, $1,795,000, UNDER CONTRACT MLS#: 183865


183301
11501 Paradise Drive, Stone Harbor, $2,395,000, UNDER CONTRACT MLS#: 183301


183703
216 6th Street, Avalon, $2,695,000, UNDER CONTRACT MLS#: 183703


184281
282 70th Street, Avalon, $2,699,999, UNDER CONTRACT MLS#: 184281

 

Properties Sold:

178888
7800 Dune Drive, Avalon, $287,000, SOLD MLS#: 178888


183716
7929 Dune Dr., Unit 304, Avalon, $325,000, SOLD MLS#: 183716


183287
7929 Dune Dr., #306, Avalon, $439,000, SOLD MLS#: 183287


181480
700 First Ave., Avalon, $595,000, SOLD MLS#: 181480


180222
328 81st Street, Stone Harbor, $600,000, SOLD MLS#: 180222


183030
54 E. 27th Street - Unit 1, Avalon, $672,000, SOLD MLS#: 183030


183654
66 E. 20th, Unit 110, Avalon, $699,000, SOLD MLS#: 183654


183393
700 Ocean Drive, Avalon, $735,000, SOLD MLS#: 183393


183587
9 E. 21st Street, Avalon, $750,000, SOLD MLS#: 183587


184440
2109 Dune Drive - Unit 2 & 3, Avalon, $1,200,000, SOLD MLS#: 184440


184477
121 27th Street, Avalon, $1,299,000, SOLD MLS#: 182477


183355
4020 Dune Dr., Avalon, $2,195,000, SOLD MLS#: 183355


182314
121 17th Street, Avalon, $2,370,000, SOLD MLS#: 182314


180484
7429 Sunset Drive, Avalon, $2,475,000, SOLD MLS#: 180484


183179
43 Flamingo Drive, Avalon, $3,100,000, SOLD MLS#: 183179


184012
54 W. 34th Street, Avalon, $3,125,000, SOLD MLS#: 184012


183444
4369 Dune Drive, Avalon, $3,800,000, SOLD MLS#: 183444


182720
11610 Second Ave., Stone Harbor, $4,299,000, SOLD MLS#: 182720


183241
1 107th Street, Stone Harbor, $5,300,000, SOLD MLS#: 183241


182849
23 Heron Drive, Avalon, $6,250,000, SOLD MLS#: 182849