"IN 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. High-end sales over $3 million have more than tripled
from 4 last year to 14 this year. The increased demand for shore
properties has been driven by realistic prices and extremely low
interest rates.
JAPANESE BLACK PINE PROGRAM CLARIFICATION: Avalon property owners
wishing to explore the removal of Japanese Black Pines should contact
the Avalon Business Administrator first to discuss the program. Call
the Borough of Avalon at 609-967-8200 and ask for the Administrator's
office if interested in the program. (Last week we incorrectly
instructed property owners to contact Lomax Consulting Group.) Thank
you to Andrew Bednarek, Business Administrator, for clarifying this for
us.
BULK TAX LAW REPEALED: The New Jersey Division of Taxation began
applying its bulk tax requirements to the sale of vacation and rental
properties last year. The law required the filing of forms prior to the
sale of a property, and required property sellers to escrow any tax
money deemed necessary by the state. NJ Governor Christie recently
signed a bill exempting single- and two-family homes, including seasonal
rental properties, from the bulk tax process. According to Christie,
the repeal will "boost New Jersey's real estate market and cut red
tape."
READY TO MAKE YOUR own seashore memories? Contact us to get started!
Whether you're ready to purchase, or just beginning to consider it,
please give us a call!
UPCOMING EVENTS:
Avalon Chamber of Commerce Seafood Festival, next to Community Hall,
Saturday & Sunday, October 8 & 9.
New Listings:
9511 Sunset Drive, Stone Harbor, $279,000.00 Active MLS#: 142141
578 Old Avalon Blvd., Avalon Manor, $279,000.00 Active MLS#: 142143
731 Stone Harbor Boulevard, Stone Harbor, $349,000.00 Active MLS#:
142149
351 96th, Stone Harbor, $399,000.00 Active MLS#: 142115
247 88th Street B (Rear House), Stone Harbor, $549,000.00 Active MLS#:
142154
700 First Ave, Avalon, $559,000.00 Active MLS#: 142160
266 83rd Street, Stone Harbor, $699,000.00 Active MLS#: 142185
284 23rd Street, Avalon, $950,000.00 Active MLS#: 142158
10415 Second Avenue, Stone Harbor, $1,499,000.00 Active MLS#: 142159
3638 First Avenue, Avalon, $1,599,000.00 Active MLS#: 142104
166 7th Street, Avalon, $1,725,000.00 Active MLS#: 142174
9600 Third Avenue, Stone Harbor, $1,800,000.00 Active MLS#: 142112
414 7th Street, Avalon, $1,825,000.00 Active MLS#: 142142
12 104th St., Stone Harbor, $3,950,000.00 Active MLS#: 141448
Properties Sold:
3827 Ocean Drive, Avalon, $310,000.00 Sold MLS#: 138496
393 22nd Street, Avalon, $550,000.00 Sold MLS#: 132923
6669 Ocean Drive, South Unit, Avalon, $685,000.00 Sold MLS#: 137497
10601 Second Avenue, Stone Harbor, $725,000.00 Sold MLS#: 137403
238 75th Street, Avalon, $1,100,000.00 Sold MLS#: 108256
234 32nd Street, Avalon, $1,150,000.00 Sold MLS#: 133688
64 E 14th Street, Avalon, $1,575,000.00 Sold MLS#: 139749
39 E 25th Street, Avalon, $1,800,000.00 Sold MLS#: 132367
