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

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’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:

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:
  • Tea & Memories of Avalon, Avalon History Center, 11AM-Noon, Thursday, October 18
  • Apple Computers, iPads & iPhones, Drop In Tech Workshop, help with questions regarding your computer, iPad, software or an app, 5-7:30PM, Avalon Free Public Library, Thursday, October 18
  • Avalon Dune Grass Planting & Clean Ocean Action Beach Sweep, Avalon Community Hall, 8:30AM, Saturday, October 20 (Rain Date is Sunday, October 21)
  • Stone Harbor Fall Beach Sweep, volunteers meet at the Stone Harbor Beach Patrol Parking Lot on 95th Street, 9AM-12:30PM, Saturday, October 20
  • Creative Writing Seminar, tips & feedback on poetry, memoirs, short stories, articles & books, call 609-967-7155 to register, Avalon Free Public Library, 10AM-Noon, Saturday, October 20
  • Pumpkin Fest & Share the Harvest Food Drive, Historic Cold Spring Village, 10AM-4PM, Saturday, October 20
  • Ghostly Tales & Music, Avalon Free Public Library, 3:30-4:30PM, Saturday, October 20
  • Turn In of Expired or Unused Medication for Safe Disposal, Avalon Police Department, 10AM-2PM, Saturday, October 27
  • Boo at the Cape May County Zoo, games, inflatable obstacle course entertainment, animals, pirate ship, costume contest, 10AM-2PM, Saturday, October 27
  • Stone Harbor’s Kids’ Harvest Festival, trick or treating in the shops, hayrides, pumpkin decorating & more throughout the 96th Street Shopping District, 11AM-4PM, Saturday, October 27
  • Avalon’s Trunk or Treat, Avalon’s 30th Street Parking Lot & Community Hall, 5-7PM, Saturday, October 27
  • Trick or Treat Night, 5-8PM, Avalon & Stone Harbor, Wednesday, October 31
  • Ghoul Spring Village Event, Historic Cold Spring Village, 7-10PM, Friday & Saturday, November 2 & 3
  • Lecture & Slide Show on Lost Cape May County chronicling hotels, churches, train stations, etc. that no longer stand led by architectural historian Joan Berkey, Avalon History Center, 1-2PM, Saturday, November 3
  • Carry on The Songs of Crosby, Stills, Nash & Young Concert, Harbor Square Theater, doors open at 8:30PM, Saturday, November 3
  • Avalon Home & Land Owners Association Monthly Meeting featuring guest speaker Scott Wahl, Boro Business Administrator, Avalon Senior Center, 10-11:30AM, Saturday, November 10
  • Big Band Dance featuring Tony DeLuca, Avalon Community Hall, 7PM, Saturday, November 10
  • American Legion Post #331 Veterans’ Day Ceremony, Veterans Plaza in Avalon, 11AM, Sunday, November 11
  • Stone Harbor’s American Legion Veterans’ Day Ceremony, 11617-2nd Avenue, Noon, Sunday, November 11

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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