2017 SALES IN STONE HARBOR

Posted February 9th 2018

2017 SALES IN STONE HARBOR

• 2017 SALES IN STONE HARBOR 140 Total Units SOLD * $224,255,810 Total Dollar Volume

• 5.4% decrease in real estate units SOLD - down from 148 in 2016

• 12.7% increase in total $$$$ volume - up from $198,954,025 in 2016 Average Sale Price of all Stone Harbor properties in 2017 was $1,601,827

• 19.2% increase - up from $1,344,283 in 2016 Median Sale Price of all Stone Harbor properties in 2017 was $1,330,000 • 27.6% increase - up from $1,042,500 in 2016 SINGLE FAMILY HOMES: 83 Units SOLD * $177,166,748 Total Dollar Volume

• 0.0% increase in units SOLD – same number 83 in 2016

• 19.1% increase in $ volume - up from $148,743,250 in 2016 Average Sales Price: $2,134,539 an increase of 19.1% - up from $1,792,087 in 2016 Median Sales Price: $1,789,450 an increase of 10.5% - up from $1,620,000 in 2016

• 83 of the 140 properties SOLD in 2017 were Single Family Home units

• 59.3% of all units SOLD

• 79% of the total $ volume SOLD Range in Single Family Home Sale Prices: $ 350,000 (7 Weber Court Cottage on 30x35’ lot) $ 6,770,000 (3 84th Street – Beach Front Home on 75x110’ lot))

• 11 Single family properties sold under $1,000,000

• 15 Single family properties sold between $1,000,000 - $1,499,999

• 20 Single family properties sold between $1,500,000 - $1,999,999

• 22 Single family properties sold between $2,000,000 - $2,999,999

• 5 Single family properties sold between $3,000,000 - $3,999,999

• 10 Single family properties sold between $4,000,000 - $6,770,000 CONDOMINIUMS/TOWNHOUSES: 43 Units SOLD *$25,803,187 Total Dollar Volume

• 12.2% decrease in units SOLD - down from 49 in 2016

• 15.9% decrease in $ volume – down from $30,668,175 in 2016 Average Sales Price: $600,074 a decrease of 4.12% - down from $625,881 in 2016 Median Sales Price: $529,000 a decrease of 23.33% - down from $690,000 in 2016

• 43 of the 140 properties SOLD in 2017 were Condominium/Townhouse units

• 30.7% of all units SOLD

• 11.5% of the total $ volume SOLD Range in Condominium/Townhouse Sale Unit Prices: $ 245,500 (351 96th Street Unit 103 – Hall Harbor Condominiums) $ 1,625,000 (330 87th Street East Unit – New Construction Town House) MULTI-FAMILY: 7 Units SOLD * $8,220,000 Total Dollar Volume

• 40% increase in units SOLD - up from 5 in 2016

• 55.8% increase in $ volume – up from $5,275,000 in 2016 Average Sales Price: $1,174,285 an increase of 11.3% - up from $1,055,000 in 2016 Median Sales Price: $940,000 a decrease of 14.55% - down from $1,100,000 in 2016

• 7 of the 140 properties SOLD in 2017 were Multi-Family units

• 5% of all units SOLD • 3.67% of the total $ volume SOLD Range in Multi Unit Sale Prices: $ 700,000 (10918 Third Avenue – Duplex on 40x55’ lot) $2,475,000 (12 105th Street – Beach Block Duplex on 50x110’ lot) LOTS: 6 Units SOLD * $12,508,125 Total Dollar Volume

• 33.3% increase in units SOLD up from 4 in 2016

• 23.96% increase in $ volume up from $10,090,100 in 2016 Average Sales Price: $2,084,687 a decrease of 17.4% - down from $2,522,525 in 2016 Median Sales Price: $2,116,562 an increase of 18.74% - up from $1,782,500 in 2016 • 6 of the 140 properties SOLD in 2017 were Building Lot units

• 4.3% of all units SOLD

• 5.58% of the total $ volume SOLD Range in Lot Unit Sale Prices: $ 500,000 (8120 Third Avenue 35x110’ lot) $3,450,000 (7 86th Street – 2nd From Beach 60x110’ lot) COMMERCIAL/RETAIL: 1 Units SOLD * $557,750 Total Dollar Volume

• 600% decrease in units SOLD - down from 7 in 2016

• 86.65% decrease in $ volume SOLD - down from $4,177,500 in 2016

• 1 of the 140 properties SOLD in 2017 was a Commercial/Retail unit

• 0.25% of all units SOLD

• 0.25% of the total $ volume SOLD Sales included in this report as reported by Cape May County Multiple Listing Service for 2017 The total number of real estate units in Stone Harbor is 3,395 excluding those owned by the Borough NOTE: 3.5% of all Stone Harbor properties SOLD in 2017 compared to 3.7% in 2016

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