Hugh's News May - June

Posted May 24th 2018

KEEPING YOU UP TO DATE ON ACTIVITIES and THE
STONE HARBOR & AVALON REAL ESTATE MARKET….

The Seven Mile Beach Real Estate Market continues to be very positive with property
values on the upswing mostly driven by new construction prices and limited sale
listing inventory. THE VACATION HOME MARKET IS ON THE MOVE and if you do
not own in Stone Harbor or Avalon and have been considering purchasing your own
special vacation home property, NOW is the time to do it. Values are on the rise. Mortgage Rates are still
extremely low for 30 year jumbo money. DON’T HESITATE! Stone Harbor and Avalon have always been a
solid investment for family and appreciation in value. JUST DO IT!

AMAZING STATISTIC FOR 2017 TO DATE: From January 1 to May 12, 2018 there have already
been 16 properties that have CLOSED and 11 more UNDER CONTRACT between $3,000,000.00 and
$10,500,000.00, for a total of 27. At the same time in 2017, there were a total of 28 properties CLOSED or
UNDER CONTRACT by this date. Considering that there is much less sale listing inventory than in 2017, the
current HIGH END SALES are extremely strong. This demonstrates the tremendous confidence in the current
United States economy and the confidence that high end buyers have investing in Stone Harbor and Avalon
vacation homes for their families!!!! This is about a lifestyle not just an investment.

MORE SALE LISTINGS NEEDED... WITH THE INCREASED NUMBER OF PROPERTIES SOLD IN
THE PAST TWO YEARS, SALE LISTING INVENTORY IS AT IT’S LOWEST SINCE 2005. IF YOU OWN IN
STONE HARBOR OR AVALON AND ARE CONSIDERING SELLING, NOW IS A GREAT TIME TO PUT YOUR
PROPERTY ON THE MARKET FOR THE VERY ACTIVE SUMMER SEASON! CALL Hugh Merkle at
609-602-0300 for a MARKET ANALYSIS of your property.

BUYERS: This is a great time to purchase your own special vacation home and have the property ready for
personal use or rental income for this summer. There is tremendous demand for rental properties if you buy
and want to rent some weeks. With the combination of affordable prices and low mortgage rates NOW IS THE
TIME TO PURCHASE A VACATION HOME in Stone Harbor and Avalon. Don’t miss out on this excellent time
to buy.