Real Estate Market Update in Avon-by-the-Sea, NJ

REAL ESTATE MARKET UPDATE IN AVON-BY-THE-SEA, NJ

When buying a home, local market data and Realtor expertise make ALL the difference. We update the local market data quarterly here, so check back frequently. If there’s a town not listed here that you would like market data for, email homes@theconnollyagency.com or give us a call.

The data below was compiled from the Monmouth-Ocean Multiple Listing Service (FLEX-MLS) and provides an overview of recent sales activity in Avon By The Sea, NJ.

For a comprehensive real estate market update in Avon, NJ, contact our NJ Shore Real Estate experts at The Connolly Agency. We look forward to hearing from you. 732-361-0800

2023 compared to 2022 Q1 Single Family Home Sales

The First Quarter for both years consists of January, February and March. In Avon-By-The-Sea in 2023 5 homes sold compared to 2022 when only 3 homes sold. The average sale price also jumped from $1,095,003 in 2022 to $2,009,000 in 2023, which is an 83% increase over the year. While the days on market went up slightly from 55 to 138 the huge increase in price could be the cause. In 2023 homes sold for 92% of the list price as compared to 2022 when the homes also got almost full list price at 95%.

2021 VS 2022 Year End Summary

In 2022, 19 single homes were sold, which was a decrease of 29 from homes in 2021. The total sales volume for sold Single Family homes in Avon-By-the-Sea in 2022 decreased by 35%. The average sales price was $1,523,263, a decrease of 2% from 2021. The homes were on the market an average of 35 days and sold for 99% of the listing price.

2020 vs 2021 Annual Market Update

In the year of 2021, 29 single family homes sold in Avon, up 7.47% from 2020. The average sales price was $1,546,975, up 6.14% from 2020, and the average days on market were 52 vs 54 days in 2020. Homes sold for 98% of the listing price vs 96% in 2020. Overall, the real estate volume is $44,862,299 up 14.01% compared to last year

2021 Fourth Quarter

Avon-By-The-Sea

In the fourth quarter of 2021, 6 single family homes sold in Avon, 0% change from 2020. The average sales price was $1,888,333, up 22.47% from 2020, and the average days on market were 55 vs 27 days in 2020. Homes sold for 99% on par with 2020.

2020 Year End Summary

In 2020, 28 single family homes were sold, which was an increase from 20 homes in 2019. The total sales volume for sold Single Family homes in Avon in 2020 increased by 27%. The average sales price was $1,458,884, a decrease of 9% from 2019. The homes were on the market an average of 54 days and sold for 96% of the listing price

Second Quarter 2020

By selling 7 single family homes in Avon by the Sea during the second quarter this year, monthly sales are up by 63% when compared when compared to 2019. These homes sold at 95% of the list price, with an average of 71 days on the market. The current average sales price is $1,655,673.

First Quarter 2020

With 7 homes sold in Avon by the Sea, we see an increase in sales volume from the same time last year, with only 1 home sold in 2019’s first quarter. Homes are selling at 91% of list prices with an average of 85 days on the market; half as long as 2019 timeframes. The average sales price is $1,751,964.

2019 Year End Summary

In 2019, 20 homes were sold, for an average sales price of $1,611,425, a solid increase of 17% over 2018. The homes were on the market an average of 80 days, and sold for 5% under than listing price.

Third Quarter 2019

4 homes sold in Avon by the Sea in the third quarter of 2019 versus 8 for the same period last year. The average sales price is down 25% for the quarter to $881,250. Homes are selling for 1% less than list price with an average of 39 days on the market. Even with average sales prices lower this quarter, the year to date sale prices are up by 9% to $1,506,566 as compared to 2018.

First Half of 2019

So far 8 homes have sold in Avon by the Sea versus 17 for the same period last year. Sales volume is down 44% with the average sales price up 19% to $1,575,437. The average list price is up 28% to $1,779,250. Homes are selling for 12% less than list price with the average days on market of 81.

First Quarter 2020

First Quarter 2019

In the first quarter of 2019, 1 single family home was sold, for an average price of $800,000 vs. 6 homes in 2018 with an average price of $1,880,333. The home sold for 94% of the listing price, and the average days on market was 148 days.

2018 Year End Summary

For 2018, 33 single family homes were sold, for an average of $1,379,912, or a 25% increase over 2017. The homes were on the market for an average of 76 days, and sold for 5% less than the listing price.

Third Quarter 2018

In the Third quarter of 2018, 8 single family homes have been sold, for an average price of $1,171,375, a 38% decrease from this year’s second quarter. The homes sold for 97% of the listing price, and the average days on market was 69 days.

Second Quarter 2018

In the second quarter of 2018, 11 single family homes have been sold, for an average price of $1,880,333, a 45% decrease from this year’s first quarter. The homes sold for 100% of the listing price, and the average days on market was 32days.

First Quarter 2018

In the first quarter of 2018, 6 single family homes have been sold, for an average price of $1,880,333, a whopping 110% increase from last year’s first quarter. The homes sold for 91% of the listing price, and the average days on market was 113 days.

2017 Overall

For 2017, there were 26 single family homes sold in Avon-by-the-Sea as compared to 30 last year. The average sale price decreased very slightly to $1,102,615. The average days on market dropped from 120 days to 82 days, and the homes sold for 94% of the listing price.

Third Quarter 2017

This quarter in Avon-by-the-sea, with 7 single family homes sold, the average sales price dropped from $1,207,558 to $953,00 compared to last year’s quarter. The days on the market also dropped 130 days to 79 days from last year. The homes were sold for less than 6% of the listing price.

Second Quarter 2017

The second quarter 2017 shows that the average sales price for a single family home in Avon-by-the-Sea, NJ was $1,249,071 which represents almost 7% increase in sales price over the same quarter in 2016, where the average sale price was $1,169,678. A total of 7 homes were sold in second quarter of 2017 which is the same amount in 2016 for the second quarter. Days on the market increased significantly from 77 in 2016 to 128 in 2017. Homes in 2017 were selling on average for just 6% less than list price.

First Quarter 2017

Five homes were sold in the first quarter of 2017 in Avon by the Sea. The average sales price increased over the same period of last year by 17% to $896,000. Homes are selling quickly with an average days on the market of 99. And, homes are selling at 94% of list price, similar to last year.

2016 Overall

For 2016, there were 30 single family homes sold in Avon by the Sea as compared to 22 in 2015. The average sale price of single family homes increased over 2015 by 14%, closing the year with the average price of $1,138,909. Overall, days on the market increased to 120 days on average, as compared to 99 in 2015. Homes were selling for 95% of list price, which is 3% better than 2015.

Fourth Quarter 2016

The real estate market closed the year strong with 11 single family homes being some in the last quarter of the year. The average sale price was up 33% over the same period last year, with homes selling for an average price of $1,165,591. Homes sold for 8% less than list price this quarter and average days of the market was 139.

Third Quarter 2016

The real estate market in Avon by the Sea is fantastic in 2016! For third quarter, the average sales price was up 3% over the same period in 2015, with the average single family sales price at $1,207,558. The number of single family homes sold was also up 20% for the first three quarters of the year. Homes in Avon were selling for 101% of list price, with average days on market of 130.

Second Quarter 2016

The second quarter 2016 shows that the average sales price for a single family home in Avon-by-the-Sea, NJ was $1,169,678, which represents a 14% increase in sales price over the same quarter in 2015, where the average sale price was $ $1,027,318. A total of 7 homes were sold in 2016 verses 4 in 2015 for the same period. Days on the market decreased significantly from 111 in 2015 to 77 in 2016. Homes in 2016 were selling on average for just 6% less than list price.

First Quarter 2016

The average sales price for a single family home in Avon-by-the-Sea, NJ for the first quarter of 2016, was $763,333, which represented a 3% decrease in sales price over the same quarter in 2015. A total of three (3) homes were sold in the first quarter in both 2015 and 2016. Days on market went up from 47 to 128 in 2016. Homes were selling for just 6% less than list price.

2015 Overall

The average sale price for a single family home in Avon-by-the-Sea in 2015 was $991,035 based on 22 home sales. This was relatively flat when compared to pricing in 2014. Unit sales were down 16% when compared to 2014.

The average listing price of homes on the market in 2015 was $1,056,03. In 2015 homes sold at 7% less than list price with an average days on the market of 99 days.

The information is deemed reliable but not guaranteed.

Fourth Quarter 2016

For Sale in Avon By The Sea

Avon-by-the-Sea Real Estate Market Trends

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