Buyers have spent $656 million on Avalon and Stone Harbor homes this year, with another 36 residential properties carrying nearly $152 million in asking prices under contract.
When the ledger is tallied, the completed sales and pending listings approach $808 million, an Ironside Shore Wire review of sales records shows. The pending figures reflect asking prices.
A relatively small slice of Seven Mile Island’s market supplied half the dollars already spent.
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Forty-three homes sold for $5 million or more, generating $327.8 million through Oct. 28. Those purchases represented 26% of the island’s 165 residential closings.
The other 122 sales contributed $328.2 million, almost exactly matching the upper tier’s total.
Avalon led activity with 116 sales totaling $447.2 million. Stone Harbor added 49 closings worth $208.9 million.
Stone Harbor posted the higher median sale price: $3.7 million, compared with Avalon’s $3.23 million.
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The pending pipeline carries into next year.
Ten homes asking a combined $60.7 million are scheduled to close in 2027.
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