There are 125 single family homes currently FOR SALE in Stone Harbor and 204 in Avalon as of 1/31/2012. The number of units FOR SALE has stayed fairly consistent for the past 24 months and has not demonstrated that it will increase drastically, which is a positive sign. This is in the range of a 26 month inventory of single family home listings in Stone Harbor and a 23 month inventory in Avalon, based upon 2011 closed sales of single family homes. The days on market of 360 in SH and 327 in Avalon is higher for the units FOR SALE than those that SOLD, 306 days in Stone Harbor and 277 in Avalon for 2011, demonstrating that if sellers truly want to sell their property in 2012, many will need to make a sale listing price adjustment to entice buyers.
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