Barnegat Light Real Estate Market Sales Update on Long Beach Island
Barnegat Light real estate 2016 sales on Long Beach Island had a strong year overall. Taken as a whole, the market activity was steady and the homes sold showed a wide range of price and location. The average price of a single-family home had a slightly lower price point than the average seen throughout the LBI real estate market, but it is still a fair statement to say that the Barnegat Light real estate market in general had a strong year.
Barnegat Light Real Estate 2016 Sales
Sales of single-family homes in the Barnegat Light real estate market for 2016 are broken down as follows:
- There were 38 closed transactions in the fourth quarter.
- The average price of a single-family home was $815,184.
- The median sale price of a single-family home was $767,250.
- On average, homes spent 145 days on the market and sold for 94.81% of their listing price.
- The average price per square foot of a single-family home was $452.68.
The most expensive home was 17 E. 24th St. which was a six bedroom four and half bath home selling for $2,100,000 after spending 44 days on the market. This translates to a price per square foot of $636.36. The least expensive home was 18 W. 10th St. which was a three bedroom one bathroom home selling for $400,000 even. This home sold for $400 per square foot after spending 437 days on the market and selling for 93.24% of the listing price. For more information about Barnegat Light real estate market 2016 sales or the Long Beach Island real estate market in general, please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | firstname.lastname@example.org
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