Barnegat Light Real Estate Fourth Quarter Sales in 2015

Long Beach Island New Jersey Real Estate

The real estate market in Barnegat Light showed steady activity with more homes sold at a higher average price than in the third quarter of 2015. This trend of increased activity is seen throughout the LBI New Jersey real estate market, and holds true with the trends we have been seeing over the past several quarters. Barnegat Light real estate fourth quarter sales in 2015 also showed a mix of homes being sold at various price points, which highlights the diversity available in the Long Beach Island real estate market.

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Barnegat Light Real Estate Fourth Quarter Sales in 2015

Sales of single-family homes in the Barnegat Light real estate market on LBI during the fourth quarter of 2015 were broken down as follows:

There were eight single-family homes sold during this time.
The average price of a single-family home was $718,625.
The average price per square foot was $428.57.
On average, homes spent 114 days on the market and sold for 94.93% of the listing price.

The least expensive home to sell was 18 W. 8th Street. This was a 2 bedroom, 2 ½ bath raised ranch. This home sold for $463,500 after spending 135 days on the market. The home sold for $337.83 per square foot and 89.3% of the listing price. The most expensive home to sell was 6 E. 17th Street. Located on the oceanside, this contemporary home was a 4 bedroom, 3 ½ bath with many upgrades and amenities. This home sold for $995,000 after spending only 14 days on the market. The home sold for $415.62 per square foot.

Barnegat Light and the Long Beach Island Real Estate Market

The real estate market in Barnegat Light certainly showed improvement over the third quarter of 2015. There were more homes sold during the fourth quarter with the price averaging almost $70,000 higher. As 2015 came to an end, we saw interesting market activity on Long Beach Island. Looking back over recent years, 2015 finished as one of the strongest years in the LBI real estate market. For more information about Barnegat Light real estate fourth quarter sales in 2015 or the Long Beach Island New Jersey real estate market in general, contact me and I will be happy to answer any questions you have.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

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