Barnegat Light Real Estate Third-Quarter 2016 Sales

Barnegat Light Real Estate Third-Quarter 2016 Sales

Barnegat Light Real Estate Third-Quarter 2016 Sales

Barnegat Light Real Estate Third-Quarter 2016 Sales
Barnegat Light Real Estate Third-Quarter 2016 Sales

Long Beach Island Real Estate

The real estate market in Barnegat Light showed impressive activity during the third quarter of 2016. Overall, there was strong activity and a strong average price point. Throughout the entire LBI real estate market we have seen strong activity in 2016 with increase in prices and investment as the year progressed. Barnegat Light third-quarter 2016 sales were no exception!

Barnegat Light Real Estate Third-Quarter 2016 Sales

The sales of single-family homes in the Barnegat light real estate market are broken down as follows:

  • There were 10 closed transactions.
  • The average price of a single-family home was $811,000.
  • The average price per square foot was $412.58.

On average, homes spent 197 days on the market and sold for 93.63% of the listing price.
The least expensive home to sell was 18 W. 10th St. which was a three bedroom one bathroom home with approximately 1000 feet of living space. This home sold for $400,000 after spending 437 days on the market. This represents a price per square foot of $400 even at a sale price to list price ratio of 93.24%. The most expensive home to sell was 7 W. 3rd St. which was an oceanfront home selling for $1,350,000. This home spent only 39 days on the market and sold for $503.54 per square foot. This represents a sales price to list price ratio of 96.77%.

Barnegat Light New Jersey Real Estate and the Long Beach Island NJ Real Estate Market

Overall, Barnegat light showed strong activity as did the rest of the LBI real estate market. Newer homes continue to be the preference for buyers. However, there are many opportunities for older homes in the renovation and new construction areas of the LBI real estate market. Also, flood insurance continues to play a major role in the pricing of a home. For more information about Barnegat Light Real estate third-quarter 2016 sales please do not hesitate to contact me.

By : Nathan Colmer | The Van Dyk Group

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

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like: