Beach Haven Real Estate Update on Long Beach Island New Jersey
Beach Haven real estate 2016 fourth-quarter sales were very strong. There were a total of 16 closed transactions which helps to support the positive trends we have seen throughout the LBI real estate market. Overall, home sales in the Long Beach Island real estate market are higher compared to one year ago and Beach Haven played a large role in this positive trend.
Beach Haven Real Estate 2016 Fourth-Quarter Sales
Sales of single-family homes in the Beach Haven real estate market on Long Beach Island are broken down as follows:
- There were 16 closed transactions in the fourth quarter.
- The average price of a single-family home was $883,000.
- The average price per square foot was $485.13.
- On average, homes spent 257 days on the market and sold for 92.89% of their listing price.
The least expensive home to sell was 504 Center St. which was a storm damaged home that had been partially renovated. This home sold for $347,000 after spending 34 days on the market. This represents a sales price to list price ratio of 89% and a price per square foot of $244.19. The most expensive home to sell was 4 Jeffries Avenue which was a very impressive brand-new construction selling for $1,850,000. This home spent 195 days on the market and sold for 94.87% of the listing price. This represents a price per square foot of $616.67 which is about average for new construction in Beach Haven. For more information about the Long Beach Island real estate market or Beach Haven real estate 2016 fourth-quarter sales, 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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