Harvey Cedars Real Estate 2015 First Quarter Transactions

Real Estate Sales in Harvey Cedars During the First Quarter of 2015

Harvey Cedars Real Estate 2015 First Quarter Transactions
Harvey Cedars Real Estate 2015 First Quarter Transactions

 

Long Beach Island Real Estate

The real estate market in Harvey Cedars showed strong sales activity and a positive upward trend.The real estate market was strong not only in Harvey Cedars, but also on Long Beach Island as a whole. All over LBI new construction is taking place and that is improvements have been made to the area. This is helped to increase buyer confidence and the potential for investment in the area. Harvey Cedars Real Estate 2015 First Quarter Transactions were largely positive with a higher than average sales price.

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Harvey Cedars Real Estate 2015 First Quarter Transactions

Sales of single-family homes in the Harvey Cedars real estate market were as follows:

  • Five single-family homes sold during the first quarter
  • The average sales price of a single-family home was $1,414,500 with a median sales price of $1,275,000
  • On average, homes spent 176 days on the market
  • The average price per square foot of a single-family home was $527.38

The least expensive home to sell was 6104 Long Beach Blvd. which was a five bedroom 3 1/2 bathroom home built in 2000. 6104 Long Beach Blvd. sold for $989,000 after spending 172 days on the market. The most expensive home to sell was 10 East Gloucester Ave. which was a for bedroom 3 1/2 bath home built in 2014. This home sold for $2,165,000 after spending 132 days on the market.

Harvey Cedars and the LBI Real Estate Market

Sales of single-family homes in Harvey Cedars were certainly positive and reflect the upward trend we are currently witnessing in the LBI real estate market. Of the five homes that sold  in Harvey Cedars, four of them were built in the year 2000 or sooner. This is a clear indication that buyers are looking for move-in ready homes with modern amenities. Likewise, there is currently a market for teardown property that provide the opportunity for a buyer to build their dream home on Long Beach Island. For more information about the LBI real estate market or Harvey Cedars Real Estate 2015 First Quarter Transactions contact me and I will be happy to answer any questions that 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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