Harvey Cedars Real Estate Market Update and the Long Beach Island NJ Real Estate Market
Harvey Cedars real estate 2016 sales on Long Beach Island had a strong year with an average sales price higher than most seen throughout the entire LBI real estate market. Overall, the Long Beach Island real estate market had a strong 2016 and Harvey Cedars helped to contribute to this upward real estate trend. Fueled in part by high demand for new construction and homes that are compliant to FEMA guidelines, we have seen strong activity in the tear down market as well as end user sales.
Harvey Cedars Real Estate 2016 Sales
Sales of single-family homes in Harvey Cedars real estate market are broken down as follows:
- There were 33 closed transactions in Harvey Cedars.
- The average price of a single-family home was $1,263,266.
- The median sale price of a single-family home was $1,190,000.
- On average, homes sold for $612.10 per square foot.
- The average time a home spent on the market was 147 days.
- On average, homes sold for 94.56% of their listing price.
The most expensive home to sell was 12 E. 86th Street which was a three bedroom two bath home built in 1967. This home sold for $2,400,000 after spending 390 days on the market. This represents a sales price of 94.12% of the original listing price. The least expensive home to sell was 5308G Long Beach Blvd. which was a four bedroom 4 1/2 bath home selling for $525,000 after spending 238 days on the market. This represents a sale price to list price ratio of 98.13%. For more information about Harvey Cedars real estate 2016 sales or sales in the Long Beach Island real estate market, please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | email@example.com
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