Harvey Cedars Real Estate 2016 Second Quarter Sales on Long Beach Island

Long Beach Island Real Estate

Harvey Cedars Real Estate 2016 Second Quarter Sales on Long Beach Island

Long Beach Island Real Estate
Long Beach Island Real Estate

Long Beach Island Real Estate

The real estate market in Harvey Cedars in the second quarter of 2016 was mixed with slightly less activity, but a higher average sales price when compared to the second quarter of 2015. Overall, market activity in Harvey Cedars was strong, as it has been throughout the Long Beach Island real estate market. The trends we are seeing throughout different areas that comprise the LBI real estate market have been showing improvement, and Harvey Cedars real estate 2016 second quarter sales in the Long Beach Island support this trend.

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Harvey Cedars Real Estate 2016 Second Quarter Sales on Long Beach Island

Sales of single-family homes in the Harvey Cedars real estate market on Long Beach Island are as follows:

  • There were 10 single-family homes sold.
  • The average price of a single-family home was $1,411,100.
  • On average, homes spent 110 days on the market and sold for 96.63% of their listing price.
  • On average, homes sold for $679.22 per square foot.

The least expensive home to sell was 5308G Long Beach Blvd. While this was listed as a single-family home, technically speaking it was vacant land with a proposed dwelling on the property. This sold for $525,000 after spending 238 days on the market. The most expensive home to sell was 12 E. 86th St. which was an oceanfront teardown with permits in place to build a new 5000 square-foot dwelling. This large lot, over 100 feet on the water, sold for $2,400,000 after spending more than a year on the market. An impressive new construction will be built here increasing the overall investment in the Long Beach Island real estate market.

Harvey Cedars and the Long Beach Island New Jersey Real Estate Market

Overall, Harvey Cedars showed stable activity during the second quarter market. Currently, there is a new spec house for sale of 2015. There were two less single-family homes sold in Harvey Cedars when compared to the same time period one year ago, however, the average price of a single-family home was approximately $200,000 higher. Everything considered, this can lead one to conclude that the overall market has risen. For more information about Harvey Cedars real estate 2016 second quarter sales on Long Beach Island or the LBI New Jersey real estate market in general, contact me and I will be happy to answer any questions you.

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