Harvey Cedars Real Estate 2016 Third Quarter Sales
Harvey Cedars Real Estate 2016 Third Quarter SalesLong Beach Island Real Estate
The real estate market in Harvey Cedars and throughout Long Beach Island has shown strong growth throughout 2016. The market has been holding steady or improving in nearly every area and Harvey Cedars was no exception. Harvey Cedars real estate 2016 third quarter sales greatly contribute to the overall improvement and potential for real estate investment we have seen in the Long Beach Island real estate market.
Harvey Cedars Real Estate 2016 Third Quarter Sales
Sales of single-family homes in the Harvey Cedars real estate market are broken down as follows:
- There were seven closed transactions during the third quarter.
- The average price of a single-family home was $1,236,843.
- The average price per square foot was $578.30.
- The average sales price to list price ratio was 93.43%.
- The average days spent on the market was 180 days.
The least expensive home to sell was 5511 Holly Ave. This was a three bedroom two bathroom raised ranch with approximately 1400 feet of living space. This home sold for $695,000 after spending 72 days on the market. This represents a sales price to list price ratio of 92.79% and a price per square foot of $494.25. The most expensive home to sell was 4 E. Passaic Ave. This was a four bedroom 4 1/2 bathroom home with approximately 3200 feet of living space. This home sold for $1,950,000 after spending 79 days on the market. This represents a sales price to list price ratio 97.74% and a price per square foot of $615.14.
Harvey Cedars and the LBI NJ Real Estate Market
Overall, the Harvey Cedars real estate market and the Long Beach Island real estate market showed strong activity. The trends we have seen throughout the LBI real estate market of newer homes that are elevated above base flood elevation and selling for a premium continues to hold true. It is important for buyers and sellers to understand the dynamics of the LBI real estate market before making an investment. For more information about Harvey Cedars Real estate 2016 third quarter sales or the LBI real estate market in general, 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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