Harvey Cedars Real Estate Transactions in the First Quarter of 2014

Long Beach Island Real Estate and Harvey Cedars Real Estate Update in the First Quarter of 2014

Harvey Cedars Real Estate Transactions in the First Quarter of 2014
Harvey Cedars Real Estate Transactions in the First Quarter of 2014

Harvey Cedars Real Estate

The beginning of 2013 presented some very difficult challenges for the Long Beach Island real estate market. Hurricane Sandy without doubt created major damage to the LBI area and the entire coast of New Jersey. Such widespread damage caused much concern about the future of the LBI real estate market however even with Hurricane Sandy, the LBI real estate market performed well and market activity continued. Harvey Cedars showed much stronger activity during the first quarter of 2014 as buyer confidence increased! Harvey Cedars Real Estate Transactions in the First Quarter of 2014 showed a respectable amount of activity and an average price in line with the rest of the Long Beach Island real estate market.

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Harvey Cedars Real Estate Transactions in the First Quarter of 2014

Sales of single family homes in Harvey Cedars were as follows:

  • Three single family homes sold in the first quarter of 2014
  • The average sales price was $926,333
  • On average, homes spent a total of 147 days on the market

A total of over $2,700,00 worth of homes sold in Harvey Cedars during the first quarter. The least expensive sale was 19 Cedars which was a bay front home with four bedrooms and three bathrooms. 19 Cedars sold for $765,000. The most expensive sale was 13 East Cape May which was a three bedroom, two and a half bathroom home selling for $1,135,000. The average price of a single family home was higher than the rest of the LBI real estate market in part due to the absence of storm damaged homes sales. These storm damaged homes, which are sold for land value, artificially drive the price of single family homes lover. For more information about Harvey Cedars Real Estate Transactions in the First Quarter of 2014 or if you have any questions about the LBI real estate market as a whole, send me a message and I will be happy to answer any questions 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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