Harvey Cedars Real Estate Transactions in the Third Quarter of 2013

Harvey Cedars Real Estate Market in the Third Quarter of 2013

Harvey Cedars Real Estate Transactions in the Third Quarter of 2013
Harvey Cedars Real Estate Transactions in the Third Quarter of 2013

Harvey Cedars Real Estate Market

The third quarter of 2013 saw fewer sales than the second quarter, however the average sales price of a single family home was higher. Summer time, which is covered in the third quarter, tends to be a slower time in the LBI real estate market. This is mainly due to summer rentals making it very difficult to show homes. Even with the challenges presented in the summer real estate market on Long Beach Island, Harvey Cedars Real Estate Transactions in the Third Quarter of 2013 were still impressive.

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Harvey Cedars Real Estate Transactions in the Third Quarter of 2013

Sales of single family homes in the third quarter of 2013 in Harvey Cedars were as follows:

  • Seven single family homes sold
  • The average price of a single family home was $1,220,714
  • On average, homes spent a total of 145 days on the market

The least expensive home to sell during the third quarter in Harvey Cedars was 9 Camden which sold as a three bedroom, three bathroom home. 9 Camden sold for $640,000. By contrast, the most expensive home to sell was 21 W 85th Street, a six bedroom, five and a half bathroom home trading for $3,200,000. In total, over $8,500,000 worth of real estate sold in Harvey Cedars during the third quarter. A total of three homes sold over the $1,000,000 price point. The LBI real estate market as a whole showed strong activity with increased sales and a higher average sales price. As storm damaged homes cleared the market, both end user buyers and and investors have increased their activity in the LBI real estate market. For more information about the LBI real estate market or the Harvey Cedars Real Estate Transactions in the Third Quarter of 2013, send me a message and I will answer any questions you have right away!

 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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