Haven Beach Real Estate Third Quarter Sales in 2016
Haven Beach Real Estate Third Quarter Sales in 2016
Long Beach Island Real Estate
The Haven Beach real estate market on Long Beach Island reported two closed transactions during the third quarter. Haven Beach tends to be a higher end area of the LBI real estate market and it is not surprising to say higher price sales as a result. Overall, the Long Beach Island real estate market had a strong and positive third-quarter and Haven Beach real estate third quarter sales in 2016 were no exception.
Haven Beach Real Estate Third Quarter Sales in 2016
The sales of single-family homes in the Haven Beach real estate market are broken down as follows:
- There were two closed transactions during the third quarter.
- The average price was $1,007,000.
- The average price per square foot was $426.85.
- The average time a home spent on the market was 214 days and homes sold for 95.02% of the listing price.
The least expensive home to sell was 11 North Carolina Ave. This was a four bedroom, three bathroom home with 2300 feet of living space. This home sold for $802,000 after spending 314 days on the market. This represents a price per square foot of $348.70 and a sales price to list price ratio of 96.74%. The second and more expensive home to sell is 11208 Beach Ave. which was a four bedroom, 3 1/2 bathroom home with 2400 feet of living space. This home sold for $1,212,000 after spending only 63 days on the market. This represents a price per square foot of $505.00 and a sales price to list price ratio of 93.3%.
Haven Beach and the LBI NJ Real Estate Market
It is important to point out that 11 North Carolina Ave. was not a true single-family home. It was a side-by-side townhouse which, technically speaking, a condominium. The listing agent entered this home as a single-family home because it does share many of the characteristics of a true single-family home. It is for this reason that we see a lower price point and a substantially lower price per square foot. This highlights the importance of understanding all aspects of the Long Beach Island New Jersey real estate market. Very often we see anomalies such as this in the market, and there is very often a rational explanation. For more information about the LBI New Jersey real estate market or Haven Beach real estate third quarter sales in 2016 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
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