Holgate New Jersey Real Estate
Holgate Real Estate 2014 Fourth Quarter Single Family Home SalesLong Beach Island New Jersey Real Estate
The fourth quarter ended one of the best years in the LBI real estate market. While the damage caused by Hurricane Sandy is still on people’s minds, both residents and homebuyers have a much better understanding of flood insurance and storm readiness. Long Beach Island will be granted a beach replenishment project that will help to ensure minimal damage from future storms. This kind of investment in the area has helped to increase buyer confidence and improve the number of home sales as well as the average sales price. Holgate Real Estate 2014 Fourth Quarter Single Family Home Sales demonstrates how far the market has come.
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Holgate Real Estate 2014 Fourth Quarter Single Family Home Sales
Sales of single-family homes in Holgate were as follows:
- Four single-family homes sold in Holgate during the fourth quarter
- The average price of a single-family home was $629,250
- Homes spent an average of 192 days on the market
The least expensive home to sell was 6 Joan Rd. which was a three bedroom one bathroom storm damaged home. This home sold for $447,000 after spending 36 days on the market. The most expensive home to sell was 11 Judith Ave. which was a new construction with five bedrooms 3 1/2 bathrooms. This home sold for $1,040,000 after spending 107 days on the market.
Holgate and the LBI Real Estate market
While there is still damage from Hurricane Sandy visible in Holgate, the great strides the area has taken is even more evident. New construction lines almost every street and this significant investment has helped to increase both home sales and prices in Holgate. The fourth quarter ended with the best quarter we have seen since Hurricane Sandy. For more information about the LBI real estate market or Holgate Real Estate 2014 Fourth Quarter Single Family Home Sales contact me and I will respond right away.
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