Single-Family Home Sales in the Holgate Real Estate Market
Holgate Real Estate 2014 Third Quarter SalesLong Beach Island Real Estate
The third quarter showed one of the best sales quarters in several years. Both the number of home sales and the average price has dramatically increased over the past several months. Armed with a better understanding of flood insurance rates, buyers have been investing in homes on Long Beach Island both for personal use and for investment. Holgate Real Estate 2014 Third Quarter Sales reflects this trend with one of the best quarters since Hurricane Sandy.
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Holgate Real Estate 2014 Third Quarter Sales
Sales of single-family homes in Holgate were as follows:
- There were three closed transactions and hold
- The average price of a single-family home was $1,594,117
- On average homesspent 186 days on the market
The least expensive home to sell was for 4 West Inlet, a four bedroom three bathroom home that sold for $600,000 after spending 146 days on the market. The most expensive home to sell was 2501 Long Beach Blvd. an impressive six bedroom six bathroom home which sold for $3,480,000 after spending 279 days on the market.
Long Beach Island Real Estate and Holgate Home Sales
Since Hurricane Sandy, Holgate has lagged behind the rest of the LBI real estate market. The major damage caused to the area raised a great deal of fear in the minds of buyers. The area has been working to recover since the storm, and great strides have been made with new construction taking place on just about every street. The fact that a buyer is willing to invest almost 3 1/2 million dollars in a home in Holgate shows how far this recovery has come. 2501 was one of the most expensive sales in the third quarter and took place in Holgate. This, more than anything, is a testament to the stability and strength of the real estate market on Long Beach Island. For more information about LBI market home sales or Holgate Real Estate 2014 Third Quarter 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
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