Holgate Real Estate Sales Market Update on Long Beach Island New Jersey
Long Beach Island NJ Real EstateLong Beach Island NJ Real Estate
Holgate real estate 2016 fourth-quarter sales continue to be one of the higher areas of market activity in Long Beach Township. Since Hurricane Sandy, Holgate has been undergoing a massive rebuilding effort which has spurred new activity. Overall, the Long Beach Island real estate market showed strong growth with a higher average price compared to one year ago and Holgate in no small way helped to contribute to this upward trend seen in the LBI real estate market.
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Holgate Real Estate 2016 Fourth-Quarter Sales
Sales of single-family homes in the Holgate real estate market are broken down as follows:
- There were seven closed transactions during the fourth quarter in Holgate.
- The average price of a single-family home was $915,857.
- The average price per square foot of a single-family home was $416.84.
- On average, homes spent 390 days on the market and sold for 95.89% of their listing price.
The least expensive home to sell was 4 West McKinley Avenue which was a four bedroom two bathroom raised ranch selling for $605,000. This home spent 103 days on the market and sold for 97.74% of its listing price. This represents a price per square foot of $409.89. The most expensive home to sell was 9 W. Holgate Ave. which was a very large home with water views selling for $1,250,000. This home spent 53 days on the market and sold for 96.53% of the listing price. This represents a price per square foot of $248.07 which is much lower than the average seen throughout the LBI real estate market, but it is important to remember that this was a 5,000 square foot house so one would anticipate the average price per square foot to be lower. For more information about Holgate real estate 2016 fourth-quarter sales or the Long Beach Island real estate market in general, 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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