Holgate Real Estate Sales Market Update on Long Beach Island New Jersey
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.
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 | email@example.com
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