Holgate Real Estate Second Quarter Sales in 2016 on Long Beach Island

Long Beach Island Real Estate

The real estate market in Holgate had a very strong second quarter, as did most of the areas on Long Beach Island. Overall, the LBI real estate market showed improvement in sales volume and in average price. This is not surprising given the excellent investment opportunities which have been presenting themselves throughout the Long Beach Island real estate market. Holgate real estate second quarter sales in 2016 help to support this trend.

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Holgate Real Estate Second Quarter Sales in 2016 on Long Beach Island

Sales of single-family homes in the Holgate real estate market are broken down as follows:

There were 11 closed single-family home sales.
The average price of a single-family home is $872,082.
On average, homes spent 205 days on the market and sold for 94.19% of the listing price.
The average price per square foot for single-family homes was $428.99.

Overall, home sales in the Holgate real estate market were strong. The trends we saw in Holgate reflect those we see elsewhere throughout the Long Beach Island real estate market. Buyers continue to search for and pay a premium to buy elevated homes above base flood elevation. This is still an important concept for buyers, and sellers should be keenly aware of this when determining the price of a home. For more information about Holgate real estate second quarter sales in 2016 or for more information about the LBI real estate market 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

www.BuyLBI.com

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