Holgate Second Quarter Real Estate Sales in 2015

Long Beach Island Real Estate

Single family home sales in the Holgate real estate market of 2015 demonstrated how diverse the LBI real estate market truly is. There were a total of six closed single family home transactions during the second quarter, three of which were below $700,000 and three of which were above $1 million. Overall, Holgate second quarter real estate sales in 2015 were better-than-expected and echoed the overall improvement we have witnessed in the LBI real estate market.

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Holgate Second Quarter Real Estate Sales in 2015

Sales of single family homes in the Holgate real estate market were as follows:

Six single family homes sold
The average sales price was $915,000 with a median sales price of 850,000
The average price per square foot was $464.06
On average, homes sold for 93.67% of their listing price and spent 192 days on the market

The least expensive home to sell was 22 W. Tebco Terrace, which was a three bedroom, two bath home built in 1964. This home sold for $420,000, after spending 265 days on the market. The most expensive home to sell was 911 S. Long Beach Blvd., and was a four bedroom, three bath home selling for $1,390,000 after only 48 days on the market. One of the sales in the Holgate real estate market, 7 West Judith Ave., a 4 bedroom, 3 ½ bath home was built as an investment. A builder purchased the lot, then built a new family home. This property traded for $1,030,000 after spending only 170 days on the market. This is an excellent demonstration of how money can be made in the LBI real estate market by speculation building in the right location.

Holgate and the Long Beach Island Real Estate Market

Overall, Holgate showed an impressive second quarter for 2015. The Holgate real estate market can be one of the slower areas of LBI. To see this kind of market activity is certainly encouraging. Furthermore, it is encouraging to see such high-end real estate trading, which complements the more affordable single family homes present in the LBI real estate market. For more information about Holgate second quarter real estate sales in 2015 or the LBI real estate market in general, contact me and I will be happy to answer any questions you have.

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