Loveladies NJ Real Estate Market Update
The Loveladies real estate market had a strong fourth-quarter in 2016, as we saw elsewhere throughout the Long Beach Island real estate market. Sales of single-family homes were strong, and the average price was high as well. In short, Loveladies real estate 2016 fourth-quarter sales helped to make the entire fourth quarter in the LBI real estate market strong.
Sales of single-family homes in the Loveladies real estate market are broken down as follows:
- There were seven closed single-family home sales.
- The average price of a single-family home was $1,602,857.
- The average price per square foot was $562.13.
- On average, homes spent 241 days on the market and sold for 93.92% of their listing price.
The least expensive home to sell was 31 Panorama. This was an older lagoon front home with four bedrooms and 2 1/2 bathrooms. This home sold for $900,000 after spending 148 days on the market. The most expensive home to sell was 18 Panorama, just down the street. This was a brand-new construction on a lagoon with six bedrooms 5 1/2 bathrooms and nearly 4400 feet of living space. This home sold for $2,400,000 after spending 40 days on the market. This represents a price per square foot of $550.71.
Overall, sales were strong for the Loveladies real estate market as they were for the entire LBI real estate market. The trends we have seen in Loveladies echo those seen throughout the LBI real estate market with new construction selling at a premium. For more information about Loveladies real estate 2016 fourth-quarter sales please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | firstname.lastname@example.org
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