Loveladies Real Estate Market Sales Update and Long Beach Island New Jersey Real Estate
Loveladies real estate 2016 sales in the Long Beach Island real estate market showed a significantly higher average sales price and very strong market data when compared to the rest of the LBI real estate market. It is not surprising to see Loveladies real estate prices outpacing those of the greater LBI real estate market as Loveladies is one of the most expensive areas on Long Beach Island. Overall, home sales in the LBI real estate market and Loveladies market were very strong.
Loveladies Real Estate 2016 Sales
Sales of single-family homes in the Loveladies real estate market are broken down as follows:
- There were 36 single-family homes sold in Loveladies.
- The average price of a single-family home was $1,603,264.
- The median price of a single-family home was $1,222,250 and the average price per square foot of a single-family home was $503.93.
- On average, homes spent 153 days on the market.
- The average ratio of sales price to list price was 94.85%.
The most expensive home for sale was 43 W. Holly Dr. which was an impressive seven bedroom home selling for $5,699,000 after spending 407 days on the market. This translates to a price per square foot of $904.60 and a sale price to list price ratio of 98.28%. The least expensive home to sell was 56 Bayview Dr. which was a four bedroom two bathroom home selling for $600,000 after spending 11 days on the market. This home sold for $243.51 per square foot and sold for full price. For more information about Loveladies real estate 2016 sales or the LBI real estate market in general, please 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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