Loveladies Single Family Real Estate Transactions and Long Beach Island Real Estate Update
Loveladies Real Estate Market Sales in the First Quarter of 2014
Loveladies Real Estate
The first quarter of 2014 showed steady sales and a good average price point. Long Beach Island real estate transactions can get off to a slow start as the preceding months of November and December are typically a slower period for sales. With few pending sales during November and December, LBI real estate market sales rely almost entirely on the strong activity in January and February to translate into closings. Loveladies Real Estate Market Sales in the First Quarter of 2014 produced some interesting trends as seen below.
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Loveladies Real Estate Market Sales in the First Quarter of 2014
Sales of single family homes in Loveladies were as follows:
- Eight homes sold in Loveladies during the first quarter
- The average sales price of a home was $1,410,000
- Homes spent an average of 186 days on the market
Both the number of homes sold and the average price were lower than the preceding quarter, however they were both substantially higher than the first quarter of 2013. A year over year comparison is far mire useful as it takes into account seasonal trends in the LBI real estate market. The least expensive home to sell was 16 Panorama Drive which was a lagoon front tear down. This home sold for $700,000. The most expensive sale was 83-D Long Beach Blvd, a 6 bedroom/4.5 bathroom home selling for $2,100,000. Six of the eight homes to sell in Loveladies during the first quarter were over the $1,000,000 price point. In total, over $11,000,000 worth of homes sold during this time period.
For more information about Loveladies Real Estate Market Sales in the First Quarter of 2014 or if you have any questions about the Long Beach Island real estate market in general, send me a message and I will answer you right away!
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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More About The LBI Real Estate Market:
- LOVELADIES REAL ESTATE MARKET SALES IN THE FOURTH QUARTER OF 2013
- LOVELADIES REAL ESTATE MARKET SALES IN THE THIRD QUARTER OF 2013
- LOVELADIES REAL ESTATE MARKET SALES IN THE SECOND QUARTER OF 2013