Long Beach Island Real Estate and Loveladies Sales Statistics in the Second Quarter of 2013
Loveladies Real Estate Market Sales in the Second Quarter of 2013
Loveladies NJ Real Estate
The Loveladies real estate market showed similar overall activity in the second quarter of 2013 when compared to the first quarter of 2013. The same number of transactions took place however the dynamic of buyers changed. The LBI real estate market as a whole has shown substantial improvement as the concerns about flood insurance rate increases diminishes and some of the false rumors are dispelled. Loveladies Real Estate Market Sales in the Second Quarter of 2013 were still strong and contribute to the overall confidence of the real estate market on Long Beach Island.
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Loveladies Real Estate Market Sales in the Second Quarter of 2013
Single family home sales in Loveladies were as follows:
- Five single family homes sold (the same as the first quarter)
- The average price of a single family home in Loveladies was $968,800
- On average, homes spent 357 days on the market
While the same number of homes sold in the first and second quarters of 2013, the average sales price was much lower in the second quarter. This is contributed to a change in buyer behavior looking to build new construction rather than buy an existing home. The least expensive sale was a 4 bedroom/1.5 bath home trading at only $750,000 while the most expensive sale was a 4 bedroom/3 bathroom home selling for $1,300,000. The average days on market was shocking high. This is mostly contributed to one home which spent over three years on the market (1,032 days to be exact). This sale drove the average time much higher than it should be.
The overall real estate market on Long Beach Island showed improving sales. The overall number of homes selling increased and the average sales price was higher as well. This is especially true when storm damaged homes are taken out of the equation as these homes are sold as vacant land more than they are sold as single family homes. For more information about the Long Beach Island real estate market or Loveladies Real Estate Market Sales in the Second Quarter of 2013, send me a message and I will respond 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 FIRST QUARTER OF 2013
- BARNEGAT LIGHT REAL ESTATE MARKET SALES IN THE THIRD QUARTER OR 2014
- BARNEGAT LIGHT REAL ESTATE MARKET SALES SECOND QUARTER 2014