Loveladies Real Estate Market Sales in the Third Quarter of 2014

Loveladies and Long Beach Island Real Estate Market Update

Loveladies NJ Real Estate

The third quarter of the Loveladies real estate market, which covers summer on Long Beach Island, saw strong sales activity. While summer is traditionally a slower time for home sales in the LBI real estate market, Loveladies saw much better activity than the third quarter of 2013. Loveladies Real Estate Market Sales in the Third Quarter of 2014 showed how well the real estate market on Long Beach Island has recovered.

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Loveladies Real Estate Market Sales in the Third Quarter of 2014

Single family home sales in the Loveladies real estate market were as follows:

  • Five single family homes sold
  • The average sale price of a single family home in Loveladies was $1,312,800
  • Homes sold in an average of 112 days

In total, over $6,500,000 worth of real estate sold in Loveladies during the third quarter of 2014. The least expensive home to sell was 59 Holly Drive which is a 3 bedroom/ 1 bathroom home selling for $560,000. The most expensive home to sell was 5 Coast Ave which is a 5 bedroom/4.5 bath home selling for $2,700,000. Of the five homes to sell during the third quarter, all traded over the $1,000,000 with the exception of 59 Holly.

When comparing the Loveladies Real Estate Market Sales in the Third Quarter of 2014 to the third quarter of 2013, 2014 showed more homes sold, however at a lower average price. Homes sold more quickly in 2014 which, combined with the higher amount of activity, shows an increasing confidence in the real estate market on Long Beach Island. For more information about the  Loveladies Real Estate Market Sales in the Third Quarter of 2014 or the LBI NJ real estate market in general, feel free to send me a message and I will respond immediately!

 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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