Loveladies Real Estate Second Quarter Sales in 2015
The Loveladies real estate market enjoys the distinction of being the highest price market on Long Beach Island. The area is known for its oversized lots and impressive waterfront estates. The natural appeal to this market is self-evident, and Loveladies real estate second quarter sales in 2015 show the strength of this market on Long Beach Island. Sales of single family homes in the Loveladies real estate market were as follows:
- Eight single family homes sold
- The average sales price of a single family home was $1,392,500
- On average, homes spent 326 days on the market and sold for 92.9% of their listing price
The least expensive home to sell was 22 Beacon Drive, which was a 3 bedroom, 1 ½ bath home. After spending 193 days on the market, this home sold for $885,000, and sold for 93.4% of the listing price. The most expensive home to sell was 8 East Seashell Lane, which was a 4 bedroom, 3 ½ bath home selling for $3,350,000. This home spent 32 days on the market, and sold for 95.8% of its listing price. The median sale price of a Loveladies single family home was $1,182,500, and the average price per square foot was $418.22. It is interesting to point out that the average sales price and median sales price were lower in this quarter compared to past quarters. This has to do with several sales under the $1 million price point. This is somewhat illusionary, as these homes were sold as teardowns to make way for new construction. This increases the overall cost of the purchase, and shows a willingness for buyers to invest in the Loveladies real estate market. For more information about Loveladies real estate second quarter sales in 2015 or the LBI real estate market in general, contact me and I will be happy to answer any questions you have.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | email@example.com