North Beach Real Estate 2016 Third Quarter Sales
North Beach Real Estate 2016 Third Quarter SalesLong Beach Island Real Estate
The real estate market in North Beach on Long Beach Island New Jersey had a positive third-quarter. Overall, the Long Beach Island real estate market has been showing steady activity and North Beach was no exception. While the average price was slightly lower than we see in previous quarters, this had more to do with the style of homes sold rather than any negative trend in the market. North Beach real estate 2016 third-quarter sales helped to support the overall improvement we have seen in the Long Beach Island real estate market.
North Beach Real Estate 2016 Third Quarter Sales
Sales of single-family homes in the North Beach real estate market are broken down as follows:
- There were a total of seven closed transactions in the third quarter.
- The average price per square foot of a single-family home in North Beach was $420.34.
- The average sales price to list price ratio was 95.36% and homes spent an average of 108 days on the market.
The least expensive home to sell was 2 Sherwood Way. This was an older home on an oversize lot with four bedrooms and two bathrooms. This home sold for $560,000 after spending 197 days on the market. This represents a sales price to list price ratio of 94.92% and a price per square foot of $466.67. The most expensive home to sell was 105 Roxie Ave. This was an older contemporary with five bedrooms and 3 1/2 bathrooms. This home sold for $1,155,000 after spending 115 days on the market. This home sold for $442.19 per square foot and traded at 96.65% of the listing price.
North Beach NJ and the Long Beach Island Real Estate Market
As I mentioned above, the lower average price we saw in North Beach had more to do with the style of homes sold rather than any market trend. The majority of homes sold in the North Beach real estate market were located on the bayside which always trades at a lower price point than the oceanside. Without some oceanside sales to balance out the equation, it is expected that we will see a lower than average sales price. Overall, the real estate market on Long Beach Island has shown considerable growth and improvement. North Beach is certainly no exception with positive activity during the third quarter. For more information about North Beach real estate 2016 third quarter sales or the LBI New Jersey real estate market in general, please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
You May Also Like: