Peahala Park Real Estate Sales Update in the Long Beach Island NJ Real Estate Market
Peahala Park real estate 2016 sales showed steady activity and overall market statistics in line with that of the greater Long Beach Island real estate market. Overall, the average price of a single-family home was slightly higher than the average price for the entire Long Beach Island real estate market. The average price was driven up by some higher end sales and new construction in the Peahala Park real estate market.
Peahala Park Real Estate 2016 Sales
Sales of single-family homes in the Peahala Park market are broken down as follows:
- There were seven closed transactions in the single-family home real estate market.
- The average price was $1,041,000.
- The medium sale price was $950,000.
- The average time a home spent on the market was 114 days.
- The average price per square foot was $501.24.
- The average sale price to list price ratio was 93.47%.
The least expensive home to sell was 18 E. Cape Cod Lane which was a small three bedroom one and a half bath home built in 1944. This home sold for $562,000 after spending 148 days on the market. The most expensive home to sell was 120 E. Herbert which was a teardown oceanfront on a large lot selling for $2,010,000 after spending 90 days on the market. As I mentioned above, there were some higher end new construction sales which helped to drive the average price higher. For more information about Peahala Park real estate 2016 sales or the LBI 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 | email@example.com
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