Peahala Park Real Estate 2016 Second Quarter Sales on Long Beach Island
Peahala Park Real Estate 2016 Second Quarter Sales on Long Beach IslandLong Beach Island Real Estate
The real estate market in Peahala Park reported one sold single-family home during the second quarter of 2016. It is important to remember that it is not uncommon to see only one or two closed real estate transactions in such a small segment of the LBI real estate market. Peahala Park consists of only a few streets so for there to be any activity in only a three month time span is actually remarkable! Overall, the LBI real estate market had a strong second quarter and current trends point to the third quarter being just as busy for home sales on Long Beach Island New Jersey.
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Peahala Park Real Estate 2016 Second Quarter Sales on Long Beach Island
The single home to sell in Peahala Park was 16 East Sailboat Dr. which was a four bedroom three bathroom home. The house offered 2,100 sq feet of living space and was located on the Oceanside. This home sold for $1,275,000 after spending 66 days on the market. This translated to a price per square foot of $607.14 and a sale price to list price ratio of 94.44%. Overall, home sales in the LBI real estate market proves to be strong during the second quarter of 2016 and the single sale in Peahala Park helped to contribute to this upward momentum. It is interesting to note that newer homes still favor sales over smaller, older Cape Cod styles. Buyers continue to be concerned about flooding and the cost of flood insurance relative to prices in the LBI real estate market. For more information about Peahala Park real estate 2016 second quarter sales on Long Beach Island or for any questions about the Long Beach Island real estate market, 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
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