Ship Bottom Real Estate Sales Market Update on Long Beach Island NJ
Long Beach Island NJ Real Estate
Long Beach Island NJ Real Estate
Ship Bottom real estate 2016 sales showed a high number of closed transactions and a stable asking price for the area. Compared to the overall LBI real estate market, the average price of a single-family home was substantially less. But this is not uncommon for the Ship Bottom real estate market. Ship Bottom real estate 2016 sales helped to contribute to the upper momentum of the LBI real estate market.
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Ship Bottom Real Estate 2016 Sales
Sales of single-family homes in the Ship Bottom real estate market are broken down as follows:
- There were a total of 49 sold single-family homes in Ship Bottom.
- The average price of a single-family home was $656,561.
- On average, the median sale price was $550,000, and homes sold for $402.22 per square foot.
- On average homes spent 120 days on the market and sold for 94.6% of their listing price.
The most expensive home to sell was 391 W. 12th St. which was a five bedroom 4 1/2 bath home. This home sold for $1,700,000 which was slightly above listing price. The home spent 215 days on the market and sold for $558.48 per square foot. The least expensive home to sell was 316 Central Ave. which was an older two bedroom one bathroom home selling for only $275,000. This home spent 103 days on the market and sold for 78.59% of the listing price. For more information about Ship Bottom real estate 2016 sales or the Long Beach Island 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
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