Ship Bottom Real Estate 2016 Second Quarter Sales on Long Beach Island

Ship Bottom Real Estate 2016 Second Quarter Sales on Long Beach Island

Ship Bottom Real Estate 2016 Second Quarter Sales on Long Beach Island

Ship Bottom Real Estate 2016 Second Quarter Sales on Long Beach Island
Ship Bottom Real Estate 2016 Second Quarter Sales on Long Beach Island

Long Beach Island Real Estate

The real estate market in Ship Bottom had a strong second quarter which is a trend we see elsewhere throughout the LBI real estate market. It is important to remember that Ship Bottom tends to have anĀ average sales price for a single-family home lower than other neighborhoods throughout Long Beach Island. This is partly due to the smaller lot sizes and higher density of the area. The average price of a single-family home in Ship Bottom was $573,708 which is substantially lower than other areas, but not out of line for Ship Bottom. Overall, Ship Bottom real estate 2016 second quarter sales on Long Beach Island performed well and support the general data of a higher LBI real estate market.

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Ship Bottom Real Estate 2016 Second Quarter Sales on Long Beach Island

Sales of single-family homes in the Ship Bottom real estate market are broken down as follows:

  • There were 12 closed in the family homes during the second quarter in Ship Bottom.
  • The average price of a single-family home was $573,708.
  • The average price per square foot was $365.75.
  • On average, homes spent 170 days on the market and sold for 92.72% listing price.

The least expensive home to sell was 257 W. 18th St. which was a four bedroom two bathroom house above base flood elevation. This home sold for full price, $429,000, after spending only 14 days on the market. The most expensive home to sell was 70 Barnegat Avenue which was a five bedroom 4 1/2 bath home. This large house, over 3,500 sq. feet, spent 106 days on the market and sold for 97.24% of its listing price. The interesting dynamic regarding this sale is the price per square foot at only $199.38. That is a shockingly low price per square foot for a home and can be explained by the location on a busy corner in Ship Bottom. This emphasizes the importance of location when pricing a home for sale in the LBI real estate market. Overall, single family home sales in Ship Bottom were strong during the second quarter, and as I mentioned above, continue to support the general strengthening and improvement in the LBI real estate market. For more information about Ship Bottom real estate 2016 second quarter sales on Long Beach Island or for information about buying a home in the LBI real estate market, contact me and I will respond right away.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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