Ship Bottom Real Estate 2016 Third Quarter Sales
Ship Bottom Real Estate 2016 Third Quarter SalesLong Beach Island Real Estate
The Ship Bottom real estate market showed a total of 15 closed transactions during the third quarter. Overall, the Long Beach Island real estate market has shown steady growth and home sales in Ship Bottom have helped to contribute to this trend. Ship Bottom tends to trade at a lower average price than some of the other areas of Long Beach Island, but it still had some very strong numbers and investment potential. Overall, Ship Bottom real estate 2016 third quarter sales were positive and helped to support the positive growth we see throughout the LBI real estate market.
Ship Bottom Real Estate 2016 Third Quarter Sales
Sales of single-family homes in the Ship Bottom real estate market are broken down as follows:
- There were 15 sold single-family homes.
- The average price of a single-family home in Ship Bottom was $648,433.
- The average price per square foot was $417.06.
- The average time a home spent on the market was 169 days and the sales price to list price ratio was 95.22%.
The least expensive home for sale was 316 Central Ave. This was an older home that essentially sold for land value on an 80 x 65 lot. This home sold for $275,000 after spending 103 days on the market. This represents a price per square foot of $440 and a shockingly low sales price to list price ratio of 78.59%. The most expensive home to sell was 137 E. 23rd Street. The home was a five bedroom 2 1/2 bath home with over 3500 feet of living space. This oceanside home with multiple upgrades sold for $1,450,000 after spending 417 days on the market. This represents a price per square foot of $409.60 and a sales price to list price ratio of 96.73%.
Ship Bottom Real Estate 2016 Third Quarter Sales
As I mentioned above, the average price of a single-family home in Ship Bottom was generally lower than we see throughout the rest of the LBI real estate market. That said, there are a wide range of options available to buyers when searching for homes in the Long Beach Island real estate market in Ship Bottom. Generally, you will get more house for your money in Ship Bottom with easy on and off access to the bridge. This is a very attractive option for many would be buyers. For more information about Ship Bottom real estate 2016 third quarter sales or the Long Beach Island 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
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