Spray Beach Real Estate Market Update
Spray Beach real estate 2016 fourth-quarter sales showed stable activity and an interesting mix of homes. Overall, the real estate market on Long Beach Island showed positive activity during the fourth quarter and the nature of homes sold in Spray Beach perpetuate this trend.
Spray Beach Real Estate 2016 Fourth-Quarter Sales
Sales of single-family homes in the Spray Beach real estate market are broken down as follows:
- There were three closed transactions in Spray Beach.
- The average price of a single-family home was $798,333.
- The average price per square foot was $565.60.
- On average, homes spent 120 days on the market and sold for 92.73% of their listing price.
The least expensive home to sell was 110 E. 26th Street which was a three bedroom one and a half bath end user Cape Cod. This home sold for $675,000 after spending 97 days on the market. This represents a sales price to list price ratio of 96.57% and a price per square foot of $573.98. The most expensive home to sell was 101 E. 24th St. which was a very unique historic home selling for $870,000 after spending only 47 days on the market. This represents a sales price to list price ratio of 87.09% and a price per square foot of $414.48. For more information about the Long Beach Island real estate market or Spray Beach real estate 2016 fourth-quarter sales, 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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