Spray Beach Real Estate 2016 Sales and the LBI New Jersey Real Estate Market
Long Beach Island NJ Real Estate
Long Beach Island NJ Real Estate
Spray Beach real estate 2016 sales on Long Beach Island showed weak activity when compared to the rest of the Long Beach Island real estate market. It is not surprising to see slower activity in some of the smaller towns of Long Beach Township. Spray Beach had a rather slow year which went against the norm of the overall sales market on Long Beach Island. In total, the Long Beach Island New Jersey real estate market had a very strong 2016 with a steady sales price and substantially more activity when compared to 2015.
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Spray Beach Real Estate 2016 Sales
Sales of single-family homes in the Spray Beach real estate market on Long Beach Island are broken down as follows:
- There were seven sold single-family homes in Spray Beach during 2016.
- The average price for a single-family home was $711,071.
- The median sale price was $675,000.
- On average, homes sold for $548.83 per square foot.
- On average homes sold for 93.49% of their listing price and spent 161 days on the market.
The least expensive home to sell was 2209 Beach Ave. which was an older four bedroom two bathroom home that was in need of substantial work. This home sold for $562,500 which represented a sale price to list price ratio of 90%. The most expensive home to sell was 101 E. 24th St. which was a five bedroom home selling for only $870,000. This represents a sale price to list price ratio of 87.09%. For more information about Spray Beach 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
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