Spray Beach Second Quarter Real Estate Sales in 2015

Long Beach Island Real Estate

In anticipation of the summer season, the second quarter of real estate sales on Long Beach Island continued to show strong activity. It is important to remember that in an economy such as Long Beach Island, the entire year will, more or less, center around the summer season. Therefore, timing of both residential and commercial real estate transactions is very important. Spray Beach second quarter real estate sales in 2015 certainly reflect this trend.

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Spray Beach Second Quarter Real Estate Sales in 2015

Sales of single family homes in the Spray Beach real estate market on LBI were as follows:

Three single family homes sold during this timeframe
The average sales price of a single family home was $631,667, with a median sales price of $555,000
The average price per square foot of a single family home was $404.17
On average, homes spent 174 days on the market, and sold for 89.34% of the listing price

Spray Beach and the LBI Real Estate Market

Spray Beach, which is a small subsection of Long Beach Township, offers mass appeal to homebuyers. It is a relatively quiet residential neighborhood, yet very close to the attractions of Beach Haven. For this reason, we see a strong mix of home buyers and investment purchases taking place. 2108 Beach Ave., which was a single family home, was purchased for the purpose of demolition. A new home in this location will add a substantial amount of value to the area and to the market, further improving the overall value of the Spray Beach real estate market. For more information about spray Beach second quarter real estate sales in 2015 or the LBI real estate market in general, contact me and I will be happy to answer any questions you have.

By : Nathan Colmer | The Van Dyk Group

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

www.BuyLBI.com

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