Surf City Real Estate Third Quarter Sales in 2015

Long Beach Island New Jersey Real Estate

The Surf City real estate market showed strong activity during the third quarter. Overall, the number of homes sold was impressive, and the average sales price was higher than many of the other LBI real estate markets. Like many areas of the LBI real estate market, Surf City has a variety of homes in different price points and locations. All price points, locations, and designs of homes were well represented in Surf City real estate third quarter sales in 2015.

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Surf City Real Estate Third Quarter Sales in 2015

Single-family homes in the Surf City real estate market traded as follows during the third quarter:

16 single-family homes sold
The average sales price of a single-family home in Surf City was $989,750 with a median sales price of $933,500
The average price per square foot was $470.48
On average, homes spent 123 days on the market
The homes sold for 94.81% of their listing price

The least expensive home to sell was 218 N. 15th Street. This was a 3 bedroom 1 ½ bath home that sold for $396,000 and spent 127 days on the market. This was a nearly full price sale, selling for 99.25% of the listing price. The most expensive home to sell was 15 23rd Street. This was a 4 bedroom 4 ½ bath home built in 2009. This impressive home sold for $1,950,000 after spending 152 days on the market. This home traded at a very high price per square foot of $650.

Surf City and the Long Beach Island New Jersey Real Estate Market

Surf City showed strong activity in the third quarter, as witnessed elsewhere in the LBI real estate market. The mix of homes sold represent the options and opportunities that exist in the LBI real estate market. A number of homes sold were older single-family homes, generally built before 1960, but were located in a favorable base flood elevation. There were a number of newer more contemporary homes sold, including some brand-new constructions, which were built on a speculative basis. Overall, sales in Surf City reflect those of the greater Long Beach Island real estate market and speak to the strength and opportunities that exist here. For more information about Surf City real estate third quarter sales in 2015 or the LBI New Jersey 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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