August 2016 Sales in the Beach Haven West Real Estate Market
Sales of single-family homes in the Beach Haven West real estate market had a strong showing in August 2016. In total there were nine closed transactions during August in a variety of price points and intended uses. This is common in the Beach Haven West real estate market as storm damaged homes continue to clear from the market and the average price tends to rise as new construction makes a solid showing. Details of August 2016 sales in the Beach Haven West real estate market show some interesting trends in the marketplace.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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August 2016 Sales in the Beach Haven West Real Estate Market
Sales of single-family homes in the real estate market are broken down as follows:
- There were nine closed transactions in August and the average price of a single-family home was $410,611.
- The average price per square foot was $207.31
- On average, homes spent 153 days on the market and sold for 96.18% of the listing price.
The least expensive home to sell was 59 Patrick Drive which spent only 19 days on the market and sold for $190,000. This represents a price $1000 above listing price! This home suffered damage during Hurricane Sandy and essentially was sold as a teardown. The most expensive home to sell was 2032 Mill Creek Road which was a five bedroom 3 1/2 bathroom new construction. This home sold for $736,000 after spending 374 days on the market. It’s represented a sales price to list price ratio of 98.15% and price per square foot of $294.40
Beach Haven West Real Estate Market
Overall, sales and the Beach Haven West real estate market have been robust. We do see a trend moving towards new construction and renovated homes outpacing the older storm damaged homes but this has much to do with inventory levels. Most of the inventory of storm damaged homes have been purchased already, torn down, and new homes built in their place. This overall improvement to the Beach Haven West real estate market will help to keep prices stable and the market secure. For more information about the August 2016 sales in the Beach Haven West real estate market please do not hesitate to contact us.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com