Sales of Single Family Homes in the Barnegat New Jersey Real Estate Market
Barnegat NJ Real Estate
The real estate market in Barnegat New Jersey showed stable activity during the first quarter. Overall, the real estate market showed improvement over the first quarter of 2014 which hold in line with the general improvement in the Southern Ocean County real estate market. Barnegat real estate sales in the first quarter of 2015 started the year off on a positive note.
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Barnegat Real Estate Sales in the First Quarter of 2015
Sales of single-family homes in the Barnegat real estate market were as follows:
- 29 single-family homes sold in the Barnegat real estate market
- The average sales price was $197,976 with a median sales price of $203,000
- On average, homes sold for 93.7% of their listing price and spent 192 days on the market
A comparison to 2014 shows some general improvement in the Barnegat real estate market. The average price of a single-family home was lower in 2015 by approximately $14,000 however the median sales price was approximately $20,000 higher. Taken together, this shows that more expensive homes have been selling which generally translates to a market improvement. Home sale prices ranged from a low of $46,000 to a high of $390,940. It is interesting to note that three homes sold at or above full price with one in particular selling for 107.41% of its listing price.
Barnegat New Jersey Real Estate Home Sales
The real estate market in Southern Ocean County has been showing improvement and Barnegat appears to be no exception. Overall, the real estate market showed stable growth which is to be expected given the positive signs we have seen elsewhere in the area. Interest rates are still attractive, and there are opportunities in the market for both move-in ready and storm damaged real estate. For more information about Barnegat real estate sales in the first quarter of 2015 feel free to contact us and we will be happy to answer any questions you have.
The Beach Haven West Real Estate Group and Southern Ocean County Real Estate Specialists
Farrah Pileggi 201-952-4131| Kim Pileggi 732-887-4853 | Nathan Colmer 609-290-4293