Spring Lake Real Estate Market

Spring Lake New Jersey real estate remains active in this community which is the premier summer resort destination of the Jersey Shore. You can find plenty to do in Spring Lake…shop along Third Ave., Spring Lake’s commercial district, take a stroll around the lake for which the town is named, jog or walk its non-commercial boardwalk, sunbathe and swim on Spring Lake’s beaches or just take a casual bike ride around town.

Spring Lake is conveniently located within easy reach of major means of transportation.

Spring Lake’s hotels and bed and breakfast establishments accommodate many tourists both during the summer and cooler months. Spring Lake also hosts an annual five mile run which has grown to be one of the largest on the east coast.

There’s plenty of golf nearby at Monmouth Counties award winning courses at Hominy Hill, Howell Park, Shark River and Charleston Springs.

Current Spring Lake real estate market conditions reflect the following:

There are currently 70 single-family homes on the market. Three Spring Lake single family homes closed during the monthly period between 06/01/2008 and 06/30/2008 while there are eight single family homes under contract. The average list price of homes currently on the market is $2,777,953 with a median price of $2,247,000.

From 06/01/2007 thru 06/01/2008, 44 single family homes sold at an average closed price of $2,211,375 compared to 65 during the prior twelve month period at an average closed price of $2,020,015. The list to sell price ratio was 94.02%.

LISTINGS CLOSED	3
PENDING SALES	8
ACTIVE LISTINGS	70
AVG. LIST PRICE	2,777,953.00
AVG. DAYS ON MARKET	140 DAYS
MEDIAN LIST PRICE	2,247,000.00
	YEAR-TO-DATE                 06/01/2008
CLOSED LISTINGS	44
AVG. LIST PRICE	2,351,930.00
AVG. SALE PRICE	2,211,375.00
SALE TO LIST PRICE %	94.02%

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