April Bay Head & Mantoloking Market Update
If you’re thinking about selling your home (or even if you just want to keep up with the market), it's important to have a good understanding of what’s going on in the Bay Head and Mantoloking market. As you'll see from the numbers below, the available inventory for Bay Head and Mantoloking is at a record low, and prices and demand are high. At the moment, there are only 8 homes for sale in Bay Head and Mantoloking combined. Recently, one of our listings sold for more than $100,000 over asking price. A property in Mantoloking recently went on the market, and was under contract in 7 days.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will help you to better track the pulse of the market.
Our April market report showcases everything you need to know about local real estate trends. The statistics below are current averages for Bay Head and Mantoloking combined.
$2,752,681
Average Sales Price
1.88
Months of Supply
135
Average Days on Market
Homes Sold
91.2%
Sale-to-List Price
6
New Listings
(in the last 30 days)
13
Active Listings
1
Under Contract
0
Closed Sales
(in the last 30 days)
What's next?
We believe, and other experts seem to agree, that a new audience of buyers may arrive on the scene as more of the population receives the vaccine, and is eager to return to the lifestyle that they are accustomed to. This includes going on vacation, and buying vacation homes as well. You can read more on this predicted trend here. If you are thinking about selling, the market is likely to remain in your favor for some time, but we do not know when this trend will end.
Curious about whatyour home is worth now?
Get an accurate home value report from us, or, if you have a question, just let us know!
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