Bay Head & Mantoloking Returning To Former Glory
Posted by Shawn Clayton on
Our latest real estate report, detailing the Bay Head and Mantoloking real estate markets, shows a continued recovery in the Bay Head and Mantoloking and a near-return to their glory before Sandy ravaged the area in 2012.
The statistics for 2014 are comparable to the pre-Superstorm Sandy numbers of 2012, which indicate the luxury market is definitely gaining some traction in the boroughs of Bay Head and Mantoloking.
In terms of the number of homes sold, 2014 was a much better year than 2013. Last year 52 homes changed hands compared to 27 in 2013 for a 935 increase. Naturally the total sales figure in dollars was much higher at $77.7 million compared to $42.6 million in 2013. Last year in Bay Head and Mantoloking, the average sale price for…
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