There is light at the end of the tunnel for Bayonne homeowners including residents of Boatworks Bayonne whose single family attached houses have struggled to return to pre “real estate market slump” 2007/2008. With limited inventory and high demand sellers are achieving higher prices for their homes.
During the 12 month period November 2105 thru October 2016 the number of units recorded as sold increased by 9% over the period November 2014 thru October 2015.
The average sold price increased by 5% during 2015 – 2016 @$268,810.
The average sold to list price ratio is now 95.30% compared to 2014/2015 when it was 94.22%.
Although these increases may seem small compared to other areas, Bayonne homeowners can look forward to an improved market in 2017.
If you’d like to find out the value of your Bayonne home call Janice Hall at 201 232 8577.
