Bayville Homes Sold Market Analysis for 2015
Whether buying or selling a home in Berkeley Twp, understanding the local housing market is invaluable. This report uses localized housing statistics for Berkeley Twp including average sale price, number of homes sold and average days on market, along with other valuable information (for this statistical analysis, Bayville and Berkeley are considered a single entity).
This is a comparison of sold homes in Bayville between 2014 and 2015
Single Family Homes in Bayville:
Summary: Over the last year the average sale price of single family homes in Bayville increased by 1%, the number of single family home sales increased by 25% and the average days a home sat on the market decreased by 19% before selling.
- Average sale price of a single family home in 2014 was $266,062; in 2015 the average sale price was $270,563, an increase of 1%.
- Number of sold homes in Berkeley in 2014 was 263; in 2015 it was 329, an increase of 25%.
- Average number of days that a home was on the market before it sold in 2014 was 112; in 2015 the average was 90 days, a decrease of 19%.
Adult Communty Homes in Berkeley Twp:
Summary: Over the last year, the average sale price for an adult community home in Berkeley Twp increased by 4%, the number of adult community homes sold in Berkeley Twp increased by 11% and the average days on market increased by 5%
- Average sales price in 2014 was $134,929; in 2015 the average sales price was $140,799, an increase of 4%.
- Number of adult community homes sold in Berkeley Twp in 2014 was 760; the number for 2015 was 845, an increase of 11%
- Average days on market in 2014 was 113; in 2015 it was 118, an increase of 5%
Summary: Over the last year, the average sale price for condominiums in Bayville (usually waterfront) increased by 26% from the previous year, the number of condos sold increased by 88% and the average days on market for condos that did sell remainded the same, 164 days.
- Average sale price in 2014 was $243,239; average sale price in 2015 was 308,594, an increase of 26%.
- Number of condos sold in Bayville in 2014 was 9; in 2015 it was 17, an increase of 88%.
- Average days on market for a condo in Bayville that sold in 2014 was 164; in 2015 that number increased was the same.
Other Significant Berkeley Twp Housing Market Statistics: 
- Over 213 million dollars worth of real estate was sold in Berkeley Twp in 2015, an increase of 22%
- Average days on market for all homes (both those that sold and those that did not) decreased by 15%
- It took an average of 130 days for the sale of a house in Bayville to be completed - a decrease of 2% (this is from the day the house goes on the market to the day the new owner takes possession).
What's YOUR Bayville Home Worth?
All the above statistics point to a recovering housing market in Berkeley Twp and an increase of sales and sale prices for 2016.
Please contact me with any questions; I'll be happy to help in any way possible!
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