SpringLake Real Estate Market

Spring LakeNew Jersey real estate remains active in this community which is the premier summer resort destination of the JerseyShore. You can find plenty to do in SpringLake…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.

SpringLake is conveniently located within easy reach of major means of transportation.

SpringLake’s hotels and bed and breakfast establishments accommodate many tourists both during the summer and cooler months. SpringLake 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, HowellPark, SharkRiver and Charleston Springs.

CurrentSpringLake real estate market conditions reflect the following:

There are currently 61 single-family homes on the market. Seven SpringLake single family homes closed during the monthly period between 9/15/2009 and 10/15/2009 while there are eleven single family homes under contract. The average list price of homes currently on the market is $2,472,822 with a median price of $2,149,000.

From 10/15/2008 thru 10/15/2009, 45 single family homes sold at an average closed price of $1,585,868 compared to 49 during the prior twelve month period at an average closed price of $2,095,447. The list to sell price ratio was 91%.