Brighton Beach Real Estate 2016 Fourth-Quarter Sales

Long Beach Island NJ Real Estate

Brighton Beach Real Estate Market Update

Long Beach Island NJ Real Estate
Long Beach Island NJ Real Estate

 

Long Beach Island NJ Real Estate

Brighton Beach Real Estate 2016 Fourth-Quarter Sales showed one closed transaction during the fourth quarter. Overall, the Long Beach Island real estate market had a positive upward trend during the fourth quarter of 2016 and while only one sale may seem unusual, it is important to remember that Brighton Beach is a very small section of Long Beach Township. Frequently, many of the small towns on LBI will have no sales in such a short timeframe, so the presence of any activity is a positive sign for the Brighton Beach real estate 2016 fourth-quarter sales.

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Brighton Beach Real Estate 2016 Fourth-Quarter Sales

The single home to sell was 8403 Long Beach Blvd. which was a mixed use single-family home with commercial capabilities (which can create difficulties when seeking a mortgage). This home sold for $593,000 after spending 160 days on the market. This represents a sale price to list price ratio of 91.37% and a price per square foot of $266.64.

As I mentioned above, the Long Beach Island real estate market had a strong fourth-quarter with a slightly higher sales price and roughly the same amount of activity as a year before. Brighton Beach real estate 2016 fourth-quarter sales perpetuate this positive trend. It seems past activity has been strong and the market outlook is positive for 2017.

For more information about the LBI real estate market, please do not hesitate to contact me.

 

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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