Long Beach Island Bayfront Single-Family Home Sales

Long Beach Island Bayfront Single-Family Home Sales

Long Beach Island Bayfront Single-Family Home Sales

Long Beach Island Bayfront Single-Family Home Sales
Long Beach Island Bayfront Single-Family Home Sales

 

 

LBI NJ Real Estate

Long Beach Island New Jersey bayfront single-family home sales show some interesting statistics when compared to the other locations throughout the LBI real estate market. Bayfront homes offer outstanding views and great opportunities for boaters, especially if the home has riparian rights. The price point is far lower than being on the oceanfront, yet there are still amazing views and sunsets without comparison!

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Long Beach Island Bayfront Single-Family Home Sales

Sales of single-family homes on the bayfront in the LBI real estate market over the past six months are broken down as follows:

  • There were 18 closed single-family transactions.
  • The average price of a single-family home was $1,175,361.
  • The average price per square foot was $559.68.
  • On average, homes spent 191 days on the market.

Home prices ranged from $750,000-$1,700,000 with the least expensive home being a Hurricane Sandy damaged tear down. This home was essentially sold for land value. The most expensive home to sell was a custom designed bayfront on a large lot with outstanding views. The data shows us a wide range of home styles and price points throughout the bayfront areas of the LBI real estate market and the positive price point helps to explain why the LBI real estate market has been witnessing such a strong sales season.

For more information about Long Beach Island New Jersey bayfront single-family home sales, or the Long Beach Island New Jersey real estate market in general, 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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