Long Beach Island Bayside Single-Family Home Sales Update

Long Beach Island Bayside Single-Family Home Sales Update

Long Beach Island Bayside Single-Family Home Sales Update

 

Long Beach Island Bayside Single-Family Home Sales Update
Long Beach Island Bayside Single-Family Home Sales Update

 

LBI NJ Real Estate

The bayside area of the Long Beach Island real estate market showed explosive activity over the past six months. There were substantially more homes sold, which is rather surprising given the perceived higher demand of the oceanside, ocean block, and oceanfront areas of the LBI real estate market. Much of this demand can be attributed to the lower price points a buyer will find on the bayside areas of the LBI real estate market. As you will see in this Long Beach Island bayside single-family home sale update, the range of options available to buyers is highly appealing.

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

 

Long Beach Island Bayside Single-Family Home Sales Update

For over the past six months, sales of single-family homes on the bayside areas of the LBI real estate market are broken down as follows:

  • There were 94 closed transactions.
  • The average price of a single-family home was $692,084.
  • The average price per square foot was $404.27.
  • On average, homes spent 162 days on the market.

Long Beach Island real estate bayside single-family home prices ranged from $295,000-$1,265,000. What is interesting to point out about the statistic is the considerably lower price in comparison to the oceanside areas. The most expensive home to sell was a newer construction with over 3600 sq.ft. of living space and a 10,000 square foot lot. The less expensive price is influenced by the lower home values on the bayside areas of the LBI real estate market. That said, the bayside offers a quieter location, and on most of LBI, a very short walk to the beach.

For more information about the Long Beach Island bayside single-family home sales update, or the Long Beach Island 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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