Single Family Home Sales in the Beach Haven Real Estate Market
Beach Haven Real Estate First Quarter Transactions in 2016Long Beach Island NJ Real Estate
The real estate market in Beach Haven on Long Beach Island, showed a strong first quarter with eight closed single-family homes. Overall, the LBI real estate market had a mixed first-quarter with some areas showing impressive growth. While other areas showed a stagnation. Largely, the area is that we just tended to be in the most expensive price points like Loveladies and North Beach. It is my opinion, that much of the slowdown in these higher and markets was attributed to a poor performance of the stock market in January. As the economy improves, so too did we see an increase in activity in the LBI real estate market. Beach Haven real estate first Quarter transactions in 2016 certainly support this trend.
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Beach Haven Real Estate First Quarter Transactions in 2016
Sales of single-family homes in the Beach Haven real estate market were broken down as follows:
- There were eight single-family homes sold
- The average price was $1,039,125.
- The average price per square foot was $526.33.
- On average, homes spent 204 days on the market and sold for 96.70% of their listing price
The least expensive home to sell was 413 Center St. which was a Bayside home raised above base flood elevation. This home sold for $595,000, which represented 97.7% of the listing price. This home sold for $423.79 per square foot and spent 112 days on the market. The most expensive home to sell was 220 Fairview Ave. This brand-new construction sold in only 29 days before it was even finished being built! The home sold for $1,607,000 which represented 100.5% of the listing price. This house traded for $584.36 per square foot.
Beach Haven and the Long Beach Island Real Estate Market
Beach Haven real estate market showed a wide range of homes being sold. Sometimes, especially in the smaller areas of the LBI real estate market, we see activity exclusive to only Oceanside properties in any given quarter. In Beach Haven, and is certainly not the case. We see transactions taking place in all locations however, the Oceanside continues to reign supreme in activity. It is important for both buyers and sellers to keep property location in mind when considering a Long Beach Island real estate transaction. There is no greater influence on price. The location and is wise and prudent for buyers and sellers to keep these trends in mind when pricing a home. For more information about Beach Haven real estate first-quarter transactions in 2016 or information about the Long Beach Island real estate market in general, contact me and I will be happy to answer any questions you have.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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