Barnegat Light Real Estate Market Sales First Quarter 2014

LBI Real Estate Sales In Barnegat Light For The First Quarter Of 2014

Barnegat Light Real Estate Market Sales First Quarter 2014
Barnegat Light Real Estate Market Sales First Quarter 2014


Barnegat Light and the LBI Real Estate Market

For the first quarter of 2014, the Barnegat Light real estate market got off to a slower start with only four closed transactions. This trend is generally true of the entire Long Beach Island real estate market since the holiday season preceding the first quarter is usually a slow time for real estate transactions. Barnegat Light Real Estate Market Sales in the First Quarter of 2014 still showed more activity than the first quarter of 2013.

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Barnegat Light Real Estate Market Sales First Quarter 2014

Sales of single family homes in the Barnegat Light real estate market were as follows:

  • Four single family homes sold
  • The average price of a home in Barnegat Light was $783,500
  • On average, homes spent only 70 days on the market

The lease expensive home to sell in the first quarter of 2014 was a 4 bedroom, 1 and 1/2 bath home trading at $575,000. The most expensive sale was a 4 bedroom, 2.5 bath home on Bayview Ave with amazing views trading at $999,000.
The average price of a single family home was higher than the preceding quarter and the first quarter of 2013. The improving average price is strong evidence of a stronger LBI real estate market post Hurricane Sandy. The average days on the market was far less than past months and lower than the average days on market for Long Beach Island. At only 70 days, it shows buyers are willing to close quickly on their purchase! Home prices on Long Beach Island in general improved as the concerns about flood insurance and recent revisions to the policies have to lessen buyer’s concerns.

For more information about Barnegat Light Real Estate Market Sales in the First Quarter  of  2014 or if you have any questions about the Long Beach Island real estate market, feel free to send me a message and I will be happy to help!

By : Nathan Colmer | The Van Dyk Group

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

www.BuyLBI.com

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