Beach Haven Crest Real Estate Sales in the First Quarter of 2013

Long Beach Island Real Estate and Beach Haven Crest Real Estate Sales in the First Quarter of 2013

Beach Haven Crest Real Estate Sales in the First Quarter of 2013
Beach Haven Crest Real Estate Sales in the First Quarter of 2013

Beach Haven Crest Real Estate

The first quarter of real estate sales on Long Beach Island was marked by Hurricane Sandy. With such a major weather event impacting Long Beach Island, the entire area and the LBI real estate market as a whole saw a decline in buyer’s confidence. The good news is, LBI has made a quick recovery which has helped to encourage buyers in the LBI real estate market. Despite being particularly hard hit, Beach Haven Crest Real Estate Sales in the First Quarter of 2013 help to show this trend.

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Beach Haven Crest Real Estate Sales in the First Quarter of 2013

Beach Haven Crest single family home sales are as follows:

  • Two single family homes sold
  • The average price of a single family home was $367,500
  • On average, homes spent 128 days on the market

The average price of a single family home was very low compared to the rest of the LBI real estate market. Both homes to sell were storm damaged homes, which means there were sold for land value with little to no consideration given to the damaged building on the property. These homes will either be torn down to make way for new construction or renovated. In either case, this should increase the overall value of the homes in the LBI real estate market above pre-Sandy prices.

Beach Haven Crest and the LBI Real Estate Market

The damage caused by Hurricane Sandy is undeniable, and the impact of the storm on the LBI real estate market will be long felt. Overtime, the damage caused will be fully restored and the new homes will have a positive impact on home prices in the LBI real estate market. For more information about Beach Haven Crest Real Estate Sales in the First Quarter of 2013 or the real estate market on Long Beach Island, send me a message with your questions and I will respond right away!

 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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