Beach Haven Crest Real Estate Second Quarter Sales in 2015

Beach Haven Crest Real Estate Second Quarter Sales in 2015

Beach Haven Crest Real Estate Second Quarter Sales in 2015
Beach Haven Crest Real Estate Second Quarter Sales in 2015

Long Beach Island Real Estate

Beach Haven Crest, which is a small section of Long Beach Township, registered two closed transactions during the second quarter of 2015. While this may seem like a small amount of activity, it is important to remember that Beach Haven Crest is comprised of only a few streets, so to see any sales in such a short time period is a positive sign. In fact, there were no closed transactions during the second quarter of 2014, so this represents quite an improvement in the LBI real estate market. Beach Haven Crest real estate second quarter sales in 2015 were as follows:

  • 20 East Surf Ave. was a four bedroom two bathroom oceanside home and sold for $656,000
  • 15 West Mea Lane was a four bedroom two bathroom bayside duplex which sold for $382,500

There is a disparity between these two sales even though, at first glance, they appear to be quite similar.  The major difference between the properties has to do with the elevation above base flood and the overall cost of flood insurance. Oceanside properties, like 20 East Surf Ave., are generally a higher ground elevation and will have a lower cost of flood insurance. In comparison, 15 Mea Lane will have a higher cost of flood insurance due to the area in which is located.

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Beach Haven Crest Real Estate and the LBI Real Estate Market

Overall, the real estate market on Long Beach Island had a very strong second quarter. The number of homes sold and the average sale prices were higher, and Beach Haven Crest was no exception. While we cannot run average and median sale prices with only two sales, the fact that there were sales during such a short timeframe shows the positive nature of investment on Long Beach Island. For more information about Beach Haven Crest real estate second quarter sales in 2015 or 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

www.BuyLBI.com

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