Beach Haven Crest Real Estate Transactions in the First Quarter of 2015

Beach Haven Crest Real Estate and Long Beach Island New Jersey Real Estate Sales Update

Beach Haven Crest Real Estate Transactions in the First Quarter of 2015
Beach Haven Crest Real Estate Transactions in the First Quarter of 2015

Long Beach Island Real Estate

The Long Beach Island real estate market showed impressive growth during the first quarter 2015. Overall, the number of homes sold increased and the average sales price was higher as well. There has been much renewed interest in the LBI real estate market in the wake of Hurricane Sandy, as new construction takes place all over the area. With an abundance of new homes and reinvestment and renovation of existing homes, buyers have been taking advantage of the opportunities that currently exist in the LBI NJ real estate market. Beach Haven Crest Real Estate Transactions in the First Quarter of 2015 reflect these trends and demonstrate the opportunities exist for investors on Long Beach Island.

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Beach Haven Crest Real Estate Transactions in the First Quarter of 2015

There was only one closed transaction during the first quarter of 2015 in Beach Haven Crest. The single home to sell was 8001 Long Beach Blvd. which was a storm damaged single-family home on the corner of 80th St. and Long Beach Blvd. This home sold for only $290,000! While there was dwelling on the property, this sale was made for land value only and a new home will be built in its place. This amply demonstrates the opportunities to take advantage of storm damaged homes and build new construction thus increasing the equity in the project and the overall value of the LBI real estate market.

Beach Haven Crest and the LBI Real Estate Market

While there was only one closed transaction in Beach Haven Crest during the first quarter, it is not uncommon to see low activity in the small subsections of Long Beach Township. Beach Haven Crest is only several blocks long, so to see any sales in such a small area is a positive sign. Furthermore, a buyer is clearly willing to invest in the area as they purchased the storm damaged home and plan to build new. For more information about the LBI real estate market or Beach Haven Crest Real Estate Transactions in the First Quarter of 2015 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

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