Beach Haven Gardens Real Estate Third Quarter Sales in 2015
The real estate market in Beach Haven Gardens on Long Beach Island produced only one closed transaction during the third quarter of 2015. The single closed transaction was 211 East 34th Street. This was a large oceanfront property on nearly a 9000 sq. ft. lot. This home, which was built in 1962 and renovated in 1987, was purchased for land value. It will be torn down to make way for new construction. This property sold for the full price of $1,999,000 after spending only 10 days on the market. The lot size and location were the major driving forces behind this transaction, and the profit potential for a builder is very large.
Beach Haven Gardens Real Estate and the LBI New Jersey Real Estate Market
As the LBI real estate market continues to improve, we have seen a flurry of speculative real estate purchases over the past year. Buyers and investors have been purchasing knockdown homes, and building magnificent new construction in their place, with the intention of selling. The good news is these homes are selling! There is a demand for new construction in great locations, and investors are taking advantage of this demand. This translates to a great deal of money that can be made in the Long Beach Island real estate market. This is evident in the Beach Haven Gardens real estate third quarter sale in 2015, and the very similar transaction, which took place in Beach Haven Terrace on the oceanfront for a similar price and a similar objective. For more information about Beach Haven Gardens sales or the Long Beach Island New Jersey 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 | firstname.lastname@example.org