Beach Haven Park Real Estate Market Update on Long Beach Island
The Beach Haven Park real estate market had very impressive activity during the fourth quarter. There was a wide range of homes sold in various price points which shows the flexibility seen in the LBI real estate market. Overall, Beach Haven Park real estate 2016 fourth-quarter sales helped to perpetuate the upward momentum of the Long Beach Island real estate market.
Beach Haven Park Real Estate 2016 Fourth-Quarter Sales
Sales of single-family homes in the Beach Haven Park real estate market are broken down as follows:
- There were six closed transactions in the Beach Haven Park real estate market on LBI.
- The average price of a single-family home was $841,500.
- The average price per square foot was $524.69.
- On average, homes spent 105 days on the market and sold for 95.28% of their listing price.
The least expensive home to sell was 9801 Long Beach Blvd. which was a three-bedroom raised ranch on the ocean side. This home sold for $480,000 after spending 267 days on the market. This represents a $547.95 price per square foot calculation. The most expensive home to sell was 119 E. Lillie Avenue which was a newer construction on the ocean block. This home sold for $1,600,000 after spending 69 days on the market. This represents a price per square foot of $546.26.
Buying Beach Haven Park Real Estate
Overall, Beach Haven Park real estate sales were strong and help to perpetuate the very positive momentum we have seen throughout the Long Beach Island real estate market. A quick look at the sales shows the importance of location in the LBI real estate market. 9801 Long Beach Blvd. was an excellent home raised well above base flood elevation, yet it sold for less than $500,000. Most likely, the main reason for this is the location on Long Beach Blvd. Generally speaking, homes on Long Beach Blvd. will trade at a lower price. The more expensive homes that trade for substantially more money are located in superior locations either directly on the bayfront or only a couple houses to the beach. It is important to understand how location impacts values in the LBI real estate market. For more information about Beach Haven Park real estate 2016 fourth-quarter sales, please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | firstname.lastname@example.org
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