Beach Haven Park Real Estate Fourth Quarter Sales in 2015

Long Beach Island New Jersey Real Estate

The real estate market in Beach Haven Park on Long Beach Island continued to reflect the trends we see elsewhere in the LBI real estate market. Overall, there is a general improvement in home sales with three times as many properties trading during the fourth quarter of 2015 as we saw in the fourth quarter of 2014. The average price of a single-family home was somewhat lower, however the difference in average sale prices between the two years amounts to only a small percentage. This can be explained by the nature of homes sold more than a true reflection of the market trends. Beach Haven Park real estate fourth quarter sales in 2015 were certainly strong and support the general improvement of the LBI real estate market.

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Beach Haven Park Real Estate Fourth Quarter Sales in 2015

Sales of single-family homes in the Beach Haven Park real estate market on Long Beach Island were as follows:

There were six single-family homes sold.
The average price of a single-family home was $877,300.
On average, homes sold for $442.85 per square foot.
On average, homes sold for 91.31% of their listing price and spent a total of 190 days on the market.

The least expensive home to sell was 43 W. California. This was a 4 bedroom, 1 ½ bath bayside single-family home. The home was below base flood elevation and had a higher than average cost of flood insurance. This home sold for $527,000 after spending only 30 days on the market. This reflected 98.6% of the original listing price. The most expensive home to sell was 16 East Texas Avenue. This was a 4 bedroom, 4 ½ bath new construction on the oceanside. This home sold for $1,260,000 after spending 65 days on the market.

Beach Haven Park and the Long Beach Island Real Estate Market

It is interesting to show that 43 West California Ave. was a home which sold very quickly despite having a high cost of flood insurance. This goes against some of the trends we see elsewhere in the LBI real estate market. Many buyers are timid when considering purchase of a home below base flood elevation. 43 W. California was priced and marketed well, which is why it sold so quickly and for such a small differential between the listing and sales price. Today, buyers are very informed, and can recognize a property priced well and offering real value in the LBI real estate market. For more information about Beach Haven Park real estate fourth quarter sales in 2015 or the LBI 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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