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

Beach Haven Park Real Estate Update that Long Beach Island New Jersey Real Estate Sales

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

Long Beach Island Real Estate

The Long Beach Island real estate market had a very positive first quarter. As buyers became more educated about the costs of flood insurance and interest rates continue to remain low, sales of single-family homes, condominiums, and duplexes remain steady or improved. Beach Haven Park Real Estate Transactions in the First Quarter of 2015 showed slightly less activity in 2015 as compared to 2014, but a much higher average price.

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

Sales of single-family homes in Beach Haven Park were as follows:

  • There were two close transactions during the first quarter
  • The average sales price was $837,500 with a median sales price of $837,500 as well
  • The average price per square foot was $433.53
  • On average, homes in Beach Haven Park spent 177 days on the market and sold for 96.51% of their listing price

On the two close transactions, it is important to point out that one sale was in fact a side-by-side town house. While this property was marketed as a single family home, it is in fact a condominium. The property offered three bedrooms 2 1/2 bathrooms and was brand-new construction on the Bayside selling for $620,000. The other sale in Beach Haven Park was 20 E. Alabama which was a four bedroom 2 1/2 bath home built in 2002. This home sold for $1,055,000 after spending 126 days on the market.

Beach Haven Park Real Estate Sales in the LBI New Jersey Real Estate Market

The sales in the Beach Haven Park real estate market showed some interesting trends we see elsewhere on Long Beach Island. There is a great deal of difference in the value of the Oceanside and Bayside property. This is evident in the fact that a new construction on the Bayside, albeit smaller and with one less bedroom, sold for over $400,000 less the Oceanside counterpart which was built in 2002. Location has always been a primary factor in considering property values for the LBI real estate market and it is a trend that appears to be continuing. For more information about the Long Beach Island real estate market or Beach Haven Park 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

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