Single-Family Home Sales in Beach Haven
Beach Haven Real Estate 2014 First Quarter SalesLong Beach Island Real Estate
The first quarter of 2014 saw the LBI real estate market activity increase. This is a trend we saw elsewhere on the LBI as the fear from Hurricane Sandy abated. Most of the storm damaged homes that were for sale in the LBI real estate market have been cleared, and impressive new construction has taken their place. This significant investment in the LBI real estate market has helped to increase home prices and improve the overall safety on Long Beach Island. Beach Haven Real Estate 2014 First Quarter Sales reflects this trend.
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Beach Haven Real Estate 2014 First Quarter Sales
Sales of single-family homes in Beach Haven were as follows:
- Five single-family homes sold in Beach Haven real estate market
- The average sales price was $653,000
- Homes spent an average of 108 days on the market
The least expensive home to sell was 407 Center St. a four bedroom 2 1/2 bath home that sustained some damage from Hurricane Sandy. This home sold for $425,000 after spending 35 days on the market. The most expensive home to sell was 323 Iroquois Avenue which was a four bedroom 2 1/2 bath bank owned home which traded four $950,000 after spending 86 days on the market.
Beach Haven and the LBI Real Estate Market
It is very interesting to see that two of the five closed transactions in Beach Haven saw some level of bank involvement. Short sales, foreclosures, and bank owned properties are very rare on Long Beach Island. It is very surprising to see two closed transactions in a given quarter have some bank involvement. Apart from the home on Iroquois, the other home that saw bank involvement was 226 E. 7th St. which was a raised ranch selling for $425,000. For more information about the LBI real estate market or Beach Haven Real Estate 2014 First Quarter Sales, contact me and I will respond right away.
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