Single-Family Home Sales in the Beach Haven Real Estate Market
Beach Haven Real Estate 2014 Fourth Quarter SalesLong Beach Island Real Estate
The fourth quarter ended a very positive year for home sales in the LBI real estate market. There has been a significant improvement since 2013 as fears caused by Hurricane Sandy faded into memory. With fewer and fewer storm damaged homes on the market, buyers are now purchasing move in ready homes including large new construction. This has helped to increase the overall value of the LBI real estate market, and the limited number of teardown’s has increased property values. Beach Haven Real Estate 2014 Fourth Quarter Sales demonstrates this improvement with a higher number of homes sold at a higher average sales price.
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Beach Haven Real Estate 2014 Fourth Quarter Sales
Sales of single-family homes in Beach Haven were as follows:
- There were 15 single-family homes sold in the Beach Haven real estate market
- The average price of a single-family home was $837,633
- Homes spent an average of 144 days on the market
The least expensive home to sell was 210 South Bay Ave. which was an attached townhome. This three bedroom two bathroom home sold for $318,000 after spending 16 days on the market. The most expensive home to sell was 115 Belvoir Ave. which was a four bedroom 3 1/2 bath renovated Victorian home. This impressive property sold for $1,490,000 after spending 159 days on the market. In addition to these home sales, there were also a few storm damaged homes or teardown’s which were sold as investment opportunities, as well as some traditional Cape Cod style homes and finally some move-in ready contemporaries.
Beach Haven and the Long Beach Island Real Estate Market
2014 was indeed a great year for the Beach Haven real estate market. Each quarter showed an improvement in the average sales price by approximately $100,000. In addition the number of homes sold increased each quarter from five sales in the first quarter up to 15 in the fourth quarter. The Long Beach Island real estate market as a whole mirrored this improvement with more activity at a higher average sales price. For more information about the LBI real estate market or Beach Haven Real Estate 2014 Fourth 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
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