Beach Haven Real Estate Third Quarter Sales in 2015

Long Beach Island New Jersey Real Estate

The real estate market in Beach Haven, perhaps the most well-known area of Long Beach Island, showed steady activity with approximately the same number of homes sold and the same average sales price in the third quarter of 2015 as we saw in the third quarter of 2014. There was one more closed transaction in 2015. However, the average sales price was approximately $50,000 lower than we saw in 2014. All in all, this kind of activity makes Beach Haven real estate third quarter sales in 2015 on the upward trend of the LBI real estate market.

Beach Haven Real Estate Third Quarter Sales in 2015

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

11 single-family homes sold
The average sales price was $1,212,273
The average price per square foot was $573.79
On average, homes spent 179 days on the market

The least expensive home to sell was 205 2nd Street. This home was a historic home built around the turn-of-the-20^th century. This home was a three bedroom one bathroom home selling for $462,000 after spending 82 days on the market. The most expensive home to sell was 1015 South Atlantic Avenue. This home was a five bedroom three bathroom home selling for $2,850,000 after spending 244 days on the market. This oceanfront home had an outstanding location, and offered 2,300 sq. ft. of living space.

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Beach Haven Real Estate and the Long Beach Island New Jersey Real Estate Market

Overall, home sales in the LBI real estate market had a strong third-quarter in 2015. The Beach Haven real estate market was no exception, and helped to contribute to the overall health of the LBI economy. It is interesting to note that of the 11 homes sold, all but one home was above base flood elevation. This is a very telling statistic, which shows and supports the trends of buyers wanting new or renovated homes elevated above the current flood levels. This is very important for both buyers and sellers to keep in mind when evaluating the LBI real estate market for current and future investment potential. For more information about Beach Haven real estate third quarter sales in 2015 or the Long Beach Island New Jersey real estate market in general, contact me and I will answer any questions you have 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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