Beach Haven Second Quarter Real Estate Sales in 2015

Long Beach Island Real Estate

Real estate sales in Beach Haven’s single family home market on Long Beach Island had a very impressive second-quarter. A total of 17 single family homes were sold during this time with a strong average price and average time spent on the market. Overall, Beach Haven second quarter real estate sales in 2015 reflect the general strength of the greater LBI real estate market.

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Beach Haven Second Quarter Real Estate Sales in 2015

Single family home sales in the Beach Haven real estate market were as follows:

17 single family homes sold
The average price of a single family home was $899,456 with a median sales price of $765,000
The average price per square foot of a single family home was $481.33
On average, homes sold for 93.6% of their listing price and spent 187 days on the market

The least expensive home to sell was 321 Leeward Ave, which was a 4 bedroom, 1 ½ bath home built in 1970. This home sold for $500,000, after spending 186 days on the market. The most expensive home to sell was 1412 Atlantic Ave., which was a 5 bedroom, 3 ½ bath home built in 1995. This 3600 sq. ft. home sold for $1,700,000, after spending 122 days on the market. As we have seen elsewhere, some homes were purchased as complete tear downs to make way for new construction. Due to its excellent location and proximity to the beach, 224 Jeffries Ave., an older home selling for $707,000, is one such example. A new home will be built in this location, which will have substantially more value, and add to the overall health and economy of the greater LBI real estate market.

Long Beach Island Real Estate Sales and the Beach Haven Real Estate Market

Beach Haven is one of the more popular areas of the LBI real estate market. Beach Haven has broad appeal with a high concentration of activities, as well as quiet residential areas. For this reason, Beach Haven attracts many buyers, as was evidenced with the 17 closed single family homes in the second quarter. For more information about the LBI real estate market or Beach Haven second-quarter real estate sales in 2015, 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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