Single Family Home Sales in Brant Beach on Long Beach Island
Single-family home sales in Brant Beach showed some interesting trends during the first quarter of 2016. Overall, the first quarter of single family home sales on Long Beach Island showed improvement in various aspects when compared to the first quarter of 2015. Brant Beach helps to support this trend with a higher average sales price. However, Brant Beach did register fewer home sales during the same time frame. Brant Beach first-quarter real estate transactions in 2016 showed interesting data that can help anyone when buying or selling in the LBI real estate market.
Brant Beach First Quarter Real Estate Transactions in 2016.
Sales of single-family homes in the Brant Beach real estate market on Long Beach Island are broken down as follows:
- There were six single-family homes sold in the Brant Beach real estate market.
- The average price of a single-family home was $932,083.
- The average price per square foot was $491.29.
- On average, homes spent 276 days on the market and sold for 93.2% of their listing price.
The least expensive home to sell was 6310 Long Beach Boulevard. This home offers four bedrooms and two full bathrooms. This home did have a very high cost of flood insurance, which contributed to the overall lower sales price. Ultimately, it sold for $350,000, which represented just 87.72% of the original listing price. This home spent 223 days on the market and sold for $260.42 per square foot. The most expensive home to sell was 4411 Ocean Boulevard. This was a nice oceanfront property in need of some updates, and offered outstanding views with a strong rental history. This home sold for $1,412,500 after spending 334 days on the market. This sale represented 94.23% of the original listing price and the home traded for $807.14 per square foot.
Overall, the data we see in the Brant Beach real estate market had some positive and negative indicators for the future of home prices on Long Beach Island. It is somewhat alarming to see such a dramatic increase in activity. There were nine closed single-family homes in Brant Beach during the same time frame, 2015 however it is encouraging to see that the average sales price was much higher. The Long Beach Island real estate market as a whole for the first quarter of 2016 registered more closed transactions than the first quarter of 2015. So one would have to conclude that the market activity is strengthening, however, it is important to watch the developing trends in both the individual market on LBI as well as the greater sales market. For more information about Brant Beach real estate transactions in first-quarter of 2016. For the Long Beach Island real estate market in general, 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 | firstname.lastname@example.org
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