Brant Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Brant Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Brant Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Brant Beach Real Estate 2016 Second Quarter Sales on Long Beach Island
Brant Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Long Beach Island Real Estate

Single-family homes in the Brant Beach real estate market on Long Beach Island showed higher activity and a stable average price during the second quarter. When compared to the second quarter of 2015, the average price was slightly lower for second quarter. However, the sales were significantly higher. It is important to remember that a difference of $50,000-$100,000 can often times be considered stable in a market such as Long Beach Island where homes sell at a premium. Overall, Brant Beach real estate 2016 second quarter sales on Long Beach Island support the general improvement we are seeing throughout the LBI real estate market.

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Brant Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Sales of single-family homes in the Brant Beach real estate market on Long Beach Island are broken down as follows:

  • There were 11 closed single-family home transactions in Brant Beach.
  • The average price of a single-family home was $1,266,818.
  • The average price per square foot was $527.55.
  • On average, homes spent 165 days on the market and sold for 94.06% of their listing price.

The least expensive home to sell was 15 W. 44th St. which was a well-maintained raised ranch with nice views of the bay. This three bedroom home sold for $557,000 after spending 58 days on the market. This represented a sales price to list price ratio of 97.89% and a price per square foot of $465.72. The most expensive home to sell was 5413 Ocean Blvd. which was a magnificent fairly new construction oceanfront estate. This large home has five bedrooms with 5 1/2 bathrooms and just under 3,800 sq. feet of living space. This home sold for $3,550,000 after spending 160 days on the market. This represents a sales price of $938.16 per square foot, which is about the average we see for new or near new construction on the oceanfront throughout the Long Beach Island real estate market. The dynamics of the Brant Beach real estate market during the second quarter on Long Beach Island were of those we see throughout the Long Beach Island real estate market. New and elevated homes drew more attention than their older more traditional counterparts as buyers continue to be concerned with topics such as base flood elevation and the cost of flood insurance. Overall, the trends we see in the Brant Beach real estate market are reflective of those we see elsewhere on Long Beach Island and continue to support the general improvement of home prices and activity in the LBI real estate market. For more information about Brant Beach real estate 2016 second quarter sales on Long Beach Island or the LBI real estate market in general, please do not hesitate to contact me.

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

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