Brant Beach Real Estate 2016 Third Quarter Sales
Brant Beach Real Estate 2016 Third Quarter Sales
Long Beach Island Real Estate
The Brant Beach real estate market, which is one of the larger sections of Long Beach Township on Long Beach Island, showed strong activity during the third quarter. Of the 15 single-family homes that sold, there was a healthy mix of new construction and older traditional beach houses. Taken as a whole, Brant Beach real estate 2016 third quarter sales helped to contribute to the upward momentum and investment potential we have seen in the Long Beach Island New Jersey real estate market.
Brant Beach Real Estate 2016 Third Quarter Sales
Sales of single-family homes in the Brant Beach real estate market are broken down as follows:
- There were a total of 15 closed transactions in the Brant Beach real estate market.
- The average price of a single-family home was $1,281,633.
- The average price per square foot was $529.57.
- The average list price to sales price ratio was 94.98% and homes spent approximately 185 days on the market.
The least expensive home to sell was 7 Sea Gull Ave. This is one of the few remaining storm damage homes in the LBI real estate market and was sold essentially for land value. This home sold for $330,000 after spending 115 days on the market. This represents a sales price to list price ratio of 90.29% a price per square foot of $429.69. The most expensive home to sell was 5605 Ocean Blvd. which was a newer oceanfront property boasting over 5000 feet of living space with nine bedrooms and 6 1/2 bathrooms. This magnificent home sold for $3,900,000 after spending a shocking 1163 days on the market! This represents a sales price list to price ratio of 97.62% and a price per square foot of $731.98.
Brant Beach NJ and the LBI New Jersey Real Estate Market
Overall, Brant Beach real estate sales were positive and helped to support the growth we have seen throughout the LBI real estate market. It is interesting to note that there were three closed oceanfront homes during the third-quarter, one of which spent an astronomically long time on the market. The second least expensive home to sell was 6409 Ocean Blvd. which was a 3000 square foot four bedroom 4 1/2 bath oceanfront selling for $2,500,000. While the sales are impressive, there were also a number of less expensive homes selling in the mid-$500,000 range. Brant Beach demonstrates the wide range of options available to buyers in LBI real estate market. For more information about Brant Beach real estate 2016 third quarter sales or the LBI New Jersey 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
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