Brant Beach Real Estate Sales in the First Quarter of 2015

Long Beach Island Real Estate Transactions and Brant Beach Real Estate Sales

Brant Beach Real Estate Sales in the First Quarter of 2015
Brant Beach Real Estate Sales in the First Quarter of 2015

Long Beach Island Real Estate

The LBI real estate market saw impressive activity during the first quarter of 2015. Overall, sales of single-family homes, duplexes, and condominiums were positive with increased activity at a higher average sales price. Brant Beach was no exception and had a very positive first quarter. Brant Beach Real Estate Sales in the First Quarter of 2015 showed almost twice the activity is the first quarter of 2014.

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Brant Beach Real Estate Sales in the First Quarter of 2015

Sales of single-family homes in the Brant Beach real estate market were as follows:

  • A total of nine single-family homes sold in Brant Beach
  • The average price was $856,556 with a median sales price of $760,000
  • The average price per square foot of a single-family home was $544.71
  • On average, homes spent 135 days on the market and sold for 93.37% of their listing price.

The least expensive home to sell was 6305 Long Beach Blvd. which was a three bedroom one and half bathroom home built in 1978. This home sold for $550,000 after spending 158 days on the market. This translates to price per square foot was $636.57. The most expensive home to sell was 5501 Ocean Blvd., a four bedroom two bathroom oceanfront home selling for $1,300,000 after just 86 days on the market. This translates to price per square foot of $752.31.

Long Beach Island Real Estate and Brant Beach Real Estate Sales

The market activity we witnessed in Brant Beach during the first quarter is largely reflective of the LBI real estate market as a whole. The average sales price of $856,556 is lower than the first quarter of 2014, however this has more to do with the dynamic of homes sold rather than a market change. In 2014, there were several high-end sales in Brant Beach which created a higher than average sales price. It is interesting to note that there were only five transactions in the first quarter of 2014 compared to nine in 2015. This substantial increase in market activity is a strong indication of the positive growth of the Long Beach Island real estate market.  For more information about the LBI real estate market or Brant Beach Real Estate Sales in the First Quarter of 2015 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 | ncolmer@vandykgroup.com

www.BuyLBI.com

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