The Long Beach Island Real Estate Market and Brant Beach Real Estate Transactions in the 3rd Quarter of 2014
Brant Beach Real Estate Sales in the Third Quarter of 2014Brant Beach Real Estate
Brant Beach real estate transactions showed some interesting trends. While fewer homes sold than in past quarters, the average sales price of a single family home was the highest in over two years! This is due to several factors including competitive interest rates and a stronger national economy, but it has a great deal to do with Hurricane Sandy. Since Hurricane Sandy, most of the storm damaged inventory has cleared the market and in its place, new homes have been built. This wave of new construction has helped to strengthen the LBI real estate market as a whole. Brant Beach Real Estate Sales in the Third Quarter of 2014 are a good demonstration of this new trend.
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Brant Beach Real Estate Sales in the Third Quarter of 2014
Brant Beach single family home sales are as follows:
- Five single family homes sold
- The average sales price of a home was $1,752,300
- On average, Brant Beach homes spent 100 days on the market
Despite there being only five sales, almost $9,000,000 worth of real estate sold in the third quarter. The least expensive home to sell was 2 W DuPont, a three bedroom, two bath home selling for $635,000. The most expensive home to sell was 7101 Ocean Blvd, an impressive six bedroom oceanfront with five bathrooms and two half baths. This home sold for $4,200,000.Three of the five homes to sell in Brant Beach traded over $1,000,000.
Long Beach Island Real Estate and Brant Beach New Jersey
The third quarter tends to be a little slower for sales on Long Beach Island as this covers the summer months. Summer can be a difficult time to sell homes as LBI is busy with summer rentals. Many home buyers on Long Beach Island choose to wait for the fall market, which creates a busy fourth quarter in the LBI real estate market. For more information about Brant Beach Real Estate Sales in the Third Quarter of 2014 or the real estate market on Long Beach Island, send me a message and I will 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
More About The LBI Real Estate Market:
- BRANT BEACH REAL ESTATE SALES IN THE SECOND QUARTER OF 2014
- BRANT BEACH REAL ESTATE TRANSACTIONS IN THE FIRST QUARTER OF 2014
- BRANT BEACH REAL ESTATE SALES IN THE FOURTH QUARTER OF 2013