Brant Beach Real Estate in the Second Quarter of 2013

Long Beach Island Real Estate and the Brant Beach Real Estate Market in the Second Quarter of 2013

Brant Beach Real Estate in the Second Quarter of 2013
Brant Beach Real Estate in the Second Quarter of 2013

Brant Beach Real Estate

The real estate market in Brant Beach on Long Beach Island showed rather strong activity in the second quarter of 2013. In fact, the number of sales improved over the first quarter! While questions about flood insurance and the future impact of storms still played on the minds of buyers, overall confidence in the LBI real estate market improved. One recurring and encouraging theme we have seen is the number of storm damaged homes being sold to make way for impressive new construction. This significant investment greatly increases the chances of home prices rising. Brant Beach Real Estate in the Second Quarter of 2013 reflect this trend.

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Brant Beach Real Estate in the Second Quarter of 2013

Sales of single family homes in Brant Beach were as follows:

  • Five single family homes sold during the second quarter
  • The average price of a single family home was $829,200
  • On average, homes spent an average of 59 days on the market

While the average sales price was a little lower than the first quarter, this is mostly due to storm damaged homes. These homes will be rebuilt and the finished home will be worth considerably more increasing the overall value of the LBI real estate market. The least expensive home to sell was 8 E 48th Street, a storm damaged oceanside home that sold for $415,000. The most expensive home to sell was 4708 Ocean Blvd, a five bedroom home with three full bathrooms and two half bathrooms. This home sold for the full listing price of $1,649,000. Homes sold in a very short amount of time, just under two months on the market!

Brant Beach and the LBI NJ Real Estate Market

The trends we see in the Brant Beach real estate market reflect the rest of the LBI real estate market. The number of homes sold has been strong, however the average price has been lower thanks to storm damaged homes influencing the average price. Hurricane Sandy has clearly played a role in the overall attitude towards the real estate market on Long Beach Island. For more information about Brant Beach Real Estate in the Second Quarter of 2013 or the LBI NJ real estate market, send me a message 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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