LBI Real Estate and the Brant Beach Real Estate Market
Brant Beach Real Estate
The first quarter of 2014 showed some strong real estate market activity on Long Beach Island. The challenges presented by Hurricane Sandy still exist on Long Beach Island, however armed with a better understanding of flood insurance and the impact of storms, buyer confidence has soared. Fewer and fewer storm damaged homes are on the market and new construction is seen on just about every street on LBI. Brant Beach Real Estate Transactions in the First Quarter of 2014 show this increased confidence in the LBI real estate market.
Brant Beach Real Estate Transactions in the First Quarter of 2014
Single family home sales in Brant Beach were as follows:
- Five single family homes sold in the first quarter of 2014
- The average price was very high, $1,615,000
- On average, homes spent 328 days on the market
Fewer homes sold in the first quarter of 2014 than the fourth quarter of 2013, however the average sales price was substantially higher. The least expensive home to sell was 8 W Stanton. a four bedroom, three and a half bath home trading at $955,000. The most expensive home to sell was 5112-C Long Beach Blvd, am impressive five bedroom home with four full bathrooms and two half bathrooms. This home sold for $2,770,000. In total, just over $8,000,000 worth of real estate sold in Brant Beach. The average days on the market was very high, roughly double the average time for Long Beach Island, but this is a little inaccurate. Two homes spent a very long time on the market, one with 455 days and the other with a shocking 934 days. These homes create a higher average that skews the market as a whole (the other three homes to sell all spent less than 100 days on the market).
Brant Beach and the LBI Real Estate Market
Overall, the LBI real estate market performed much better than the first quarter of 2013. More homes sold and the average price was higher for a single family home. This helps to show how buyer confidence has strengthened and we are seeing more and more activity on Long Beach Island. For more information about Brant Beach Real Estate Transactions in the First Quarter of 2014 or the LBI real estate market, send me a message and I will respond right away!