Brant Beach Real Estate Transactions in the Third Quarter of 2013

LBI Real Estate and the Brant Beach Real Estate Market in the Third Quarter of 2013

Brant Beach Real Estate Transactions in the Third Quarter of 2013
Brant Beach Real Estate Transactions in the Third Quarter of 2013

Brant Beach Real Estate

The Brant Beach real estate market saw another increase in the number of homes sold, however the average price dropped lower. Hurricane Sandy surly played a role in the market activity as there were several storm damaged homes sold. The average sales price was also lower because only one home sold over $1,000,000. Brant Beach Real Estate Transactions in the Third Quarter of 2013 show how buyer’s are still looking to invest in storm damaged homes to make way for new construction.

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Brant Beach Real Estate Transactions in the Third Quarter of 2013

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

  • Eight homes sold in the Brant Beach real estate market
  • The average price of a single family home was only $$628,062
  • On average, homes spent 122 days on the market

The least expensive home to sell was 7 W. 45th Street, a two bedroom, two bathroom storm damaged home selling for only  $260,000. This home spent 157 days on the market. By contrast, the most expensive home to sell was 5303 Ocean Blvd, a three bedroom, three and a half bathroom home that sold for $1,700,000. This home spent 205 days on the market.

LBI NJ Real Estate and Brant Beach Transactions

The LBI real estate market as a while showed tremendous improvement in the third quarter. Many of the fears about flood insurance had been answered as buyers realized that rates WOULD NOT jump to $20,000 or more! In fact, most homes on LBI see annual flood insurance rates of only $500 to $2,500! For more information about Brant Beach Real Estate Transactions in the Third Quarter of 2013 or the LBI real estate market, 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

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