Brighton Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Brighton Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Brighton Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Brighton Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Long Beach Island Real Estate

The real estate market in Brighton Beach on Long Beach Island saw strong activity during the second quarter of 2016. Overall, the LBI real estate market performed well and Brighton Beach helped to support this trend. Single-family home sales were improved in the Brighton Beach real estate market when compared to one year ago. Once again, we witnessed this trend in many towns in sections throughout the LBI real estate market. Brighton Beach real estate 2016 second quarter sales on Long Beach Island had one of the strongest quarters in some time.

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Brighton Beach Real Estate 2016 Second Quarter Sales on Long Beach Island

Sales of single-family homes in the Brighton Beach real estate market are broken down as follows:

  • There were three closed transactions in Brighton Beach.
  • The average price of a single-family home was $751,667.
  • The average price per square foot was $480.47.
  • On average, homes spent 54 days on the market and sold for 96.85% of their listing price.

The least expensive home to sell was 15 W. Rhode Island Ave. which was a traditional beach bungalow raised above base flood elevation. This home spent 60 days on the market and sold for 98.12% of the listing price. This translates to price per square foot of $494.74 and a closing price of $470,000. The most expensive home to sell was 2 E. 86th St. which was a near new construction on the Oceanside. This large home sold for $1,300,000 after spending 84 days on the market. This represented a sales price to list price ratio of 95.24% and a price per square foot of $471.70.

Buying Long Beach Island Real Estate

Overall, Brighton Beach had a strong second quarter which helped to support the general upward trends we see throughout the LBI real estate market. The second quarter can at times be slower than other quarters in the LBI real estate market. However, in spite of this, the year-over-year comparison shows substantial growth in this quarter which is a positive sign for prices, values, and investments in the LBI real estate market. For more information about Brighton Beach real estate 2016 second quarter sales on Long Beach Island or the LBI real estate market in general, please do not hesitate to contact me.

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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