Brighton Beach Real Estate Fourth Quarter Sales in 2015

Long Beach Island New Jersey Real Estate

The real estate market in Brighton Beach on Long Beach Island New Jersey had a very strong fourth quarter in 2015. There were a total of six closed single-family homes, which is strong activity for such a small section of Long Beach Island. During the fourth quarter in 2014, there was only one closed real estate transaction for the Brighton Beach area. It was good to see that 2015 was a much stronger year for that area. Brighton Beach real estate fourth quarter sales in 2015 reflect the general improvement we are seeing elsewhere in the LBI New Jersey real estate market.

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Brighton Beach Real Estate Fourth Quarter Sales in 2015

Sales of single-family homes in the Brighton Beach real estate market on Long Beach Island were as follows:

There were 6 single-family homes sold in 2015.
The average price of a single-family home was $735,833.
The average price per square foot of a single-family home was $448.46.
On average, homes spent 147 days on the market and sold for 98.19% of their listing price.

The least expensive home to sell was 2 West Connecticut Avenue. This home offered three bedrooms and two bathrooms, and was a raised ranch on the corner of Long Beach Blvd. and Connecticut Avenue. This home was priced very aggressively and spent only 11 days on the market. It sold for 103.03% of the listing price or $510,000. This equates to a price per square foot of $482.95. The most expensive home to sell was 302 Waverley Road. This was a bayfront property on a very narrow lot, and offered 3 bedrooms, 2 ½ baths with square footage of just under 1,500 sq. feet. This home sold for $920,000 after spending 231 days on the market. This represented 96.94% of the listing price. The price per square foot was $670.45.

Brighton Beach and the LBI New Jersey Real Estate Market

Brighton Beach real estate market in 2015 showed significant improvement over 2014, which is a trend we saw elsewhere on Long Beach Island. The LBI real estate market has seen significant improvement in the number of homes sold, which shows that buyers are more willing to invest in the LBI market in the wake of Hurricane Sandy. The homes sold in Brighton Beach varied in price and style, as we are seeing elsewhere on Long Beach Island. There are a variety of price points and locations available to buyers, and this has helped to keep market activity strong. For more information about Brighton Beach real estate fourth quarter sales in 2015 or the LBI New Jersey real estate market in general, contact me 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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