Long Beach Island Real Estate and Brighton Beach Home Sales Update
Brighton Beach Real Estate Sales in the First Quarter of 2013Brighton Beach NJ Real Estate
The first quarter of real estate sales on Long Beach Island was greatly impacted by Hurricane Sandy. All over New Jersey, storm damaged homes went on the market for sale as some owners chose to simply walk away from their property rather than rebuild. On Long Beach Island, there were comparatively few storm damaged homes listed for sale as many owners were able to rebuild quickly. That said, storm damaged homes have played an important role in understanding the LBI real estate market. Brighton Beach Real Estate Sales in the First Quarter of 2013 for example saw no closed transactions or even pending sales. While this cannot be directly attributed to Hurricane Sandy, it is likely that some buyers were turned off to the idea of buying.
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Brighton Beach and the LBI Real Estate Market
All over Long Beach Island, home sales saw lower activity and a lower average price. Both are expected in the wake of such a large natural disaster. The good news is, LBI has worked hard to make a speedy recovery and that recovery has paid off. Many homes are already restored and many more are almost complete. This will greatly help the local area and the real estate market on Long Beach Island. For more information about LBI real estate market sales or Brighton Beach Real Estate Sales in the First Quarter of 2013, please send me a message with your questions and I will respond right away.
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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