December 2020 Long Beach Island NJ Real Estate Oceanfront Sales Update
Click here to search all homes for sale in the Long Beach Island NJ real estate market
December 2020 LBI Real Estate Oceanfront Sales Update 
December 2020 LBI Real Estate Oceanfront Sales Update 
December 2020 LBI Real Estate Oceanfront Sales Update
Long Beach Island Real Estate Oceanfront Home Sales
The LBI real estate market is comprised of many different locations. Oceanside, bayside, bayfront, and, of course, oceanfront homes all offer something special. Since location is one of the most significant drivers of value in a real estate market, understanding how these locations perform is a key step to understanding the LBI real estate market as a whole. The oceanfront real estate market on Long Beach Island has seen some outstanding activity so far in 2020.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
December 2020 LBI Real Estate Oceanfront Sales Update
For today’s study, we will specifically be looking at the price per square foot of oceanfront home sales. We will look at both the single-family home market as a whole and specifically new construction.
Single-Family Oceanfronts
We have seen the following activity over the past 60 days for ALL single-family oceanfront homes
- 23 sold homes with an average price of $3,023,196 or $1,022.55/sq foot
- 20 active listings with an average price of $3,684,400 or $1,099.90/ sq foot
- 11 pending listings with an average price of $3,433,364 or $1,202.08/ sq foot
Single-Family New Construction Oceanfronts
We have seen the following activity over the past 60 days for ONLY new construction single-family oceanfront homes
- 4 sold homes with an average price of $4,598,225 or $1,022.78/sq foot
- 5 active listings with an average price of $4,735,000 or $988.34 / sq foot
- 3 pending listings with an average price of $4,328,333 or $982.44/ sq foot
Long Beach Island Real Estate Market Oceanfronts
The data shows some interesting trends. Regardless if the home is new or not, most oceanfronts trade in the $1,022/sq foot price. Of course, evaluating a home is not quite as simple as this since each home will have characteristics that define it. Every property has to be evaluated on a case by case basis. Frontage on the ocean, the presence or absence of a pool, and the overall view are but a few of the factors that can greatly impact a value. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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