The Dunes and Long Beach Island Real Estate Sales
The Dunes Real Estate Sales Market in the Third Quarter of 2013
The LBI Real Estate Market
The summer on Long Beach Island helped a great deal to improve the LBI real estate market. With the negative press associated with the Jersey Shore after Hurricane Sandy, it was a great help for people to have a first hand look at the improvement made to Long Beach Island. The Dunes Real Estate Sales Market in the Third Quarter of 2013 showed how buyer confidence has increased on Long Beach Island .
Click here to search all homes for sale in the Long Beach Island NJ real estate market
The Dunes Real Estate Sales Market in the Third Quarter of 2013
Sales of single family homes were as follows:
- Three homes sold in The Dunes
- The average price of a single family home was $756,667
- On average, homes spent 71 days on the market
Two of the three homes sold traded as tear downs. As we saw last quarter with storm damaged homes, this reinvestment will be a great boom for the LBI real estate market.. As these less expensive homes sell for land value and new homes are built in their place, this will greatly increase the overall value of the LBI real estate market.
LBI Real Estate and The Dunes Sales Market
One of the homes sold, 140 Marine, was an old home, one off the beach that sold for $960,000. This new home, which should cost about $450,000 to build, will be worth around $2,000,000 which shows just how much appreciation can be realized in the LBI real estate market. This is the advantage of buying an excellent location in an excellent area like The Dunes. For more information about the LBI real estate market or The Dunes Real Estate Sales Market in the Third Quarter of 2013, please send me a message 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market