Lagoon Front Single-Family Sales in the LBI Real Estate Market
Lagoon Front Single-Family Sales in the LBI Real Estate Market
LBI NJ Real Estate
The lagoon front areas of the LBI real estate market offer a great opportunity for boaters at a far lower price point than their bayfront counterparts. The position of a home on a lagoon has a great deal to do with the value of the property. It is important to understand that there are less locations for a lagoon front in the LBI real estate market. Only the areas of High Bar Harbor, Loveladies, Harvey Cedars, The Dunes, Ship Bottom and parts of Beach Haven can truly claim to have lagoon front homes.
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Lagoon Front Single-Family Sales in the LBI Real Estate Market
Sales of single-family lagoon front homes in the LBI real estate market over the past six months are broken down as follows:
- There were 20 closed transactions on lagoon front homes throughout the LBI real estate market.
- The average price was $1,079,977.
- The average price per square foot was $470.82.
- On average, homes spent 123 days on the market.
The price point of a lagoon front single-family home ranges from $399,000 to $2,400,000 with the most expensive home being a massive new construction, and the least expensive being a small house on a large lot in High Bar Harbor. Overall, the LBI real estate market has shown tremendous growth throughout the past year and lagoon front home sales in the LBI real estate market helped to contribute to this positive momentum.
For more information about the lagoon front single-family home sales in the LBI real estate market or about the Long Beach Island New Jersey 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
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