Long Beach Island NJ (LBI NJ) Real Estate Market New Construction Oceanfront Single-Family Homes
LBI New Construction Oceanfront Home Sales April 2019 
LBI New Construction Oceanfront Home Sales April 2019 
LBI New Construction Oceanfront Home Sales April 2019
Long Beach Island Real Estate
Oceanfront homes are the most expensive homes in the LBI real estate market (all things being equal). New construction sales are one of the best ways to gauge this area of the Long Beach Island Real Estate market. In reality they represent two sales: the first when the vacant land or tear down traded and again when the new home sold. This makes for an excellent way to measure the appreciation of the LBI real estate market and predict where things are heading. LBI New Construction Oceanfront Home Sales April 2019 show some interesting trends in the market for buyers.
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
LBI New Construction Oceanfront Home Sales April 2019
Below is a list of all single family new construction oceanfront homes that have sold in the LBI real estate market over the past 6 months. I have also included all pending sales (2) to give an idea of what buyers are currently in contract with.
| Type | Status | Street Number | Street Name | Municipality | Section | Current Price | Sq Ft Total | DOM |
| SF | P | 1007 | Ocean | Surf City | Surf City | $3,299,000 | 3,650 | 150 |
| SF | P | 5701 | Ocean | Long Beach Twp | Brant Beach | $3,895,000 | 3,892 | 273 |
| SF | C | 125 | North Carolina | Long Beach Twp | Beach Haven Park | $3,200,000 | 4,000 | 325 |
| SF | C | 5 | 11th | Beach Haven Borough | Beach Haven | $3,200,000 | 3,200 | 728 |
| SF | C | 6209 | Ocean | Long Beach Twp | Brant Beach | $3,275,000 | 3,880 | 137 |
| SF | C | 5901 | Ocean | Long Beach Twp | Brant Beach | $3,399,000 | 4,150 | 41 |
| SF | C | 137 | 18th | Ship Bottom | Ship Bottom | $3,550,000 | 3,880 | 182 |
| SF | C | 123 | Colorado | Long Beach Twp | Haven Beach | $4,350,000 | 4,759 | 88 |
The data above can be summarized as follows:
- There were 6 closed transactions and 2 pending sales over the past 6 months
- The average price of a new oceanfront home was $3,495,667
- Homes spent an average of 240 days on the market.
It is fair to say that the market is strong. There has been a good amount of activity in what represents a very expensive and very small portion of the LBI real estate market. The fact that buyers are willing to pay these kinds of numbers shows a high degree of confidence in the Long Beach Island real estate market.
Buying an Oceanfront Home in the Long Beach Island Real Estate Market
Buying any home is a big investment and this is especially true of new constructions in the LBI real estate market. When looking at this uniqe facet of our market you have to understand what adds value. For example the width of the lot and how large a CAFRA footprint exists can add or detract a significant amount of value. Likewise determining how a home was built and what choices were made can greatly impact the long term ownership costs and appreciation in the market. 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 | 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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