Long Beach Island Real Estate Bayside Single Family New Home Sales
LBI Real Estate Bayside New Construction New homes in the LBI real estate market have always been a staple of the local environment. With great financial upside and the ability to achieve an immediate equity position building a new home on Long Beach Island has great appeal. In the wake of Hurricane Sandy there was an explosion of new construction on the bayside areas of LBI but only recently have spec homes and flip homes begun to grow in popularity in these areas. In the last 5 years there has been a steady and noticeable increase in both the number of and the price of LBI Real Estate Bayside New Construction. Furthermore, with interest in these areas growing it is likely that we will see strong appreciation for buyers and sellers in the bayside and bay block market.
LBI Real Estate Bayside New Construction
Below is a breakdown of all bayside new homes that have sold. I have tracked the number of homes sold and the average price for each year.
|Primary Year||Sale Price, Average||Sales, Number of|
As you can see from the above chart, there has been a steady increase apart from 2016 in the number of sales and the price. Building a new home in the LBI real estate market can have great upside potential and the bayside is no exception. In addition, the bayside can be a steady facet of the LBI real estate market in the event of a shifting or falling market so the preservation of equity here can be higher than anticipated. For more information about LBI Real Estate Bayside New Construction or about buying, selling and 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 | firstname.lastname@example.org
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