Oceanfront Sales in the Long Beach Island NJ Real Estate Market
Long Beach Island Oceanfront SalesLong Beach Island Real Estate
The Long Beach Island real estate market has been having a very strong 2016 year, and this is especially true in the oceanfront sales market. For most, waterfront homes, and oceanfront homes in particular, offer the pinnacle of living on Long Beach Island. The activity in this segment of the LBI real estate market can tell a great deal about the overall health of home sales. Long Beach Island oceanfront sales show a wide range of investment options and interest throughout the marketplace.
Oceanfront Sales in the Long Beach Island NJ Real Estate Market
Long Beach Island oceanfront sales of single-family homes over the past six months are broken down below:
- There have been 16 closed transactions.
- The average price of an oceanfront home on Long Beach Island is $2,508,875
- The average price per square foot for an oceanfront home is $850.08.
- On average, oceanfront homes spent 207 days on the market before selling.
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The least expensive oceanfront home to sell on Long Beach Island during this time period was 51131 Beach Blvd. This was an older contemporary home located in Holgate. It had a court order to be sold. This home sold for $1,075,000 after spending 210 days on the market. The most expensive home to sell was 200 Jeffries Avenue which was a one-of-a-kind oceanfront estate covering two lots with two separate dwellings. This impressive home sold for $5,500,000!
Buying an Oceanfront Home in the Long Beach Island NJ Real Estate Market
Overall, oceanfront sales on Long Beach Island are strong and this reflects the general trend we see throughout the LBI real estate market. Oceanfront sales can be one of the most complex facets of the LBI real estate market as they have additional restrictions imposed by both the town and the government. It is important to understand the rules and regulations of oceanfront development before investing in the most expensive facet of the Long Beach Island real estate market. For more information about Long Beach Island oceanfront sales or the LBI 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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