Long Beach Island Real Estate Oceanblock Home Sale Update

Long Beach Island Real Estate Oceanblock Home Sale Update

Oceanblock Home Sales in the LBI New Jersey Real Estate Market

LBI NJ Real Estate

When looking to buy or sell a home in the LBI real estate market it is important to keep in mind the location. This includes not only the town where the home is located but also the position relative to the beach. There are clear and distinct differences in the various locations on Long Beach Island in terms of both price and appeal. Oceanblock homes in the LBI real estate market offer a lower price point than an oceanfront home yet still have a great view and a short walk to the beach. In addition the cost of flood insurance can be among the lowest rates seen on LBI. This Long Beach Island Real Estate Oceanblock Home Sale Update will help give some perspective on where the market is trading and how sales are faring in the LBI real estate sale market.

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

Oceanblock Home Sales on LBI

Below is a breakdown of all single family homes sold on the Oceanblock on Long Beach Island over the past 90 days.

MLS#Street NumberStreet NameSectionSale PriceBeds TotalBaths FullBaths HalfSq Ft TotalDOM
40581111411thBarnegat Light$550,000 2201,40073
40550889930thShip Bottom$790,000 3212,26623
405692032North 25th StreetSurf City$820,000 4211,20013
4053408419thBarnegat Light$925,000 6213,16814
40538646201Long BeachHarvey Cedars$953,000 4202,088117
4050111122E 20thShip Bottom$985,000 4311,80063
40440764308S Long BeachHolgate$999,999 5402,600295
404804013314Ship Bottom$1,050,000 4202,000196
4049696219LibertyL.E.H. Yacht$1,140,000 4312,580129
40550921216thShip Bottom$1,200,000 4312,75478
4053557116GlendolaL.E.H. Yacht$1,200,000 5302,29241
40481082East 85th StreetHarvey Cedars$1,240,000 5313,000158
4055348206PelhamL.E.H. Yacht$1,300,000 4212,08829
4047964157-CLong Beach BlvdLoveladies$1,300,000 4202,044164
4047660101LillieBeach Haven Park$1,300,000 4311,952229
40582471848thBrant Beach$1,350,000 5312,20028
40493527SeaviewLoveladies$1,350,000 4201,544172
40476912339thBrant Beach$1,400,000 5312,984192
40565871110thBeach Haven$1,425,000 4222,83859
404966718Stockton AvenueBrant Beach$1,540,000 5313,400156
40478062022ndSurf City$1,579,000 4312,400192
4013698169Long BeachLoveladies$1,700,000 5613,409938
405335987CLong BeachLoveladies$1,900,000 5413,92840
40480156BergenHarvey Cedars$2,025,000 4312,500176
4056564116DolphinBeach Haven$2,225,000 6425,16910
405022545CLong BeachLoveladies$2,297,500 5503,600122
4050104120Texas (102nd St)Beach Haven Park$2,650,000 6515,30075

Looking at this Long Beach Island Real Estate Oceanblock Home Sale Update we see an average price of $1,377,574 and an average price per sq. foot of $529.64. On average homes spent 140 days on the market and sold for 93.65% of their asking price. This is helpful to know when looking for a home on Long Beach Island so you can plan a purchase budget and decide on how to frame a negotiation strategy. When looking at these numbers keep in mind they are averages. Newer homes tend to trade around $650/ sq foot while older homes in the $400/sq foot range. We can tighten up these numbers to any specific property when the time comes.

Oceanblock Homes and Flood Insurance

With regards to flood insurance the oceanblock is generally a pretty safe area. Base flood elevation (where FEMA wants to see your first flood above sea level) is calculated by combining the ground elevation with whatever foundation system is used in the house. Because the oceanblock areas are among the highest parts of Long Beach Island, many homes will meet or exceed base flood elevation even if they are older Cape Cod style homes on a block foundation. Of course all areas and properties need to be evaluated on their own as some oceanblock areas are lower than others. Brant Beach and Ship Bottom for example can have lower elevations that can lead to a higher cost of insurance. That said, if flood insurance is a concern than the oceanblock areas of LBI are a great place to look. For more information about this Long Beach Island Real Estate Oceanblock Home Sale Update or about buying or selling a home 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

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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