Long Beach Island Real Estate Oceanblock Sales April 2019

Long Beach Island Real Estate Oceanblock Sales

Buying Long Beach Island Real Estate Oceanblock Homes

Long Beach Island Real Estate

Oceanblock homes in the LBI real estate market offer a lot of opportunity. This is one of the most popular areas of our market for several reasons. An true oceanblock home on Long Beach Island will have no street to cross, will usually have some kind of water view and will have a strong ability to act as an investment property. Long Beach Island Real Estate Oceanblock Sales highlight just how strong this area of the market is any why buying an oceanblock home in the LBI real estate market can make good sense. Buying an oceanblock home involves an understanding of the market and what drives value here. It is important to consider lot size, location and the view. These factors can make or break this investment.

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

Long Beach Island Real Estate Oceanblock Sales

Oceanblock homes in the Long Beach Island real estate market offer a mix of convenience and investment. The close proximity to the beach makes them in high demand. Below is a list of all single family home oceanblock sales, both new construction and older homes, that have sold in the past 90 days.

Street NumberStreet NameMunicipalitySectionCurrent PriceSq Ft TotalDOM
1MarshallLong Beach TwpHolgate$869,000 2,26428
112MarylandLong Beach TwpBeach Haven Terrace$876,321 1,78868
6705Long BeachLong Beach TwpBrant Beach$930,000 2,398158
6201Long BeachHarvey CedarsHarvey Cedars$953,000 2,088117
12East 21st StreetBarnegat LightBarnegat Light$975,000 1,80027
121Sand DuneLong Beach TwpPeahala Park$975,000 1,616126
109Virginia (110th)Long Beach TwpHaven Beach$1,125,000 2,239119
11MagnoliaLong Beach TwpHolgate$1,200,000 2,265128
129Mac EvoyLong Beach TwpHaven Beach$1,262,500 2,35810
13118thShip BottomShip Bottom$1,300,000 2,28854
13516thShip BottomShip Bottom$1,342,500 2,364109
1848thLong Beach TwpBrant Beach$1,350,000 2,20028
207thBeach Haven BoroughBeach Haven$1,410,000 1,528120
1543rdLong Beach TwpBrant Beach$1,425,000 2,81437
3810thSurf CitySurf City$1,600,000 2,50028
868thHarvey CedarsHarvey Cedars$1,650,000 2,60029
2845thLong Beach TwpBrant Beach$1,669,000 2,500327
8GloucesterHarvey CedarsHarvey Cedars$2,060,000 2,50072
8BurlingtonHarvey CedarsHarvey Cedars$2,300,000 3,00050
25Long BeachLong Beach TwpLoveladies$4,950,000 7,000202

Looking at the data above there are some important statistics to consider:

  • Over the past 90 days there were 20 single family homes sold on the oceanblock
  • The average price of a single family home was $1,511,116
  • These homes spent an average of 91 days on the market which is roughly half the average in the rest of the Long Beach Island real estate market

Overall sales in the LBI real estate market have been increasing in the past few weeks. Oceanblock sales play a good role in this for both investors and end users.

Buying an Oceanblock Home the LBI Real Estate Market

While there are single family homes, condos and duplexes to be found on the oceanblock areas of LBI, single family homes dominate the market. When looking to buy a single family home on the oceanblock it is important to keep in mind lot size, overall location and the view (or the potential for a view). These are the most significant considerations that can and do impact the price and the long term appreciation of the home. These conditions as well as several others can greatly impact your investment in the Long Beach Island (LBI) real estate 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

www.BuyLBI.com

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

You May Also Like:

LBI Real Estate Buyer Tips

LBI Real Estate Market Changes and Buyer Opportunities

LBI Real Estate Can Be A Safer Investment

Long Beach Island Real Estate Comps

LBI Rental Sales Tax

LBI Real Estate Days on Market and Negotiation Rate

LBI NJ New Construction Market Update