North Beach Haven Second Quarter Real Estate Sales in 2015

Long Beach Island Real Estate

North Beach Haven second quarter real estate sales in 2015 on Long Beach Island continued to show strong activity and an overall improvement in the LBI real estate market. Buyers were certainly active in the single family home market, and sales reflected a mix of turn key home buyer purchases, as well as homes in need of renovation.

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North Beach Haven second quarter real estate sales in 2015

Single family home sales in the LBI real estate market were as follows:

Five single family homes sold in the North Beach Haven real estate market
The average sale price of a single family home was $821,980 with a median sales price of $615,000
The average price per square foot was $597.21
On average, homes sold for 93.94% of their listing price and spent 195 days on the market

The least expensive home to sell was 13 E. 18^th St., which was a 3 bedroom, 1 ½ bath home. This property, which did need some updating, sold for $454,900 after 399 days on the market. The most expensive home to sell was 224 E. 15^th St., which was a four bedroom, three bath home built in 2006. This home sold for $1,820,000 after spending 286 days on the market.

Long Beach Island and the North Beach Haven Real Estate Market

The trends we see in the North Beach Haven real estate market are in line with those we see elsewhere on Long Beach Island. Nearly every town in every quarter has a healthy mix of new and older homes being sold. This speaks to the tremendous investment opportunity that exists on Long Beach Island, with the ability to purchase an older home and either renovate or build new construction in its place. Overall, real estate market sales on Long Beach Island were strong, and the trends point to a continuance of the overall positive upswing in the LBI real estate market. For more information about North Beach Haven second-quarter real estate sales in 2015 or the LBI real estate market in general, contact me and I will be happy to answer any questions you have.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

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