Real Estate Transactions in North Beach During the First Quarter of 2015
North Beach Real Estate 2015 First Quarter SalesLong Beach Island Real Estate
The first quarter 2015 showed steady sales and continuation of the improvement of the LBI real estate market. Overall, homes on Long Beach Island have garnered tremendous interest as buyers are looking to secure a vacation or investment property prior to the summer season. North Beach Real Estate 2015 First Quarter Sales reflect these trends with a high average sales price at a higher average price per square foot.
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North Beach Real Estate 2015 First Quarter Sales
Sales of single-family homes in North Beach were as follows:
- Four single-family homes sold during the first quarter
- The average price of a single-family home in North Beach was $1,110,000
- The average price per square foot for a single-family home was $814.52
- On average, homes spent 172 days on the market
The least expensive home to sell in North Beach during the first quarter traded for $665,000. By contrast, the most expensive home to sell was $1,625,000. The difference between listing price and sales price of a home in North Beach was lower than the average as we typically see the LBI real estate market. The average home in North Beach sold for 87.35% of its listing price where the average on Long Beach Island is closer to 92% or 93%. It is interesting to note that one of the most expensive sales in North Beach during the first quarter was a teardown on the ocean front that traded for an impressive $1,372.55 per square foot.
North Beach and the Long Beach Island Real Estate Market
Overall, home sales in North Beach were very positive. The positive trend witnessed in North Beach were indicative of the Long Beach Island real estate market as a whole. As summer approaches, more and more buyers have been seeking vacation and investment properties and taking advantage of the opportunities that are present in the market. For more information about North Beach Real Estate 2015 First Quarter Sales or the LBI real estate market in general, contact me and I will respond right away.
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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