North Beach Real Estate Second Quarter Sales in 2015
North Beach real estate market showed impressive activity in the second quarter of 2015. While there were only two closed transactions, both were for more than $2 million. This high-level activity is usually reserved for Loveladies or Webster Lagoons, located in Beach Haven. While North Beach does carry the distinction of being one of the higher price markets on LBI, it is rare to see such a high level of activity in such a short timeframe. North Beach real estate second quarter sales in 2015 were as follows:
The least expensive of the two sales was 1111-A Long Beach Blvd, which was a 5 bedroom, 4 ½ bath new construction selling for $2,495,000, after spending 65 days on the market. This home sold for nearly full price coming in at 99.84% of listing. The more expensive of the two sales was 1051-B Long Beach Blvd, was a six bedroom, five bath home selling for $2,765,500. This home sold in 171 days, and traded for 95.39% of its listing price. It is interesting to see that the average price per square foot was almost identical at $645.69 for the two homes. A comparison of the average price and the median price is not applicable with only two sales for the quarter. For more information about North Beach real estate second quarter 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
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