North Beach Real Estate Third Quarter Sales in 2015

Long Beach Island New Jersey Real Estate

The North Beach real estate market showed strong activity during the third quarter. Overall, North Beach had an even better quarter than Loveladies, which included a higher average and a higher median sales price. This is surprising, as Loveladies normally dominates home values in the LBI real estate market. This is certainly not to say that Loveladies is not among the highest price points on LBI, but it does show how sales in North Beach can certainly compete with other high-end markets on Long Beach Island. North Beach real estate third quarter sales in 2015 show the overall strength of the real estate market on Long Beach Island.

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North Beach Real Estate Third Quarter Sales in 2015

Single-family homes in the North Beach real estate market were as follows:

There were a total of five single-family homes sold during this time
The average sales price of a single-family home was $2,880,000 with a median sale price of $3,175,000
The average price per square foot of a single-family home was $595.30
On average, homes sold after spending 99 days on the market
The homes sold for an average of 92.3% of their listing price

The least expensive home to sell was 1068 Marlin. This was a four bedroom two bathroom home built in 1970. This home sold for $740,000, and was by far the least expensive property to trade in North Beach. By contrast, the most expensive home to sell was 1025 Long Beach Boulevard. This sold for an impressive $4.5 million. This was a substantial piece of land which added to the incredibly high sales price. Another home located at 1077C Long Beach Blvd. sold for an even $4 million after spending only 62 days on the market. These two high-end transactions contributed to the higher valuation and higher price point witnessed in the North Beach real estate market.

North Beach and the LBI New Jersey Real Estate Market

Overall, North Beach shows how a few high-end sales can influence the valuation of a specific market. Of the five closed transactions, four of them were over the $2 million price point. This makes North Beach the highest individual area of the LBI real estate market during the third quarter of 2015. For more information about the North Beach real estate market 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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