Peahala Park and Long Beach Island Real Estate Sales
Peahala Park Real Estate Sales in the First Quarter of 2013
Peahala Park Real Estate
2013 begins with a very challenging real estate environment on Long Beach Island. Hurricane Sandy ravaged the entire coast of New Jersey and LBI was no exception. Despite sustaining an almost direct hit from the storm, Long Beach Island made tremendous strides in repairing the damage and this has been reflected in the local real estate market. Peahala Park, which is a small section of Long Beach Township, did sustain a lot of damage, especially in the bayside areas, and this prevails in Peahala Park Real Estate Sales in the First Quarter of 2013.
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Peahala Park Real Estate Sales in the First Quarter of 2013
Sales of Peahala Park single family homes are as follows:
- Two homes sold in Peahala Park
- The average price of a home was $476,250
- The average time on the market was 107 days
While the average price is very low for the LBI real estate market, it is important to point out that both sales were made with the intention of building new homes on the lot. In essence, they were land sales rather than single family homes. The fact that new homes will be built in this place tells us that buyers are still willing to invest great sums of money in the LBI real estate market. These new homes will have a positive impact on Long Beach Island home prices.
Long Beach Island Real Estate Sales
Hurricane Sandy will be remembered as a major disaster, however it is also very encouraging to see how quickly progress was made on Long Beach Island. This has not been lost to buyers and activity has remained strong in spite of the storm. The rebuilding of LBI will have a positive impact on the area and on home prices in general. For more information about Peahala Park Real Estate Sales in the First Quarter of 2013 or the LBI real estate market, send me a message 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
More About The LBI Real Estate Market:
- BRIGHTON BEACH REAL ESTATE SALES IN THE THIRD QUARTER OF 2014
- BRIGHTON BEACH REAL ESTATE IN THE SECOND QUARTER OF 2014
- REAL ESTATE SALES IN BRIGHTON BEACH DURING THE FIRST QUARTER OF 2014