Long Beach Island and Peahala Park Real Estate Update
Peahala Park Real Estate Sales in the Second Quarter of 2013
Peahala Park Real Estate
Sales of homes in Peahala Park continued to be impacted by Hurricane Sandy, however sales did improve. The bayside areas of Peahala Park have seen a massive rebuilding phase as storm damaged homes are being torn down to make way for impressive new construction. While there was only one sale in Peahala Park during this time period, it was the most expensive sale year to date. Peahala Park Real Estate Sales in the Second Quarter of 2013 reflect the general trend of improvement in the LBI real estate market.
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Peahala Park Real Estate Sales in the Second Quarter of 2013
There was only one single family home home sold during the second quarter. The property, 102 E. Oceanview Drive, was a six bedroom oceanblock home that sold for $814,500 after spending 143 days on the market. The fact that no storm damaged home sold during this time period shows how some buyers are looking for move in ready homes in a good location.
Long Beach Island Real Estate Sales
While storm damaged homes continue to play an important role in the LBI real estate market, we are starting to see more and more non-damaged homes enter the market…and sell! Peahala Park Real Estate Sales in the Second Quarter of 2013 reflect this trend and I expect it will continue as the storm damaged inventory diminishes. If you have any questions about the Long Beach Island real estate market, please send me a message here 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:
- PEAHALA PARK REAL ESTATE SALES IN THE FIRST QUARTER OF 2013
- BRIGHTON BEACH REAL ESTATE SALES IN THE THIRD QUARTER OF 2014
- BRIGHTON BEACH REAL ESTATE IN THE SECOND QUARTER OF 2014