Peahala Park Real Estate Transactions in the First Quarter of 2014

Long Beach Island and Peahala Park Real Estate Sales During the First Quarter of 2014

Peahala Park Real Estate Transactions in the First Quarter of 2014
Peahala Park Real Estate Transactions in the First Quarter of 2014

Long Beach Island Real Estate

The LBI real estate market started off 2014 with improved sales and higher prices! Clearly Long Beach Island has come a long way compared to the first quarter of 2013. Most of the damaged caused by Hurricane Sandy has been repaired and the entire LBI area has changed for the better. With an investment of millions of dollars in upgrades and improvements to homes and infrastructure, LBI is safer and stronger than ever! Peahala Park Real Estate Transactions in the First Quarter of 2014 reflect this improvement as market activity increased!

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Peahala Park Real Estate Transactions in the First Quarter of 2014

Sales of single family homes in Peahala Park were as follows:

  • Three homes sold
  • The average price of a single family home was $531,667
  • On average, homes spent 80 days on the market in Peahala Park

While the average price was lower than we have seen in the past quarters, prices were driven lower thanks to one storm damaged home selling for only $360,000 (basically the land value of the home). The most expensive home was a newer construction on Susan Lane selling for $815,000. One of the homes sold during this quarter was a bank owned property which is very, very rare in the Long Beach Island real estate market.

Long Beach Island and Peahala Park Real Estate Sales

Compared to the rest of the LBI real estate market, the average price of Peahala Park transactions were rather low. As mentioned above, prices were driven lower thanks to storm damaged homes. These homes will be rebuilt into new, larger homes that will undoubtedly add a great deal of value to the LBI real estate market. For more information about Peahala Park Real Estate Transactions in the First Quarter of 2014 or the LBI real estate market in general, 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: