LBI Real Estate Market Sales Update
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search homes for sale on Long Beach Island NJ
The LBI Real Estate Market
Long Beach Island NJ has always maintained a comparatively strong real estate market when compared to other areas around New Jersey and the Nation as a whole. The close proximity to major cities and the natural beauty of Long Beach Island has helped to ensure that the LBI area has always been a popular vacation destination. Even now, in the wake of Hurricane Sandy, the LBI real estate market continues to remain active. There have been a variety of home sales since Superstorm Sandy struck the New Jersey coastline including both homes damaged by the flood waters and homes that with little to no impact. This Sales update on Long Beach Island NJ will help give you an idea of current prices and market sales activity.
What’s Selling in the Long Beach Island Real Estate Market
For the first week of April 2013, there were a total of 7 sales in the LBI real estate market. Sales prices ranged from a small storm damaged home in Ship Bottom on a very small lot $140,,000 to an oceanfront home selling for just under $1,500,000. Of these 7 sales, 4 were damaged by Hurricane Sandy and 3 were not. The sales were as follows:
- 2419 Central Ave Ship Bottom NJ 08008: Sale Price: $525,000
- 114 W Jeanette Ave Beach Haven Crest NJ 08008 Sale Price: $380,000
- 310 S West Ave Beach Haven NJ 08008 Sale Price: $300,000
- 307 N Ocean Ave Surf City NJ 08008 Sale Price: $1,480,000
- 266 W 13th Street Ship Bottom NJ 08008 Sale Price: $375,000
- 1815 Pennsylvania Ave Ship Bottom NJ 08008 Sale Price: $140,000
These sales show that buyers are interested in both homes that need to be rebuilt due to storm damage however there are almost as many buyers looking for homes that were NOT damaged in the Hurricane. This trend has been persistent since real estate activity resumed after Hurricane Sandy. For a complete month by month breakdown of sales on Long Beach Island, visit my Monthly Sales Update for the LBI Real Estate Market by Clicking Here.
Buying and Selling Long Beach Island NJ Real Estate
While there are some very interesting opportunities in the LBI real estate market at present, it is now, more than ever, important to understand the subtleties of each individual property. Since homes are located in different flood zones, there may be higher insurance associated with some properties depending on their elevation and the amount of damage (if any) they sustained. For more information on Flood Zones on Long Beach Island click here and for any questions regarding the LBI real estate market or this sales update on Long Beach Island NJ, please do not hesitate to contact Nathan Colmer anytime!
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Related Articles:
- How Much Is A House On Long Beach Blvd Worth
- Vacation Rental Insurance On Long Beach Island
- Rebuilding After Hurricane Sandy on LBI