Single Family Home Sales in Ship Bottom
Ship Bottom Real Estate 2014 4th Quarter SalesLong Beach Island Real Estate
The fourth quarter in 2014 showed strong activity in the Ship Bottom real estate market. Long Beach Island as a whole witnessed an improved sales market with a higher average price and more homes sell. Much of this improvement in Beach Haven to a better understanding of flood insurance policies, and a speedy recovery on Long Beach Island. Ship Bottom Real Estate 2014 4th Quarter Sales shares this improvement.
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Ship Bottom Real Estate 2014 4th Quarter Sales
Single-family home sales in Ship Bottom were as follows:
- There were 10 close single-family transactions
- The average price of a single-family home was $556,000
- On average homes spent 100 days on the market
The least expensive home to sell was 103 E. 28th St. This one-bedroom one bathroom home was actually a freestanding condo and was damaged by Hurricane Sandy. This home sold for $149,000, the full asking price, after spending 14 days on the market. The most expensive home to sell was 11 Robert Dr., a four bedroom 2 1/2 bath bayfront selling for $999,000 after spending 61 daysfor sale in the LBI real estate market.
Ship Bottom the Long Beach Island Real Estate Market
Ship Bottom real estate values tend to be lower when compared to other areas of Long Beach Island. This is partly due to to a higher density of homes and smaller lot sizes. That said, Ship Bottom is highly appealing for many buyers as it is the easiest point of access and on and off Long Beach on. The lower average sales price also has much to do with the fact that two of the 10 sales were storm damaged homes selling for less than $300,000. It is important to remember that the storm damaged homes will be rebuilt and the finished product will be worth considerably more. There are still opportunities in the Long Beach Island real estate market to purchase storm damaged homes and renovated and generating instant equity on your investment. For more information about the LBI real estate market or Ship Bottom Real Estate 2014 4th Quarter Sales contact me 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
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