Beach Haven NJ Real Estate Market Trends
The LBI NJ Real Estate Market in Beach Haven
The LBI real estate market has seen a major increase in activity compared to a year ago! Hurricane Sandy was surely a factor in this as the Long Beach Island area was effectively shut down for the month of November however it is still very helpful to compare the real estate market and see what progress has been made. On the whole, the entire Long Beach Island and Southern Ocean County area has made a full recovery from the damage caused by Hurricane Sandy and nowhere is this more evident than in the local real estate market. A strong real estate market supports a strong economy and a great way to measure the real estate market is by looking at Single Family Home Sales in Beach Haven.
Single Family Home Sales in Beach Haven
The Beach Haven real estate market has shown some strong activity . The following is a breakdown of sold single family homes in Beach Haven between November 1st 2013 and March 1st 2014:
- 9 single family homes sold in the Beach Haven real estate market
- The average price of a single family home was $862,611
- On average, homes spent 84 days on the market and sold for about 93% of their asking price
This sales data is far stronger than a year ago which saw only 4 single family homes sell during the same time period! With over twice as many homes having sold, it is clear that there is a strong interest in the Beach Haven NJ real estate market. It is interesting to note that there were no storm damaged homes sold in Beach Haven during this time period which shows that the inventory of Hurricane Sandy damaged homes has mostly cleared the market. The least expensive single family home in Beach Haven sold for $425,000 and the most expensive sold for $1,200,000. Beach Haven is an area of great popularity in the LBI real estate market but it is common to see a lower number of sales simply because it is so much smaller than the areas of Long Beach Township, Ship Bottom or Surf City. It is therefore important to understand how Single Family Home Sales in Beach Haven relate to the rest of the Long Beach Island real estate market!
Buying a Home in Beach Haven New Jersey
Beach Haven is one of the most popular areas on Long Beach Island thanks to the wonderful attractions offered. There is excellent rental potential for those looking at buying a single family home as an investment and there is also great appeal in the ability to be so close to all the excitement the town has to offer. Regardless of your motivation, it is important to understand Single Family Home Sales in Beach Haven and the current trends in the LBI real estate market. For more information about Single Family Home Sales in Beach Haven or the LBI real estate market in general, please do not hesitate to contact me, Nathan Colmer, and I will be happy to answer any questions you have!
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | firstname.lastname@example.org