Spray Beach Real Estate Single-Family Home Sales Update
Spray Beach Real Estate 2014 Fourth Quarter SalesLong Beach Island Real Estate
The fourth quarter of 2014 was a very positive year for the Long Beach Island real estate market. Overall, the price of single-family homes, condos, duplexes, and even commercial properties are far higher than they were in 2013. Inventory of storm damaged homes has all but disappeared and replacing them are large new constructions that are worth considerably more than the pre-existing structures. This has greatly improved the LBI real estate market has created a very favorable investment with high potential for growth. Spray Beach Real Estate 2014 Fourth Quarter Sales shows how investors are looking to capitalize on the LBI real estate market.
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Spray Beach Real Estate 2014 Fourth Quarter Sales
Sales of single-family homes and spray Beach are as follows:
- There was one close single-family homes and spray Beach, 204 E. 23rd St.
- This home sold for $799,000
- 204 E. 23rd St. spent 19 days on the market after a prior listing period of approximately six months at a higher price.
204 E. 23rd St. is a very unique property. It is an ocean block home located one house off the beach on a 100 x 100 block. The home itself was quite old, having been built in 1912. A prior subdivision attempt had been denied which leaves the value of this property lower than it would have been if the subdivision had been approved. That said, an ocean block location one off the beach for $799,000 is still a very good deal as location above all else drives value in the LBI real estate market.
Long Beach Island Real Estate and Spray Beach Home Sales
2014 saw three close single-family home transactions in the Spray Beach real estate market. All three homes were located on the Oceanside or ocean block, furthering the trend that Bayside home sales tend to lag behind Oceanside sales. With the overall improvement and seeming stability of the LBI real estate market, things look positive in 2015 for Spray Beach and elsewhere on Long Beach Island. For more information about the LBI real estate market or Spray Beach Real Estate 2014 Fourth Quarter Sales, call, text, or email 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market