Barnegat Light Oceanside Sales Comparison 2016-2019
- High Tides Digital Marketing
- Apr 29, 2019
- 2 min read
Long Beach Island NJ (LBI NJ) Real Estate Market and Barnegat Light Home Sales Update
Long Beach Island Real Estate
The oceanside and ocean block areas of the Long Beach Island real estate market represent some of the most active home sales. While Long Beach Island is only 18 miles long, there are some big differences between the different towns and communities that make up LBI. One of the most unique is Barnegat Light. Being located on the North end of LBI and having a more natural, less developed feel makes this area an interesting case study. This Barnegat Light Oceanside Sales Comparison 2016-2019 shows how the market has changed over the past few years and should be understood by buyers and sellers in the LBI real estate market.
Barnegat Light Oceanside Sales Comparison 2016-2019
Looking at the sale of single family homes on the oceanside and oceanblock areas of Barnegat Light on Long Beach Island revel some interesting trends:
2016 saw 16 sales with an average price of $850,469
2018 saw 15 sales with an average price of $937,233
Year to date (January to the end of April) in 2019 saw 4 sales with an average price of $910,000
As you can see the Barnegat Light real estate market has shown rather significant growth. This activity mirrors that of the Long Beach Island real estate market as a whole. With a roughly 7%-10% appreciation since 2016 it is fair to say that the Long Beach Island real estate market is doing well.
Barnegat Light Real Estate and the LBI Real Estate Market
The LBI real estate market and specifically Barnegat Light have come a long way since the economic downturn of 2008 and since Hurricane Sandy. Widespread redevelopment and new construction building has helped but overall confidence in the LBI real estate market has to rank as the biggest reason for this price appreciation. If you have any questions about buying, selling or investing in the LBI real estate market please do not hesitate to contact me.
By : Nathan Colmer, Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
