Bayfront Sales Update on Long Beach Island
- High Tides Digital Marketing
- Nov 14, 2017
- 2 min read
Bayfront Sales in the Long Beach Island Real Estate Market
Long Beach Island Real Estate
The LBI real estate market has been seeing strong activity with steady prices and an increase in activity. It is often helpful to look at individual segments of the market to see how they are currently performing. Here I have put together some data regarding bay front sales in the LBI real estate market. This bayfront sales update on Long Beach Island is a helpful study to those looking to invest in the waterfront market-which is one of the more expensive markets on Long Beach Island. So too is this helpful to buyers who are not looking at waterfront homes as the higher priced areas of the LBI real estate market are often good guides for the market as a whole.
Bayfront Sales Update on Long Beach Island
The below data represents all bayfront single family home sales in the LBI NJ real estate market over the past 6 months. Address - Beds - Full Bath- Half Bath- Living Sq Footage-Sale Price
3308 Harbor Lane 3 2 0 1,664 $700,000
342 1st Street 4 3 0 2,252 $900,000
108 Auburn Road 4 4 0 2,472 $1,100,000
248 W 27th Street 4 3 1 2,500 $1,225,000
44 Buckingham Avenue 5 3 1 2,569 $1,243,750
10 William Street 4 2 2 3,000 $1,270,000
4900 Bay Terrace 4 3 1 2,492 $1,400,000
294 W 27th Street 5 3 0 2,634 $1,610,000
355 Dusty Miller Drive 3 2 0 2,309 $1,750,000
40-D Long Beach Blvd 5 4 1 4,014 $2,600,000
15 W 84th Street 5 5 1 3,100 $2,630,000
81 Bayview Drive 6 3 1 4,003 $2,850,000
22 Long Beach Blvd 9 7 3 11,000 $7,200,000
Overall the bayfront market showed strong activity in a variety of price points, including one of the highest priced sales in the LBI real estate market. There were a total of 13 closed bayfront sales, roughly 2 each month. The average price of a bayfront home on LBI was $2,036,827 over this time period. The average price per sq. foot was $573.56 and homes spent an average of 157 days on the market. Homes sold for about 93.13% of their adjusted listing price. For more information about the LBI real estate market or bayfront sales on Long Beach Island, please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
