Beach Haven Crest 2018 Real Estate Sales
- High Tides Digital Marketing
- Feb 23, 2019
- 3 min read
Beach Haven Crest and the LBI NJ Real Estate Market
Long Beach Island Real Estate
Beach Haven Crest 2018 Real Estate Sales slowed down when compared to 2017 by a significant amount. In 2017 there were a total of 33 transactions whereas 2018 saw only 14. This is a significant drop in activity and one that has echoed across other areas of the LBI real estate market. The average price of a single family home was also lower at just over $890,000 compared to $1,100,000 in 2017. While this does seem like bad news overall, there are drastic inventory shortages in the Long Beach Island (LBI) real estate market and this contributes to the lower sales volume. Overall the average price of a single family was higher in 2018 than 2017 so we will have to keep an eye on the market as it develops in 2019.
Beach Haven Crest 2018 Real Estate Sales
Sales of single family homes, condos, duplexes, vacant land and commercial listings are shown below. This represents all transactions in the Beach Haven Crest real estate market for 2017 in our local MLS system. While there was 1 commercial transaction in 208, it was actually sold with the intention to build a new single family residence on it.
Type | MLS# | Address | Municipality | Section | Current Price | Beds Total | Baths Full | Baths Half | Sq Ft Total | Waterfront | DOM |
CONDO | 4030962 | 7700 Long Beach | Long Beach Twp | Beach Haven Crest | $120,000 | 1 | 1 | 0 | 490 | No | 193 |
CONDO | 4033104 | 7700 Long Beach | Long Beach Twp | Beach Haven Crest | $145,000 | 2 | 1 | 0 | 520 | No | 135 |
CONDO | 4033060 | 7700 Long Beach | Long Beach Twp | Beach Haven Crest | $215,000 | 2 | 1 | 0 | 520 | No | 136 |
SF | 4044009 | 7 E Jeanette | Long Beach Twp | Beach Haven Crest | $435,000 | 3 | 1 | 0 | 596 | No | 71 |
SF | 4043367 | 15 W Culver | Long Beach Twp | Beach Haven Crest | $620,000 | 3 | 1 | 1 | 1,008 | No | 19 |
SF | 4043467 | 1 E Hobart | Long Beach Twp | Beach Haven Crest | $700,000 | 4 | 2 | 0 | 1,511 | No | 37 |
SF | 4049733 | 7 E Culver | Long Beach Twp | Beach Haven Crest | $793,000 | 3 | 2 | 0 | 2,042 | No | 35 |
SF | 4033015 | 6 E Winifred (79th) | Long Beach Twp | Beach Haven Crest | $889,000 | 5 | 2 | 0 | 2,400 | No | 164 |
SF | 4034336 | 7707 Long Beach Blvd | Long Beach Twp | Beach Haven Crest | $950,000 | 6 | 4 | 1 | 3,299 | No | 93 |
SF | 4045857 | 39 W Winifred | Long Beach Twp | Beach Haven Crest | $1,115,000 | 4 | 3 | 1 | 2,188 | No | 100 |
SF | 4053461 | 104 E Hobart | Long Beach Twp | Beach Haven Crest | $1,625,000 | 5 | 3 | 1 | 2,881 | No | 35 |
COM | 4035944 | 7601 Long Beach | Long Beach Twp | Beach Haven Crest | $425,000 | 0 | 0 | 0 | 0 | No | 81 |
MUL | 4048081 | 7409 Ocean | Long Beach Twp | Beach Haven Crest | $1,150,000 | 0 | 0 | 0 | 1,824 | No | 53 |
MUL | 4043216 | 106 E Hobart | Long Beach Twp | Beach Haven Crest | $1,163,000 | 0 | 0 | 0 | 1,900 | No | 120 |
As the chart above shows there were 8 single family homes sold and 9 if you count the aforementioned commercial land that was sold. The average price of these single family homes (not counting the commercial lot) was $890,875. In addition there were 3 condos and 2 multi family homes sold.
There are some warning signs that 2017 was the peak of the market. We are seeing lower sales volume but with a higher price. That could lead to some buyers overpaying for a home so it is key to pay attention to the data points that drive value in the LBI real estate market. Buyer confidence and activity is still high - but patience and discipline are key to buying in the market right now. For more information about Beach Haven Crest 2018 Real Estate Sales or about buying, selling and investment in the Long Beach Island real estate market 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
