Long Beach Island Real Estate Oceanblock Sales April 2019
- High Tides Digital Marketing
- Apr 15, 2019
- 3 min read
Buying Long Beach Island Real Estate Oceanblock Homes
Long Beach Island Real Estate
Oceanblock homes in the LBI real estate market offer a lot of opportunity. This is one of the most popular areas of our market for several reasons. An true oceanblock home on Long Beach Island will have no street to cross, will usually have some kind of water view and will have a strong ability to act as an investment property. Long Beach Island Real Estate Oceanblock Sales highlight just how strong this area of the market is any why buying an oceanblock home in the LBI real estate market can make good sense. Buying an oceanblock home involves an understanding of the market and what drives value here. It is important to consider lot size, location and the view. These factors can make or break this investment.
Long Beach Island Real Estate Oceanblock Sales
Oceanblock homes in the Long Beach Island real estate market offer a mix of convenience and investment. The close proximity to the beach makes them in high demand. Below is a list of all single family home oceanblock sales, both new construction and older homes, that have sold in the past 90 days.
Street Number | Street Name | Municipality | Section | Current Price | Sq Ft Total | DOM |
1 | Marshall | Long Beach Twp | Holgate | $869,000 | 2,264 | 28 |
112 | Maryland | Long Beach Twp | Beach Haven Terrace | $876,321 | 1,788 | 68 |
6705 | Long Beach | Long Beach Twp | Brant Beach | $930,000 | 2,398 | 158 |
6201 | Long Beach | Harvey Cedars | Harvey Cedars | $953,000 | 2,088 | 117 |
12 | East 21st Street | Barnegat Light | Barnegat Light | $975,000 | 1,800 | 27 |
121 | Sand Dune | Long Beach Twp | Peahala Park | $975,000 | 1,616 | 126 |
109 | Virginia (110th) | Long Beach Twp | Haven Beach | $1,125,000 | 2,239 | 119 |
11 | Magnolia | Long Beach Twp | Holgate | $1,200,000 | 2,265 | 128 |
129 | Mac Evoy | Long Beach Twp | Haven Beach | $1,262,500 | 2,358 | 10 |
131 | 18th | Ship Bottom | Ship Bottom | $1,300,000 | 2,288 | 54 |
135 | 16th | Ship Bottom | Ship Bottom | $1,342,500 | 2,364 | 109 |
18 | 48th | Long Beach Twp | Brant Beach | $1,350,000 | 2,200 | 28 |
20 | 7th | Beach Haven Borough | Beach Haven | $1,410,000 | 1,528 | 120 |
15 | 43rd | Long Beach Twp | Brant Beach | $1,425,000 | 2,814 | 37 |
38 | 10th | Surf City | Surf City | $1,600,000 | 2,500 | 28 |
8 | 68th | Harvey Cedars | Harvey Cedars | $1,650,000 | 2,600 | 29 |
28 | 45th | Long Beach Twp | Brant Beach | $1,669,000 | 2,500 | 327 |
8 | Gloucester | Harvey Cedars | Harvey Cedars | $2,060,000 | 2,500 | 72 |
8 | Burlington | Harvey Cedars | Harvey Cedars | $2,300,000 | 3,000 | 50 |
25 | Long Beach | Long Beach Twp | Loveladies | $4,950,000 | 7,000 | 202 |
Looking at the data above there are some important statistics to consider:
Over the past 90 days there were 20 single family homes sold on the oceanblock
The average price of a single family home was $1,511,116
These homes spent an average of 91 days on the market which is roughly half the average in the rest of the Long Beach Island real estate market
Overall sales in the LBI real estate market have been increasing in the past few weeks. Oceanblock sales play a good role in this for both investors and end users.
Buying an Oceanblock Home the LBI Real Estate Market
While there are single family homes, condos and duplexes to be found on the oceanblock areas of LBI, single family homes dominate the market. When looking to buy a single family home on the oceanblock it is important to keep in mind lot size, overall location and the view (or the potential for a view). These are the most significant considerations that can and do impact the price and the long term appreciation of the home. These conditions as well as several others can greatly impact your investment in the Long Beach Island (LBI) real estate market. 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 | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
