Beach Haven West Real Estate 2016 Third Quarter Sales
Beach Haven West NJ Real Estate
Single-family home sales in the Beach Haven West real estate market showed strong activity in the third quarter of 2016. Overall, there were 28 closed transactions in a wide range of price points and home styles. Buyers continue to have concerns about flood insurance cost so it is important for both buyers and sellers to understand the ramifications of both flood insurance and current building codes. Overall, Beach Haven West real estate 2016 third quarter sales show promise for continued growth in the local real estate market.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.beachhavenwestrealestate.com | www.BuyLBI.com
Click here to search all homes for sale in Beach Haven West
Beach Haven West Real Estate 2016 Third Quarter Sales
Sales of single-family homes in the Beach Haven West real estate market are broken down as follows:
- There were 28 closed transactions in the Beach Haven West real estate market.
- The average price of a single-family home was $390,764.
- The average price per square foot was $211.96.
- On average, homes spent 124 days on the market and sold for 96.2% of their listing price.
The least expensive home to sell is 59 Patrick Drive. This was a storm damaged home which was essentially sold for land value. This home sold for $190,000 after standing only 19 days on the market. The home sold for $177.90 per square foot which actually represents a sales price to list price ratio of 100.53%. The most expensive home to sell was 2032 Mill Creek Rd. This was a brand-new construction with five bedrooms 3 1/2 bathrooms and 2500 feet of living space. This impressive waterfront home sold for $736,000 after spending 374 days on the market. This represents a price per square foot of $294.40 and a sales price to list price ratio of 98.15%.
Buying Beach Haven West NJ Real Estate
Overall, home sales in Beach Haven West highlight the importance of buyers to be educated in the current building codes. It is interesting to point out that fewer and fewer storm damaged homes and building opportunities exist which is why there was such competition for a home such as 59 Patrick Drive. There’s tremendous upside potential to purchasing a property such as 59 Patrick Drive and redevelop a new home in its place. Building a home in the Beach Haven West real estate market can be an excellent investment opportunity as is highlighted by the intense competition that exists. For more information about Beach Haven West Real estate 2016 third quarter sales, please do not hesitate to contact us.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.beachhavenwestrealestate.com | www.BuyLBI.com
Click here to search all homes for sale in Beach Haven West
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