Beach Haven West Real Estate Market Value Increases
Beach Haven West NJ Real Estate
The real estate market in Beach Haven West has been seeing impressive growth. The rise in both prices and market activity can be attributed to several factors. In addition to the great deal of new homes being built throughout the Beach Haven West real estate market, a strong economy and a strong national real estate market are two of these. Increasing property values in Beach Haven West and elsewhere should be understood by all buyers and sellers looking to make a move in the local real estate market.
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Increasing Property Values in Beach Haven West and Elsewhere
Home sellers realized an average home price gain of $54,000 in the fourth quarter, the highest profit since before the Great Recession, said ATTOM Data Solutions, Irvine, Calif. The Company’s Year-End and 4Q 2017 U.S. Home Sales Report said average home price gains rose from $53,732 in the third quarter and from $47,133 a year ago to the highest since Q3 2007. The average seller in the Beacjh Haven West real estate market most likely has seen an even better rate of return depending on when they initially bought a house and if they built new. That $54,000 average home seller profit represented an average 29.7 percent return on investment compared to the original purchase price, up from 28.8 percent in the previous quarter and up from 26.8 percent a year ago to the highest average home seller ROI since Q3 2007. At the same time, ATTOM reported homeowners who sold in the fourth quarter had owned their homes an average of 8.18 years, up from 8.12 years in the previous quarter and up from 7.78 years a year ago to the longest average home seller tenure as far back as data is available, Q1 2000. “It’s the most profitable time to sell a home in more than 10 years yet homeowners are staying put longer than we’ve ever seen,” said Daren Blomquist, senior vice president with ATTOM Data Solutions. ATTOM reported the U.S. median home price in 2017 at $235,000, up 8.3 percent from 2016 to a new high. Annual home price appreciation in 2017 slowed slightly compared to the 8.5 percent in 2016. Source: The Mortgage Bankers Association
Buying a Home in the Beach Haven West Real Estate Market
Overall home sales in the Beach Haven West real estate market have been strong. Lately, Beach Haven West has emerged as a viable alternative to the LBI real estate market which has out priced many home shoppers. A second home in Beach Haven West offers the advantage of being near to LBI but living on the water for an affordable price! For more information about Increasing Property Values in Beach Haven West and Elsewhere or for information about buying a home in the Beach Haven West NJ 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
www.beachhavenwestrealestate.com | www.BuyLBI.com
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Looking for a lender? Try Len Herbert , Branch Manager Advisors Mortgage Group, LLC. His contact information is 1411 Highway 35 Ocean, NJ 07712 lherbert@advisorsmortgage.com www.lenherbert.com (609) 549-0270 (732) 684-5771 NMLS # 442515. I have worked with Len on several occasions for transactions in the Beach Haven West Real estate market and highly recommend him as trusted professional.