Beach Haven West Real Estate Market Sales Between September 2014 and March 2015
Beach Haven West Real Estate
The Beach Haven West real estate market has been working through transitional phase in the wake of Hurricane Sandy. They are an excellent opportunities to purchase a home and rebuild, which many buyers and investors have been taking advantage of. In the long term, real estate values in Beach Haven West will continue to improve as the area finds itself with an abundance of luxury homes on the water. These homes will be better able to withstand future storms as they are elevated above base flood elevation lowering their storm risk and subsequently their flood insurance costs. This prediction is supported by the strong real estate activity we are seeing and current Beach Haven West real estate market statistics.
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 Market Statistics
Sales of single-family homes in the Beach Haven West real estate market between September 2014 and March 2015 show a very positive sign.
A total of 30 single-family transactions closed during this time period
- The average price of a single-family home in the Beach Haven West real estate market was $295, 547
- On average, single-family homes sold for $188.36 per square foot
- On average, homes spent 149 days on the market and sold for 92.05% of their listing price
There are some important details to extract from the above information. For example, the term single-family homes is inclusive of both move-in ready new construction, renovated homes, and storm damaged properties sold mostly for land value. Therefore, when looking to purchase a home in the Beach Haven West real estate market, it is important to identify the specific type property you are looking for and determine the current market value for that home. Homes that are selling more quickly with an average time of approximately five months been spent on the market. During this time period, a grand total of over $8.8 million worth of homes sold in the Beach Haven West real estate market.
Buying in the Beach Haven West Real Estate Market
There are some important aspects of the Beach Haven West real estate market all buyers should be aware of. For example, Beach Haven West is a waterfront community and flood insurance is required for any home with a mortgage. An understanding of flood insurance is essential to ensure the investment is correct, as high flood insurance costs can negate the profitability of your investment. Therefore, it is important to evaluate the pros and cons of any home prior to entering into any Beach Haven West real estate transaction. For more information about the Beach Haven West real estate market or Beach Haven West real estate market statistics, contact the Beach Haven West Real Estate Group and we will respond right away.
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