Single Family Home Sales in the Beach Haven West Real Estate Market in February 2015
Beach Haven West Real Estate
The Beach Haven West real estate market has been working to rebuild since Hurricane Sandy. The area has been witnessing an unprecedented wave of rebuilding, house raising, and new construction taking place. This significant investment in the Beach Haven West area is a positive indicator of the future potential for the area. With such a large investment in the reconstruction of the area, the end result will be a more storm ready community with a higher average price point. While Beach Haven West real estate sales in February 2015 show to the lower average sales price, the homes sold will make way for new construction that will be worth substantially more than current structures.
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 Sales in February 2015
Sales of single-family homes in the Beach Haven West real estate market were as follows:
- Four single-family homes sold in the Beach Haven West real estate market
- The average price of a home was $219,000
- The average price per square foot of a single-family home was $109.38
On average, homes spent 129 days on the market and sold for 88.56% of their listing price
The average price of a single-family home was lower in the month of February 2015 the preceding months. That said, the majority of homes sold in February were storm damaged homes that will most likely be torn down to make way for new construction. The sales statistics above do not take into account the cost of building new homes, however when that cost is added to land value, we find that buyers are willing to invest a great sum of money in the Beach Haven West real estate market. This follows the prevailing trends of reinvestment, rebuilding, and a strong future outlook for the Beach Haven West real estate market.
Investing in Beach Haven West
The Beach Haven West real estate market offers many opportunities. With a better understanding of flood insurance, building codes, flood zones, and the long-term potential appreciation of the area, many buyers are taking note of the area and looking to purchase a home. There are still many homes in many areas that need to be rebuilt and improved, however in time these improvements will produce fantastic results. For more information about the Beach Haven West real estate market or Beach Haven West real estate sales in February 2015, 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