Determining The Best Real Estate Value In Beach Haven West
Beach Haven West Real Estate
Since the impact of Hurricane Sandy, the Beach Haven West real estate market has been in a period of redevelopment and rebuilding. Hurricane Sandy was without question the most dramatic event to take place in Beach Haven West, however it also opened many opportunities for both residents and investors. The damage caused by Hurricane Sandy forced many homeowners into renovation or reconstruction of the existing homes. This process was aided by funds from flood insurance which helped to create opportunities that may have otherwise not existed. Looking to the future, it is important to understand the process for Shopping For The Best Beach Haven West Real Estate Values.
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
Shopping For The Best Beach Haven West Real Estate Values
It is important to understand the price ranges where we see the most activity. This can help to determine where a buyer will find the most competition. Looking at sales in 2014 can help to demonstrate where the best values can be found.
- The most active price range was the $150,000-$200,000 price range with 25 closed transactions
- The second most active price range was the $200,000-$250,000 range with 22 close transactions
There were only four closed single-family homes under $150,000 and it is interesting to note that the market activity over $250,000 substantially exceeded activity in the lower price brackets. This shows some very interesting trends developing as higher-priced homes are gaining traction and buyers are more willing to invest in completed new construction. From this, we can determine that some of the best values can be found in the teardown or vacant land market in Beach Haven West. These opportunities will create a scenario by which a new home can be built an immediate equity can be realized.
Buying a Home in the Beach Haven West Real Estate Market
Buying a home is a major financial investment and it is important to understand the current trends prior to entering a transaction. Understanding past market sales can be an excellent gauge in estimating the future of a real estate market. Beach Haven West has been undergoing a substantial phase of rebuilding which is making the area more storm ready and safer against future flooding. This will go a long way to keeping property values higher and investments more secure. Even with these new safeguards, it is important to be wise in your purchase and make the best use of your money. For more information about Shopping For The Best Beach Haven West Real Estate Values, contact the Beach Haven West Real Estate Group and we will be happy to answer any questions you have.
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