Measuring Sales Volume in the Beach Haven West Real Estate Market Between 2010 and 2014
Beach Haven West Real Estate Market
The Beach Haven West real estate market has been undergoing a period of transition. In the wake of Hurricane Sandy, there has been an unprecedented wave of new construction taking place all over the area. Hurricane Sandy forced a change upon the area to rebuild or renovate existing homes and meet the new base flood elevation limits imposed in September 2012. With so much change taking place all over the area, we have been witnessing interesting activity when measuring Beach Haven West real estate sales volume. The translators witnessing in the Beach Haven West real estate market generally point to an improvement in the overall economy.
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 Volume
Between 2010 and 2014 Beach Haven West real estate sales volume was as follows:
- 2010: $24,160,000
- 2011: $25,634,000
- 2012: $23,000,993
- 2013: $27,888,000
- 2014: $24,631,000
A look at the above data points to some interesting sales trends. 2014 held in line with past years and in fact was higher than 2010 and 2012. 2013 showed the highest amount of sales volume, which is to be expected as many homeowners sold their storm damaged homes in the wake of Hurricane Sandy. What the sales volume figures do not show us is the amount of additional capital that is being invested into the Beach Haven West real estate market through new construction. Some, and in fact many, of the homes sold in 2013 and 2014 were storm damaged and were sold with the intention to demolish the existing structure and build a new home. This process, which can cost several hundred thousand dollars, it counts for a significant investment in the area and shows buyer’s optimism for the future the Beach Haven West real estate market.
Buying a Home in the Beach Haven West Real Estate Market
Overall, the real estate market in Southern Ocean County and in Beach Haven West have been shown strong signs of improvement. While there is still volatility in the local real estate markets, some of which can be attributed to Hurricane Sandy, the overall improvement and reinvestment in the area should create a very positive future. For more information about Beach Haven West real estate sales volume or the Beach Haven West real estate market in general, 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