Single Family Home Transactions In The LBI Real Estate Market And Beach Haven Crest First Quarter Re

Dated: 06/09/2016

Views: 564

Beach Haven Crest First Quarter Real Estate Sales in 2016


Beach Haven Crest First Quarter Real Estate Sales in 2016
Beach Haven Crest First Quarter Real Estate Sales in 2016

Long Beach Island NJ Real Estate

The Beach Haven Crest real estate market reported only one closed transaction during the first quarter of 2016. This is not an alarming statistic, as it is important to remember that these small sections of Long Beach Township often only have a few transactions in any given quarter, thanks to their small size. The single family home that sold was located at 7707 Ocean Blvd. and offers the unique case study for the greater Long Beach Island real estate market. This home was three bedrooms with 1 1/2 bathrooms, and approximately 2,242 square feet. The ocean block location and large lot size made it a unique home and it ultimately sold for $830,000. This represents the sales price of 94.43% at a price per square foot of $370.21. What makes this interesting is the fact that it was not elevated on pilings. The first floor elevation was approximately 15 feet above sea level. It is a common misconception that homes which are not elevated on pilings will suffer outrageously high flood insurance rate. This is simply not the case. Many homes on Long Beach Island, even if they are not elevated on pilings, will have a sufficient ground elevation to ensure they are more than compliant with the current flood zones. It is important to understand this before buying or selling any home in the LBI real estate market.

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Blog author image

Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

Latest Blog Posts

Barnegat NJ Farmers Market Now Open

Don't forget that Thursday is your chance to get some farm fresh local fruits & vegetables at the outdoors Barnegat Farmer's Market......located at the fenced field opposite the firehouse on

Read More

LBI Real Estate Activity Report

The real estate market has been very active. Mortgage rates are low, inventory is low, demand is high. Please take a moment and read my real estate weekly activity report for recent information

Read More

Staying Healthy In The New Normal

Jumping into a different routine can have some hiccups. Here are 10 quick tips to help you stay physically and mentally healthy while you navigate your new remote workdays.Eat when you’re .

Read More

Summer Solstice On Long Beach Island

SUMMER IS HERE! With almost all our attention focused on the current worldwide situation, it’s a good time to get back-to-nature for a moment and appreciate that we are another quarter of the

Read More