The Dunes 2014 Fourth Quarter Real Estate Sales

Dated: 01/16/2015

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The Dunes 2014 Fourth Quarter Real Estate Sales

Sales of single family homes were as follows:

  • Three single family homes sold

  • The average price of a home was $1,330,833

  • Homes spent an average of 100 days on the market

The three homes sold covered a range of styles showing the dynamism of the real estate market on Long Beach Island. The least expensive home to sell was 8 W. MacEvoy which was an elevated bayside home that sold for $580,000. 114 E. MacEvoy was an oceanside Cape Cod that was not elevated but at a favorable elevation. This home sold for $750,000. Lastly, 12405 Ocean Ave was an elegant oceanfront that traded for $2,662,500. The variety of homes sold during the fourth quarter reflect the better understanding and higher confidence level of buyers in the LBI real estate market.

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