Single Family Oceanfront Sales In The LBI NJ Real Estate Market

Dated: 01/01/2018

Views: 236

Single Family Oceanfront Sales in the LBI NJ Real Estate Market


2017 Long Beach Island Oceanfront Sales


Long Beach Island Oceanfronts

The LBI NJ real estate market had a very strong and very active year in 2017. Overall market activity was strong (541 single family homes sold in 2017 with an average price of $1,106,290) and the oceanfront home market was no exception. Oceanfront homes helped to drive the average price of a single family home higher on LBI and nowhere is this more evident than in the new construction oceanfront market. Most new oceanfront homes sell in the around $3,500,000 or higher, a price not seen on Long Beach Island ever before. This demand has to do with Sandy creating an unprecedented wave of new construction that has helped to fuel a major increase in the LBI market. The simple law of supply and demand comes into play as there are fewer and fewer opportunities to build a new oceanfront home on LBI. Given the enormous activity in the oceanfront market and considering that the higher end of the market usually dictates the future of the overall market, 2017 Long Beach Island oceanfront sales show a positive future for the LBI real estate market.

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

You May Also Like:

Latest Blog Posts

Understanding Listing Patterns In The Long Beach Island New Jersey Real Estate Market

Understanding Listing Patterns In The Long Beach Island New Jersey Real Estate MarketLong Beach Island NJ Real EstateThe LBI real estate market is rather unique in that there is a very definite

Read More

Its Pumpkin Picking Time Near You

Yep, it's that time of year again. The summer flew buy lightning fast (well, for me anyway)! Labor Day has come and gone,kids are back in school , the beaches while still some are open are way less

Read More

People Who Live In Glass Houses Should Buy Good Drapes

What does this mean? I have no idea; I just thought it would be a catchy headline to capture your attention. This is an open letter to people who are center and right leaning.WARNING: Important

Read More

Nuisance Flooding Measures Approved In Beach Haven

Beach Haven hopes to reduce nuisance flooding through a $3 million bond ordinance that was adopted by the borough council at its meeting Monday.Councilman Donald Kakstis said the project was

Read More