Single Family Bayfront Sales in the LBI Real Estate Market Over the Past 12 Months
Long Beach Island Real Estate
The Long Beach Island real estate market is comprised of many different locations. Depending on your needs and your budget, different locations will appeal more than others. One location that has definite pros and cons is the bayfront. On the negative side of things the bayfront location will have additional wear and tear, a higher overall cost of ownership (especially when you factor in maintenance and replacement of a bulkhead) and a longer walk to the beach. Bayfronts do have the all famous LBI sunsets (which are almost priceless), an unobstructed view of the water (at a lower price than an oceanfront home) and the ability in most cases to dock a boat right at your front door! For buyers who are interested in buying a home on the bayfront on LBI it is helpful to see where the market has been trading over the last year in terms of both number of sales and the average price point. Interestingly, bayfront home sales make up a rather small percentage of the LBI real estate market. This is due to the simple fact that they do not come up for sale as often as other locations in the LBI real estate market do. Long Beach Island real estate bayfront single family home sales are still a very helpful insight into the greater Long Beach Island market as they constitute one of the higher price points on LBI.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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