Long Beach Island Real Estate Oceanfront Sales Report in 2019
Long Beach Island Real Estate
The Long Beach Island real estate market saw an active 2019 overall. The number of units sold was higher than in 2018, and the average price of a single-family home was slightly higher. While market averages and generalizations are helpful, it can also be beneficial to look at the specific areas that comprise the LBI real estate market. One of the most interesting areas to examine is the oceanfront single-family home market. All things being equal, this is the most expensive segment of the market on Long Beach Island. In 2019 we saw the following:
- 42 single family oceanfront homes sold in 2019
- The average price of a single family oceanfront home was $2,645,187
- It is important to note that this average accounts for both tear down homes and larger (and more expensive) new construction homes
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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