Long Beach Island Real Estate Single Family Oceanfront Home Sales
Long Beach Island Real Estate Oceanfront Homes
One of the most highly sought-after areas of the LBI real estate market is the oceanfront. This is also one of the most expensive! The post-COVID real estate market has seen significant appreciation in home prices on Long Beach Island so it is helpful to take a look at the average sales price of a single-family home in the LBI real estate market over the last five years to understand where the market is. While prices are up, the increase is not as dramatic as one might expect to see! While we do not have a full year’s worth of data in 2021, the first half of the year seems to be on par with the prevailing trends for the waterfront market.
- The most active year for oceanfront sales on Long Beach Island was 2020 with 69 closed transactions
- So far, 2021 shows the higher average sales price for an oceanfront home at $2,769,397
- 2019 showed the next highest price point at $2,633,090
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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