2019 Brigantine Beach Real Estate Market Recap

2019 Real Estate Statistics in Brigantine Beach, NJ

 

 

 

 

 

500 Brigantine properties went to the closing table in 2019. That number is consistant with the number sold in 2018 and 2017 which was 505 & 513 respectively.  The housing market in Brigantine got it's jump start in 2017 when the volume of properties sold jumped a staggering 36% from 2016 to 2017 (376 to 513).  

 

 

The average selling price of a property in Brigantine

increased 10% in 2019 as compared to the year before.  

(The median selling price had a 4% increase) 

 

The lowest selling price was $68,000 for a 1 bedroom condo

The highest selling price was a bay front home for $1,975,000

 

 

 

 

The average residential (single family homes and townhomes)

selling price in 2019 was $462,000  (up 13% from 2018)

(The median selling price had a 1% increase) 

 

The highest priced home sold for $1,975,000

11 homes sold for over $1,000,000 in 2019 as compared to 8 homes in 2018

 

The lowest priced home sold for $122,400 (townhouse in poor condition - short sale)

 

 

 

The average condominium selling price in 2019

was $258,000 (up 9% from 2018)

(The median selling price had a 13% increase)

 

The highest priced condo sold for $760,000 (4 bedroom ocean front unit)

 

The lowest priced condo sold for $68,000 (Dolphin Cove unit in poor condition)

 

 

 

The average multi-family selling price in 2019

was $345,000 (up 14% from 2018)

(The median selling price had a 10% increase)

 

The highest priced multi-family property sold for $690,000

 

The lowest priced multi-family property sold for $105,250 (poor condition -  bank foreclosure)

 

 

 

The average vacant lot selling price in 2019

was $291,000  (up 6% from 2018)

(The median selling price had a 15% increase)

 

The highest priced lot sold for $685,000 (60X100 lagoon front with boatslip)

 

The lowest priced lot sold for $85,000 (50X90 golf course area)

 

 

 

 

 

As of this writting there are currently 2 bank foreclosures available for sale in Brigantine and no short sales.

 

CLICK HERE TO VIEW ALL

 

 

 

In 2019 the overall median selling price of a property in

Brigantine increased 4% as compared to 2018, 8% as

compared to 2017 and 12.5% compared to 2016.

 

Volume of properties sold increased 15% from 2015 to 2016 then increased a

whopping 36% from 2016 to 2017 indicating a rise in real estate values would follow.  

 

 

 

 

 

The National Association of Realtors predicts

real estates prices will increase 4.3% in 2020.  

 

 

 

As of this writting there are 393 properties available for sale in Brigantine.

(50 properties in Brigantine are currently under contract pending settlement)

 

 

 

 

 

Thinking of investing in Brigantine Beach, NJ? 

to begin your property search

 

 

 

 

 

 

Written by Dennis Allen, Broker Sales Associate - Ashore Realty Inc.

29 year Realtor, 25 year real estate investor

 

Information obtained by the South Jersey Shore Regional MLS