Belmar

Belmar Real Estate Market Report

The community of Belmar New Jersey is known for its vibrant beachfront. The Belmar real estate market has also shown vibrancy over the last five years. Many commercial establishments along Belmar’s beachfront have been razed and replaced by single family residences, while the interior of the community has also seen its fair share of remodeled homes and new construction.

The Main Street shopping district is also experiencing major redevelopment.

Visitors travel from all over the metropolitan New York and Philadelphia areas to sunbathe on Belmar’s wide beaches, surf and swim in the Atlantic Ocean and walk and jog on Belmar’s boardwalk.

Golfers can visit Monmouth County’s highly rated golf courses at Hominy Hill, Howell Park, Bel-Aire and the Shark River course which are nearby. Or visit Charleston Springs, our newest golf course.

During the period between from 3/15/2010 and 4/15/2010, 3 single family homes closed while 4 homes are under contract. There are currently 81 single family homes on the market. The average list price of all homes on the market is $934,637 and the median price is $649,000.

For the period between 4/1/2009 and 4/1/2010, 32 single family homes closed while 33 homes closed during the prior yearly period. The average closed price of the homes that sold was $702,593 while the avg. closed price of homes sold during the prior year was $733,641. The list to sell price ratio was 92%.