Beach Haven West NJ Real Estate Market

The Beach Haven West NJ Real Estate market was impacted greatly by Hurricane Sandy and such to the point that past years sales are somewhat irrelevant. Hurricane Sandy caused massive damage to the entire Beach Haven West area due to high flooding. With the recent changes in the National Flood Insurance Program (which had nothing to do with Hurricane Sandy), the makeup of Beach Haven West is undergoing major changes.

Beach Haven West offers:

• Mostly single family homes and a few duplexes
• Nearly all homes in Beach Haven West are waterfront
• The majority of homes in Beach Haven West are on lagoons with direct bay access

The area was originally developed in the 1950's and 1960's with homes being built on slabs or on a low block foundation. These home were particularly at risk to flooding and in some cases these homes has 5 feet of water inside the structure! These home are subject to major increases in their flood insurance premiums due to the changes implemented by Congress and the Biggot Waters Act.

Due to the changes in the law, flood insurance is now priced by the elevation of the first flood of a dwelling. Elevation is comprised of the natural ground elevation combined with the elevation of the structure's foundation. These two numbers together give you the building's elevation. With these changes, most homes in Beach Haven West need to be raised or town down and a new home built in its place up to current Base Flood Elevation (BFE).

Homes that are currently at or are above BFE have retained much of their value whereas homes that are below grade are sold for land value.

Beach Haven West allows its residents to own a waterfront home at an affordable price will still having access to all the fun of Stafford, Manahawkin and of course, Long Beach Island!