To some extent, Hurricane Sandy created a barometer of risk: a town or property that survived the storm sets wary buyers at ease. Less than a year after the storm, Pier Village, a beachfront community in Long Branch where little damage occurred, began selling condominiums near the water. Now, 70 percent of the 44 units have sold, with prices for remaining units ranging from $439,000 for a two-bedroom to $698,000 for a three-bedroom with a den. The condo is a short walk from shops and restaurants as well as the beach.
“Almost everyone asks about the storm,” said Dawn Nassaney, the sales manager for 55 Melrose Terrace at Pier Village. “If we came through Sandy unscathed, that’s a huge selling point.”