Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer

LBI Real Estate Sales Transactions

Nathan Colmer | The Van Dyk Group

C: 609.290.4293 | O: 609.492.1511

LBI Real Estate Monthly Sales | Long Beach Island New Jersey Real Estate

Read LBI real estate monthly sales and Long Beach Island New Jersey real estate information provided by Nathan Colmer of The Van Dyk Group. LBI real estate sales are broken down on a month by month basis for single family homes, condos and duplexes on Long Beach Island.

 

2010 Sales Transactions Long Beach Island New Jersey | LBI NJ Real Estate | Nathan Colmer

View Past Year's Sales

 

September 2020

The LBI real estate market is on fire with 106 closings in September. Sales for September 2020 are as follows:

Single Family Homes

93 Sold Average Price: $1,440,582

Average Percentage of Listing Price: 97.95%

Average Days on Market: 110

Condominiums

12 Sold Price: $642,408

Percentage of Listing Price: 99.02%

Days on Market: 47


While the total number of sales in September 2020 was lower than August 2020, a year over year comparison shows shocking differences. There were a total of 60 closed transactions in September 2019 (51 single-family homes and 9 condos) compared to 106 in September 2020. What is also very interesting is the difference between the listing price and sales price and the days on market. In 2019, the average difference between list and sales price was just over 95% whereas in 2020 it was almost 98%. In 2019 homes spent 132 days on the market and in 2020, that number dropped to 110. While 3 percentage points and 22 days may not sound like a lot, it does tell us a great deal about the behavior of buyers in the current climate. They are willing to pay more and do so faster. Competition is high as evidenced by the 252 homes that are currently pending in the LBI real estate market. 

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August 2020

August 2020 was a game changer. This month set a record in closed sales as the LBI real estate market continues to see unheard of levels of buyers entering into transactions. Sales for August 2020 are as follows:

Single Family Homes

Condominiums

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July 2020

The Long Beach Island real estate market is booming. This is a seller's market through and though. Sales for July are as follows:

Single Family Homes

Condominiums

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June 2020

The real estate market on Long Beach Island is on fire. Frankly, it is a level of activity that knows no recent precedent! Sales in June 2020 were as follows:

Single Family Homes

Condominiums

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May 2020

May showed some interesting sales statistics as the world, and the LBI real estate market, began to see some reactive data from COVID-19. Sales in May 2020 were as follows:

Single Family Homes

Condominiums

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April 2020

As the world continues to understand the full impact of COVID-19 or coronavirus, we are starting to see some normalcy return to Long Beach Island and the LBI real estate market. Plans are in place to open LBI for Summer 2020 and the market seems to be responding in kind. Sales in April were as follows:

Single Family Homes

Condominiums

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March 2020

Coronavirus! This unfortunate and tragic pandemic has dominated the news and the LBI real estate market is no exception. The impact of the virus is not yet apparent but it certainly has had an influence on buyer and seller behavior. Sales in March were as follows:

Single Family Homes

Condominiums

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February 2020

February 2020 saw an explosion of sales when compared to February 2019. Sales were as follows:

Single Family Homes

Condominiums

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January 2020

New year new market! 2020 is an election year which can always make for some interesting market activity. Let's see how the year got started.. Sales were as follows:

Single Family Homes

Condominiums

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Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer
Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer
Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer
Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer

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Your LBI Beach House is a Phone Call Away! Call Nathan Colmer 609-290-4293

Nathan Colmer

609.290.4293

ncolmer@vandykgroup.com

The Van Dyk Group

12800 Long Beach Blvd

Beach Haven Terrace NJ 08008

609.492.1511