Nathan Colmer | The Van Dyk Group
C: 609.290.4293 | O: 609.492.1511
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.
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
Average Price: $1,212,724
Average Percentage of Listing Price: 95.42%
Average Days on Market: 162
Percentage of Listing Price: 96.08%
Days on Market: 234
The LBI real estate market got off to a good start. Compared to January 2019 there were 4 more single family homes sold and 1 less condominium. The average price of a single family home was also about $50,000 higher in 2020 as compared to 2019 but it is worth mentioning that the average price of a condo fell slightly. Overall it seems that January 2020 beat January 2019 and growth is always a positive sign to see. There are currently about 80-90 homes under contract in the Long Beach Island real estate market which is also higher than 2019. The year is off to a good start! You can view all homes sold in the past month by clicking here.