A Look At When The Most Homes Came On The Market In 2014
2014’s LBI Real Estate New Listing ActivityLong Beach Island Real Estate
2014 was one of the best years of the LBI real estate market we have seen for some time. The overall number of homes sold in the average sales price for both higher. The damage caused by Hurricane Sandy has mostly been repaired, and many of the small traditional Beach homes have been replaced by large new construction. This is helped to increase the overall property values in the area. When looking to buy a home in the LBI real estate market, is very helpful to understand current market trends. One of the best, and most important, metrics to use are the number of new listings that come on the market in any given month. 2014’s LBI Real Estate New Listing Activity shows some very interesting trends which can help to guide a buyers decision-making process in 2015.
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2014’s LBI Real Estate New Listing Activity
The LBI real estate market is listing trends tell us some interesting data:
- December 2014 showed the lowest number of new listings coming on the market with only 61 homes
- The most voluminous month for new listing activity was September 2014 with 194 new listings
- On average, there were approximately 100 new listings entering the LBI real estate market every month
For a homebuyer or seller in the LBI real estate market, it is important to keep these trends in mind. The law of supply and demand comes into effect for both buyers and sellers. Clearly, the homebuyer will have more inventory to pick from in the fall months. September showed 194 new listings, October showed 134 listings, and August showed 122 new listings. With that kind of enormous activity, is far more beneficial for a homebuyer to wait until late summer or early fall to make a home purchase. The expectation could be that there will be more inventory to choose from resulting in a better sales price.
2014’s LBI Real Estate New Listing Activity and the Long Beach Island Real Estate Market
When looking at 2014’s LBI Real Estate New Listing Activity , is important to keep in mind seasonal trends we witnessed every year on Long Beach Island. The entire LBI economy centers on summer and home sale trends follow suit. It is not surprising to see a surge in listing activity at the end of the summer as most home owners would prefer to use or rent their house for the summer months. When summer has ended, a seller is much more likely to list their home for sale rather than keep it over the winter. It is also not surprising to see that the lowest months of listing activity were November with 72 new listings and December with 61 new listings. The holiday season tends to be a very quiet time in the LBI real estate market and new listing data reflects this trend. For more information about the real estate market on Long Beach Island or 2014’s LBI Real Estate New Listing Activity , contact me and I will respond right away.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.BuyLBI.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market