Long Beach Island Real Estate Sale Transactions in January and February
January and February Sales in the LBI Real Estate Market 
January and February Sales in the LBI Real Estate Market 
January and February Sales in the LBI Real Estate Market
Long Beach Island Real Estate
As we come to the end of the first quarter of 2020 it is helpful to see how the market is doing thus far. January and February Sales in the LBI Real Estate Market can be a good indicator of transactions for the year however this year, we have a curve ball with the coronavirus. In a few days I will be publishing another post about the first quarter sales and I expect we will see some impact in the numbers however so far, things seem to be holding steady on Long Beach Island. Sales transactions can be summarized as follows:
- There were 54 sold homes in January 2020 and 39 in February 2020
- The average sale price in the LBI real estate market in 2020 was $1,119,937 for January and $941,987 in February
- 2020 was on track to be one of the best starts to the year in the last half decade.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
January and February Sales in the LBI Real Estate Market
Below is a list of all transactions in January and February over the past 5 years in the Long Beach Island NJ real estate market.
| Month | Sales, Number of | Sale Price, Average |
| Jan-15 | 46 | $932,759 |
| Feb-15 | 21 | $1,231,975 |
| Jan-16 | 48 | $819,577 |
| Feb-16 | 33 | $927,383 |
| Jan-17 | 43 | $1,033,961 |
| Feb-17 | 51 | $1,044,688 |
| Jan-18 | 50 | $1,179,858 |
| Feb-18 | 34 | $917,765 |
| Jan-19 | 54 | $893,779 |
| Feb-19 | 29 | $984,929 |
| Jan-20 | 54 | $1,119,937 |
| Feb-20 | 39 | $941,987 |
Long Beach Island Real Estate Market Sale Transactions
The data shows us some interesting trends. 2020 was off to a VERY strong start. January sales tied 2019 as the highest on record over the last 5 years. February showed the second highest number of sales in the past 5 years. The average sales price of home was also among the highest on record. February is of particular interest as this is where coronavirus started to make headlines. That said, it is essential that we remember closed sales began on average 30-60 before the close. As we come into March data in the next week or so, we will have some good insight on how the LBI real estate market is reacting to current times. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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