LBI Real Estate Active Listing History

LBI Real Estate Active Listing History

Historic Count of Active Single Family Homes in the Long Beach Island Real Estate Market

Long Beach Island Real Estate

The Long Beach Island real estate market has been going though a bit of a change lately. For the first time since Hurricane Sandy we have seen several months of lower sales numbers (although the average price of a single family home on Long Beach Island continues to be high). I have written several times in my monthly sales updates about how lower inventory levels are making it harder and harder to buy the “right” house on Long Beach Island. In today’s article I wanted to break down the inventory levels over the past few years to give some context to why and how LBI Real Estate Active Listing History can have such an impact on the LBI market. In summary:

  • Inventory levels of single family homes on LBI are historically low
  • With less homes for sale, prices have increased making good inventory less affordable to some buyers

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LBI Real Estate Active Listing History

The historic count of active single family homes in the Long Beach Island real estate market can be found in the table below:

Month2014 Active Listings2015 Active Listings2016 Active Listings
2017 Active Listings

2018 Active Listingss
Jan445530509469430
Feb460564557479485
Mar500585591500457
Apr523606609482468
May529589597479448
Jun525568577449428
Jul515578554465450
Aug522603539478481
Sep564616552514521
Oct555603522498499
Nov540581500457471
Dec494499437416

As you can see from the data above, the number of active listings for single family homes on Long Beach Island is considerably less than in years past. Add to this the fact that many of the “active” homes actually have contracts pending on them and it is easy to see why some buyers are having a harder time purchasing a home in the LBI real estate market.

Buying a Home in the LBI Real Estate Market

When looking to buy a home on Long Beach Island it is important to consider what makes the most sense and the most responsible investment. Taking this point further, sometimes it is best to wait for a “better” house to come on the market rather than jump into something that doesn’t’ meet all or most of your needs. In a market of lower inventory we see many buyers rushing into a purchase. This simply put is the worst thing you can do. It is far better to be patient and wait for a property that has strong fundamentals and will hold its value long term in the Long Beach Island real estate market. For more information about buying a home in the LBI real estate market or about LBI Real Estate Active Listing History please do not hesitate to contact me anytime.

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

More LBI Real Estate Information:

Home Inspection Negotiation in the LBI Real Estate Market

LBI Real Estate Market Appreciation

LBI Real Estate Home Sales Over $1,000,000