Long Beach Island Real Estate Cornoaviruis Market Prices
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate COVID-19 Prices and Inventory Levels 
LBI Real Estate COVID-19 Prices and Inventory Levels
Long Beach Island Real Estate
LBI Real Estate COVID-19 Prices and Inventory Levels are something that need to be understood by all buyers and sellers on Long Beach Island. In the year since the Coronavirus took hold, we have seen significant changes in all aspects of our lives. Coronavirus has changes the LBI real estate sales market as well! Some of the most notable changes are:
- There are roughly 1/3rd as many homes for sale in the LBI real estate market today as the same time a year ago
- The average price of a home has risen by several hundred thousand dollars in the past year
- The number of homes for sale has dropped every month in the last year
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
LBI Real Estate COVID-19 Prices and Inventory Levels
Below is a chart that shows the number of active listings in the Long Beach Island real estate market as well as the average sales price. It is important to note that the average sales price is reflective of all property types (condos, single family homes, duplexes, etc.).
| Month | Active Listings, Number of | List Price, Average |
| Mar-20 | 692 | $1,282,415 |
| Apr-20 | 636 | $1,208,385 |
| May-20 | 601 | $1,414,275 |
| Jun-20 | 582 | $1,520,440 |
| Jul-20 | 584 | $1,271,888 |
| Aug-20 | 562 | $1,193,028 |
| Sep-20 | 572 | $1,297,708 |
| Oct-20 | 509 | $1,419,102 |
| Nov-20 | 442 | $1,314,300 |
| Dec-20 | 324 | $1,472,145 |
| Jan-21 | 255 | $1,342,269 |
| Feb-21 | 190 | $1,515,495 |
There is a clear and distinguishable pattern in the trends presenting themselves on Long Beach Island. Every month, fewer and fewer homes are for sale. On a personal level, I see the competition between buyers first hand for “good” homes. While it is true that some listings still have a hard time selling, a home in good condition and in a good location will attract tremendous attention and sell in a matter of days (or even hours). While the average price does not draw as straight a line as the number of homes for sale, there is a clear trend towards higher prices. When looking only at single-family homes, we see the average price of a single frailly home in February around $1,700,000 in the LBI real estate market.
Long Beach Island Real Estate Cornoaviruis Market Prices
Buyers and sellers have to understand what is taking place on Long Beach Island and how it impacts them. Sellers can take advantage of a historic market and sell for top dollar. Buyers need to understand what determines value so they do not make an expensive mistake! There are opportunities for both buyers and sellers, the trick is to be patient and disciplined in such a COVID-driven real estate sales market. 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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