Long Beach Island New Jersey Real Estate Market Activity in September 2013
LBI Real Estate Market Pulse Report September 2013Long Beach Island NJ Real Estate
The Long Beach Island NJ real estate market has continued to see strong sales activity. September, which is traditionally a rather busy month in the LBI real estate market demonstrated that even in spite of Hurricane Sandy, buyers and sellers are willing to work together to bring a LBI real estate transaction to the closing table. This is evidenced by the LBI Real Estate Market Pulse Report September 2013.
LBI Real Estate Market Pulse Report September 2013
In the first 20 days of September 2013, the LBI real estate market produced the following:
- 97 new listings entered the LBI real estate market
- 13 property came back on the LBI real estate market (meaning they were once listed and then restored to active)
- 20 properties went “under contract” in the LBI real estate market
- 45 listings expired in the Long Beach Island NJ real estate market (a portion of which came back on the market)
- 18 closings took place in the first 20 days of September 2013
- The average sales price in the LBI real estate market was $1,065,972 and homes spent an average of 116 days on the market
The LBI real estate sales activity in the first 20 days of September 2013 is very telling. As is typical, a large amount of new inventory came on the market as homeowners were able to use their properties for one last summer before listing the house for sale in the Long Beach Island NJ real estate market. Roughly one house per day went “under contract” meaning a deal was made in principal. In addition, there was almost one closing per day taking place in the first 20 days of the LBI real estate market in September 2013. The average sales price is also notably higher than we have seen in the past few months.
Buying and Selling in the LBI Real Estate Market
This LBI Real Estate Market Pulse Report September 2013 is designed to help both buyers and sellers better understand the current trends in the LBI real estate market on Long Beach Island NJ. An understanding of the market is essential prior to engaging in any LBI real estate transaction and is especially important when considering the LBI real estate market as an investment. Without understanding current market activity and current sales prices, one can make a costly mistake when it comes to negotiation a LBI real estate transaction. For more information about this LBI Real Estate Market Pulse Report September 2013 pleas do not hesitate to contact me, Nathan Colmer, with any questions and I will be happy to help! You can also click here to search all homes for sale in the LBI real estate market on Long Beach Island NJ.
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
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