Average Long Beach Island Real Estate Market Sales From 2011 to 2014
LBI Real Estate Market Sales 2011-2014Long Beach Island Real Estate Sales
The LBI real estate market has seen a dramatic increase in activity. The overall number of homes sold has increased, and so has the average sales price. Much of this has to do with the overall improvement of Long Beach Island since Hurricane Sandy. With new construction everywhere and many classic LBI Beach homes having been renovated, it is no surprise that the average sales price is higher. What is even more encouraging, is the dramatic increase in the number of closed transactions. LBI Real Estate Market Sales 2011-2014 shows just how far the LBI real estate market has improved.
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Market Sales 2011-2014
Annual sales on Long Beach Island are as follows:
- 2011:421 homes sold at the average price of $822,132
- 2012: 487 homes sold in average price of $838,892
- 2013:411 home sold in an average price of $812,115
- 2014:535 homes sold at an average price of $843,850
The data speaks for itself. There were substantially more close transactions in the LBI real estate market in 2014. With an approximately 20% increase in activity, it seems clear that the LBI real estate market is highly appealing to a homebuyer. The higher average sales price, while not as dramatic as the overall number of homes sold, is another very encouraging sign. There is little surprise the 2013 showed a lower average sales price, as the LBI real estate market was contending with storm damaged homes that sold at a lower price since little to no consideration was given to the physical structure of the property.
LBI Real Estate Market Sales 2011-2014 and Buying a Home on Long Beach Island
Even though the market is improved, an buyer in the LBI real estate market still has to be cautious and make sure an investment is well thought out and worthwhile. There are currently some excellent opportunities to buy a home in a great location and take advantage of the current market trends. With the amount of new construction taking place all over Long Beach Island, the expectation is that home prices and market activity should continue to increase. For more information about the LBI real estate market or LBI Real Estate Market Sales 2011-2014, 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