LBI Real Estate New Listings in 2019

LBI Real Estate New Listings in 2019



Long Beach Island Real Estate Listing Activity in 2019

Long Beach Island Real Estate Listing Activity

Understanding the current market trends is a critical first step when looking to buy or sell in the Long Beach Island real estate market. One of the most common questions I am asked has to do with when new listings enter the market on LBI. While every year is different and there are many factors which can influence market timing, it is very helpful to look back at 2019 and see when homes came on the market. A quick look at the data shows us the following:

  • February and September were by far the most active months for new listings coming on the market
  • These months also shows a nearly identical average listing price (only about $5,000 difference between them)
  • The average original listing price of a single family home on LBI ranged from about $1,250,000 up to $1,450,000

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 New Listings in 2019

Below is a breakdown of new listings month by month in 2019. Also shown is the average original listing price of a single family home:

MonthNumber of New ListingsOriginal Price, Average
Jan109$1,451,467
Feb133$1,339,286
Mar93$1,290,204
Apr107$1,298,915
May72$1,301,331
Jun88$1,360,817
Jul77$1,424,911
Aug101$1,276,264
Sep136$1,334,603
Oct85$1,238,788
Nov54$1,248,626
Dec44$1,170,289

The above chart centers on single family homes only as this is the most active area of the Long Beach Island real estate market. The chart shows some clear and definable trends. September and February are the clear standouts in new listing activity. With nearly 30 more homes coming on the market in both of these months than the next highest month (April), it would seem this is a good time for a buyer to be in the market. New listing activity dropped off to the lowest levels as the year came to a close with about a third of the peak listing activity being seen in the slowest month (December).

Buying and Selling in the Long Beach Island Real Estate Market

When looking to buy or sell in the LBI real estate market, timing can be key. Buyers can benefit by waiting for peak listing seasons but should also be aware that as those seasons come to a close, new listings will be harder to come by. Likewise sellers may benefit from listing later in the season as they could face less competition from other listings. Likewise there is an argument to be made for a seller to list just ahead of the peak season to capture early buyers. Clearly the LBI real estate market sees activity all year long so timing should also fall in line with the overall investment plan on Long Beach Island. If you have any questions about buyingselling 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

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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