Long Beach Island NJ Real Estate Expired and Sold Listings
LBI NJ Real Estate 
LBI Real Estate Sold and Expired Listings 
Long Beach Island Real Estate
Long Beach Island Real Estate
A review of LBI Real Estate Sold and Expired Listings is a very helpful way to determine the current health of the market and where the market may be heading. As we see in the news, there are certainly reasons to be concerned about the current state of the US economy, the world economy and the local/national real estate markets. While real estate has proven time and time again to be a sound investment long term, knowing when to buy and when to wait can help you maximize your investment. All buyers and sellers should keep an eye on the developing trends as well as understand what determines value in the LBI real estate market.
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
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LBI Real Estate Sold and Expired Listings
Below is a breakdown of all single family homes that have sold and all single family homes that have expired (failed to sell) over the past 5 years in the LBI real estate market. Looking at the trends for these LBI Real Estate Sold and Expired Listings can give us some guidance into way things are developing in 2019.
| Primary Year | Number of Sales | Number of Expired Listings |
| 2014 | 381 | 915 |
| 2015 | 431 | 973 |
| 2016 | 478 | 1,009 |
| 2017 | 545 | 996 |
| 2018 | 495 | 972 |
As you can see from the data there was a clear market high in 2017 and a roughly 10% drop in 2018. What is less clear is the reason for this drop. The average and median price of a single family home was actually higher in 2018 but clearly there were fewer sales in the LBI real estate market.
The number of expired listings was lower which can point to an inventory shortage. I have written several posts about lower inventory levels making it harder to find the right home for sale on Long Beach Island. The fact that sales are lower but the number of expired listings is in line with past years points to a leveling off in the market rather than a drop due to there not being as many “good” homes for sale. If there were a greater number of homes that failed to sell I would be more concerned about buyers not entering the market and therefore causing a drop in prices.
Buying, Selling and Investing in the LBI Real Estate Market
When looking to buy sell or invest in the Long Beach Island real estate market you should be aware of these market trends and what they may elude to in the future. A 10% drop in home sales is nothing to ignore but it is also not a reason to panic. As always any purchase should be done only with a careful eye to what will hold value in the LBI real estate market should the market correct. I can help you identify opportunities that should prove to be good investments in the short and long term. For more information about LBI Real Estate Sold and Expired Listings please do not hesitate to contact me.
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
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