Long Beach Island (LBI) Real Estate Sales Volume

Long Beach Island (LBI) Real Estate Sales Volume

LBI NJ Real Estate Sales Volume

Long Beach Island Real Estate

When looking to buy, sell or invest in the LBI real estate market understanding how past trends can impact the current and future market is key. To this end, looking at the total sales volume of ALL homes and property types on Long Beach Island can help to provide some insight into the current and future market. While there are some signs that the market is slowing down, there are also signs that point to the market remaining stable. Long Beach Island (LBI) Real Estate Sales Volume helps to provide some guidance into the trends we see developing at this time.

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

Long Beach Island (LBI) Real Estate Sales Volume

In the chart below I have broken down the total sales volume for all homes, land, condos, commercial properties, etc in the Long Beach Island real estate market. I have also included the total number of sales as a reference point.

Primary YearSales, $ VolumeSales, Number of
2009$332,683,265 393
2010$367,371,891 402
2011$345,295,264 421
2012$407,701,464 487
2013$332,967,074 411
2014$454,612,914 540
2015$505,702,045 555
2016$554,189,079 621
2017$722,272,213 743
2018$680,452,745 666
2019$48,261,557 53

A few patterns jump out when looking at the above chart. 2017 looks to have been a high point in the market. Since that time the number of sales and the overall sales volume have fallen. While it is far to early in 2019 to make any reliable calls, it is worth mentioning that the number of pending sales is lower in a year over year comparison to 2018. Some of this is explained by the very low inventory levels we have been seeing but February saw a notable uptick in new listings. As the next few months progress it will be interesting to see if more inventory leads to more sales.

Buying, Selling and Investing in the Long Beach Island Real Estate Market

Any market movement depends on timing. While there is not enough data to determine where the LBI real estate market is heading, there are clear signs that things have cooled off since 2017. This is a normal and healthy thing and overall the real estate market on Long Beach Island is very strong. Buyer confidence is high and things are moving. That said, anyone looking to make a move in the market should evaluate all the options and see what makes the most sense. I can help you determine how your specific property fits in the market and how the market may react both now and in the future. For more information about Long Beach Island (LBI) Real Estate Sales Volume or about Buying, Selling and Investing in the Long Beach Island Real Estate Market 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

www.BuyLBI.com

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

More LBI Real Estate Information:

Understanding All-Cash Offers in the LBI Real Estate Market 

Home Inspection Negotiation in the LBI Real Estate Market

How to Stay Qualified When Shopping for a Home in the LBI Real Estate Market

Active Listings in the LBI Real Estate Market