LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019
- High Tides Digital Marketing
- Feb 17, 2019
- 2 min read
Long Beach Island Real Estate Weekly Sales Update 2/10/2019-2/17/2019
Long Beach Island Real Estate
LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019: With 127 changes to the MLS this week on Long Beach Island it is fair to say things have been busy! This included new listings, price changes, sold listings, etc. Of particular interest were the high number of new listings and the high number of homes that went under contact. To help understand the dynamics of the LBI real estate market I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. This week saw the highest average sales price so far in 2019. In this week's update you will find the LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:
51 new listings entered the market with an average price of $1,392,000 (rounded)
21 listings went under contact with an average listing price of about $1,248,000 (rounded)
10 properties sold on Long Beach Island with an average price of $906,000 (rounded)
29 listings were either withdrawn of expired in the LBI real estate market
LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019
Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, "P" means the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.
LBI New Jersey Real Estate Sales Analysis
The fact that so many homes went under contact is a welcomed change to the overall slower activity we have been seeing in the LBI real estate market. There are some clear signs that the market has been slowing down and as such it is more important than ever to pay attention to the developing trends in the LBI real estate market. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019 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
