LBI Real Estate Active Listings February 2020-January 2021
- High Tides Digital Marketing
- Jan 13, 2021
- 2 min read
Long Beach Island Real Estate Active Listings for Sale
LBI real estate active listings between February 2020 and January 2021 have seen some remarkable activity. This is an interesting timeframe to investigate as it covers the beginning of the COVID pandemic and gives us a picture of the Long Beach Island real estate market before and during the Coronavirus pandemic. We see some remarkable activity in the LBI real estate sales market during this timeframe. The number of homes for sale has dropped significantly with only one-third as many homes for sale as today as there were a year ago.
LBI Real Estate Active Listings February 2020-January 2021
Below is a chart showing the number of homes for sale on Long Beach Island each month and the total dollar volume of these homes.
Month | Active Listings Dollar Volume | Number of Active Listings |
Feb-20 | $867,537,161 | 677 |
Mar-20 | $898,105,660 | 692 |
Apr-20 | $845,400,965 | 636 |
May-20 | $817,126,233 | 600 |
Jun-20 | $818,939,034 | 581 |
Jul-20 | $821,847,043 | 580 |
Aug-20 | $772,722,842 | 557 |
Sep-20 | $774,165,277 | 566 |
Oct-20 | $681,822,575 | 494 |
Nov-20 | $570,301,778 | 417 |
Dec-20 | $363,714,686 | 270 |
Jan-21 | $318,195,287 | 226 |
As you can see, the number of homes for sale in the LBI real estate market has been in a steady decline since Coronavirus took root. The number of homes that have sold has grown dramatically over the same time period with over 950 closed sales on Long Beach Island in 2020. The increased demand for a home at the beach coupled with the historically low-interest rates has created a very competitive market.
Long Beach Island Real Estate Active Listings for Sale
There is an opportunity in any market, and this time is no exception. While COVID-19 has changed things, there are still deals to be found on Long Beach Island if you know where to look and keep an eye on what determines value. While it is very true that some homes are overpriced, others make a lot of sense. The most important thing a buyer can do right now is to stay disciplined and not make an emotional decision. You may lose a few deals along the way, but if you remain focused, the right house and the right opportunity will present itself. If you have any questions about buying, selling 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
