LBI Real Estate Bayside Single Family Home Sales August 2019
- High Tides Digital Marketing
- Jul 31, 2019
- 2 min read
Long Beach Island Real Estate Bayside and Bayblock Single Family Home Sales
Long Beach Island Real Estate Market
When looking to buy, sell or invest in the Long Beach Island real estate market understanding the market is key. There are a number of different locations in the Long Beach Island real estate market and knowing these locations and how they impact price can help you be a better buyer or seller. When trying to understand the market, it is best to keep locations comparable to one another. For example, you do not want to use oceanside homes to determine the value of a home on the bayside as there are vast differences in the LBI real estate market between these two locations. Here we are looking at a year over year comparison of LBI Real Estate Bayside Single Family Home Sales.
LBI Real Estate Bayside Single Family Home Sales
There are two "bayside" areas in the LBI real estate market. They are bayside-meaning you have to cross a street to reach the bay-and bay block-meaning you have no streets to cross to reach the bay. Most of LBI is considered to be bay block so in the data set below we are using both of these locations to draw home sales.
Below are a list of all single family homes sold on the bayside areas since the start of 2019:
Month | Sale Price, Average | Sales, Number of |
Jan | $696,875 | 12 |
Feb | $1,010,181 | 9 |
Mar | $828,154 | 13 |
Apr | $769,978 | 23 |
May | $780,611 | 19 |
Jun | $819,971 | 17 |
Jul | $858,150 | 6 |
Below are all bayside sales in 2018 during the same time frame:
Month | Sale Price, Average | Sales, Number of |
Jan | $974,286 | 7 |
Feb | $702,889 | 9 |
Mar | $786,881 | 21 |
Apr | $804,825 | 20 |
May | $767,570 | 24 |
Jun | $686,879 | 14 |
Jul | $898,182 | 11 |
The trends in this year over year comparison reflect those of what we have been seeing in the LBI real estate market. The overall number of sales are down a little (99 in 2019 compared to 106 in 2018) but the average sales price is higher by about $20,000. All in all market activity is steady on Long Beach Island and this study reflects that.
Buying and Selling in the Long Beach Island Real Estate Market
Buying or selling a home is a major investment on Long Beach Island. Understanding what determines value is the first step to being a smart home buyer or seller on Long Beach Island. I can give you insight on the overall market and where we are in the cycle. You may also find this section of my website helpful where I track monthly sales in the LBI real estate market. If you have any questions about LBI Real Estate Bayside Single Family Home Sales or 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
