LBI Real Estate Listing Prices May 2019
- High Tides Digital Marketing
- May 21, 2019
- 2 min read
Long Beach Island NJ (LBI NJ) Real Estate Market Listing Prices Over the Past 12 Months
Long Beach Island Real Estate
When looking to buy, sell or invest on Long Beach Island it is key to have an understanding of LBI Real Estate Listing Prices May 2019. Over the last few months there has discussion of a slower real estate market and declining home prices on the national level. While much of this has been fueled by factors that have changed, for example rising interest rates which have since leveled off and decreased, it is always helpful to examine the current market trends. This is especially true since there are now some indicators, like a stronger economy and good job numbers, that could indicate prices may increase at a faster rate than originally thought. Overall the Long Beach Island real estate market has seen a rather steady average listing price which should a strong level of confidence in the local market.
LBI Real Estate Listing Prices May 2019
Below is a breakdown month by month of the average and median price of a home in the LBI real estate market. This is for all property types (single family homes, condos, duplexes, etc.):
Month | List Price, Average | List Price, Median |
Jun-18 | $1,118,849 | $889,900 |
Jul-18 | $1,069,360 | $924,900 |
Aug-18 | $1,195,870 | $899,000 |
Sep-18 | $1,181,970 | $972,200 |
Oct-18 | $1,044,477 | $862,450 |
Nov-18 | $1,113,180 | $895,000 |
Dec-18 | $1,424,643 | $999,900 |
Jan-19 | $1,274,650 | $899,999 |
Feb-19 | $1,233,504 | $909,900 |
Mar-19 | $1,132,749 | $939,000 |
Apr-19 | $1,215,671 | $879,000 |
May-19 | $1,104,056 | $739,000 |
In a market like the one on Long Beach Island it is important to keep seasonal trends in mind. There are "better" and "worse" times to list a home for sale and this will certainly impact home trends. That said the data above shows a stable market with level prices. Volatility in any form can be dangerous for a real estate market so the reliability of home prices shown here is a positive trend for the LBI real estate market.
Long Beach Island NJ Real Estate Market Trends
When looking to enter into a Long Beach Island real estate transaction you must have an understanding of the market as a whole. The best way to do this is to track prices and home trends to see if the market timing is right or if it is better to wait. Overall the LBI real estate market has been seeing a lot of growth but there are indicators of a slowdown in some areas of the market. 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
