LBI Real Estate Market Sales Between $600,000 and $900,000
- High Tides Digital Marketing
- Apr 6, 2014
- 2 min read
Updated: Apr 24
Single Family Home Sales on Long Beach Island New Jersey Between $600,000 and $900,000
LBI Real Estate Market Update
Home sales have been very strong over the past 6 months and as usual, single family homes lead the pack. Currently homes priced between $500,000 and $1,000,000 see to be showing some of the strongest interest so by looking at LBI Real Estate Market Sales Between $600,000 and $900,000 can give us a good indication of the market as a whole. With over 100 properties currently under contract on Long Beach Island, it seems that many are looking to make a move before summer 2014!
LBI Real Estate Market Sales Between $600,000 and $900,000
Market activity for homes priced between $600,000 and $900,000 over the past 6 months is as follows. There are currently 143 single family homes listed for sale in this price range. To make the numbers easier to follow, I have broken the results into $100,000 price groups. 49 single family homes are listed between $600,000 and $700,000
There have been 17 closed single family homes in this price range
The average sales price has been $639,308
On average homes spent 118 days on the market and sold for 94.8% of their listing price
14 homes are currently under contract
36 single family homes are listed between $700,000 and $800,000
There have been 16 closed single family homes in this price range
The average sales price has been $724,656
On average homes spent 217 days on the market and sold for 94.2% of their listing price
4 homes are currently under contract
58 single family homes are listed between $800,000 and $900,000
There have been 16 closed single family homes in this price range
The average sales price has been $817,006
On average homes spent 140 days on the market and sold for 93.8% of their listing price
4 homes are currently under contract
Clearly the most activity in the LBI real estate market is in the $600,000-$700,000 price range and this is reflective of what I have been seeing in the market. Homes in the $500,000-$600,000 price range have seen even more activity with 23 closed sales.
Buying in the LBI NJ Real Estate Market
Single family homes on Long Beach Island come in a variety of price ranges and locations. There are homes, both storm damaged and not storm damaged, that can sell for under $300,000 and there are single family homes that will sell for over $10,000,000! With so many options available, it is important to understnad the current trends in the LBI real estate market and have a good feel for the market as a whole. If you would like more information about LBI Real Estate Market Sales Between $600,000 and $900,000 or the real estate market on Long Beach Island in general, please do not hesitate to contact me, Nathan Colmer, and I will be happy to answer any questions you have!
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
