LBI Real Estate Market Year Over Year Sales
- High Tides Digital Marketing
- Oct 23, 2018
- 2 min read
Historic Long Beach Island Real Estate Market Sales Year Over Year
Long Beach Island Real Estate
One of the most effective ways to evaluate the current market is to examine how historic sales measure up. This can also be helpful for a buyer to determine when they may face the most competition in the current market. To help understand the current trends I have put together a chart of LBI Real Estate Market Year Over Year Sales. This will show the months that are the most active (as well as the months that are the least active) and can be of great help when looking to buy, sell or invest in the Long Beach Island real estate market.
LBI Real Estate Market Year Over Year Sales
The chart below shows sales from 2012 through 2017 in the Long Beach Island real estate market.
Month | Sales, Number of 2012 | Sales, Number of 2013 | Sales, Number of 2014 | Sales, Number of 2015 | Sales, Number of 2016 | Sales, Number of 2017 | |
Jan | 32 | 15 | 33 | 46 | 48 | 40 | |
Feb | 25 | 15 | 19 | 21 | 33 | 49 | |
Mar | 47 | 26 | 40 | 37 | 30 | 68 | |
Apr | 49 | 21 | 44 | 46 | 46 | 64 | |
May | 60 | 48 | 65 | 59 | 61 | 82 | |
Jun | 55 | 40 | 50 | 63 | 75 | 83 | |
Jul | 33 | 34 | 43 | 40 | 43 | 40 | |
Aug | 43 | 42 | 28 | 26 | 47 | 51 | |
Sep | 43 | 34 | 49 | 56 | 70 | 75 | |
Oct | 43 | 45 | 76 | 50 | 51 | 74 | |
Nov | 8 | 46 | 55 | 55 | 64 | 69 | |
Dec | 49 | 45 | 38 | 55 | 53 | 47 |
As you can see from the data above, there are clear patterns for home sales in the LBI real estate market. From January to late spring/early summer sales pick up and tend to peak in May and June. Overall there are fewer closings in the summer months, which makes sense. Understanding these trends can go a long way towards timing a listing in the LBI real estate market or deciding when is the best time to buy a home on Long Beach Island. While this overview of the LBI real estate market is helpful, it is but one part of understanding the market as a whole. There are a great number of differences in activity levels for homes of different price points and in different areas of LBI. This data can be customized to focus in on a specific segment of the market and help to better understand local real estate trends on Long Beach Island. For more information about buying, selling or investing in the LBI real estate market or for more information about LBI real estate market year over year sales 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
