LBI Real Estate Weekly Sales Update 06/20/2021-06/27/2021
- Jun 29, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 06/20/2021-06/27/2021
LBI Real Estate Weekly Sales Update 06/20/2021-06/27/2021: With a total of 63 changes to the MLS this week, activity was pretty stable. We saw a good mix of activity overall in the Long Beach Island real estate market. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:
22 new listings entered the market with an average price of $1,766,140
18 listings went under contract with an average listing price of about $1,803,167
13 properties sold on Long Beach Island with an average price of $1,358,646
4 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 06/20/2021-06/27/2021
Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW ACTIVE means it is a new or re-listed home, PRICE DECREASE means the price was reduced, PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing. Note this is for single-family homes, condos, duplexes, and commercial real estate listed by all local Long Beach Island real estate agencies.
LBI New Jersey Real Estate Sales Analysis
The LBI real estate market was much more balanced this week. There were more new listings than pending sales which helps to correct some of the inventory shortages we are seeing. Personally, I expect we will see more homes come up for sale as the summer season passes in August and September so buyers should see some relief. Prices continue to rise and the averages for new listings, pending sales, and closed transactions, are all higher. For more information about buying, selling or investing in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 06/20/2021-06/27/2021 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
