LBI Real Estate Weekly Sales Update 10/18/2020-10/25/2020
- High Tides Digital Marketing
- Oct 26, 2020
- 2 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 10/18/2020-10/25/2020
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 10/18/2020-10/25/2020: There were 130 changes to the MLS this week which is about average these days. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
33 new listings entered the market with an average price of $1,740,115
37 listings went under contact with an average listing price of about $1,359,035
29 properties sold on Long Beach Island with an average price of $1,324,221
12 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 10/18/2020-10/25/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 trends that have been prevailing over the last several months continued this post week. We saw a lot of new inventory come on the market but even more went off the market. Inventory continues to be the main issue for buyers in the LBI real estate market. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 10/18/2020-10/25/2020 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
