LBI Real Estate Weekly Sales Update 11/16/2020-11/23/2020
- High Tides Digital Marketing
- Nov 23, 2020
- 2 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/16/2020-11/23/2020
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 11/16/2020-11/23/2020: There were a total of 100 updates to the Long Beach Island real estate market this week. To give that some context, this same week last year saw 78 changes to 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,718,318
21 listings went under contract with an average listing price of about $1,466,990
34 properties sold on Long Beach Island with an average price of $1,657,426
12 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 11/16/2020-11/23/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 LBI real estate market continues to be very active. We are coming into what is historically a slower time of year, but new listings and pending sales show no sign of a slow down. Inventory remains low and demand remains high, the combination of which should keep prices stable and increasing for the foreseeable future. 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 11/16/2020-11/23/2020 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
