LBI Real Estate Weekly Sales Update 12/12/2021-12/19/2021
- Dec 19, 2021
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/12/2021-12/19/2021
LBI Real Estate Weekly Sales Update 12/12/2021-12/19/2021: As 2021 winds down, there was a slight increase in overall market activity this week. There were a total of 40 changes to the Long Beach Island real estate market this week with a high number of closed transactions! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
5 new listings entered the market with an average price of $2,187,600
9 listings went under contract with an average listing price of about $1,947,889
16 properties sold on Long Beach Island with an average price of $1,661,806
3 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 12/12/2021-12/19/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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
It is no surprise that the vase majority of activity this week was in the form of closed transactions. Many buyer and sellers are making a dash to close before Christmas and before the New Year. It is likely that next week will echo this trend with a lot of homes selling! Inventory continues to fall thought-out the LBI real estate market. There are 154 active listings in the MLS this week and 118 pending sales. 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 12/12/2021-12/19/2021 please do not hesitate to contact me. To all my readers, have a Merry Christmas and Happy Holiday!!
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
