LBI Real Estate Weekly Sales Update 5/19/2019-5/16/2019
- High Tides Digital Marketing
- May 27, 2019
- 2 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5/19/2019-5/26/2019
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 5/19/2019-5/26/2019: It was a rather slow week in the Long Beach Island real estate market. There were only 100 changes to the MLS this week. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
30 new listings entered the market with an average price of $1,087,692
12 listings went under contact with an average listing price of about $1,011,306
15 properties sold on Long Beach Island with an average price of $843,100
13 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 5/19/2019-5/16/2019
Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, "P" means the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired). 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
Between this week and last the same number of new listings entered the market (30) and the average price was almost unchanged. There was one more pending sale this week and the average price was slightly higher this week. Far fewer homes sold this week, 21 last week compared to 15 this week, and the average price was about the same in the mid $800,0000's. This is much lower than the "normal" average price of around $1,000,000. Overall activity was positive in the LBI real estate market this week in spite of being a little slower than normal. 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 5/19/2019-5/26/2019 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
