LBI Real Estate Weekly Sales Update 6/16/2019-6/23/2019
- High Tides Digital Marketing
- Jun 23, 2019
- 2 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 6/16/2019-6/23/2019
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 6/16/2019-6/23/2019: There were a total of 111 changes to the Long Beach Island sales market this week making it one of the busiest weeks of the past 2 months. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
24 new listings entered the market with an average price of $1,2967,942
13 listings went under contact with an average listing price of about $892,154
17 properties sold on Long Beach Island with an average price of $1,212,324
24 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 6/16/2019-6/23/2019
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the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired).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
Things picked up quite a bit this week. There were about the same number of new listings but the average price was much higher this week. There were a few more pending sales this week with about the same average price. Closed listings were much higher this week. There were twice as many sold homes in the LBI real estate market this week with a considerably higher average price point. 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 6/16/2019-6/23/2019 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
