LBI Real Estate Weekly Sales Update 7/19/2020-7/26/2020
- High Tides Digital Marketing
- Jul 26, 2020
- 2 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 7/19/2020-7/26/2020
LBI Real Estate Weekly Sales Update 7/19/2020-7/26/2020: The LBI real estate market had yet another VERY busy week with 117 changes to the 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
39 new listings entered the market with an average price of $1,433,913
38 listings went under contact with an average listing price of about $1,236,729
20 properties sold on Long Beach Island with an average price of $887,166
8 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 7/19/2020-7/26/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 number of new listings was much higher this week. This is good news! Inventory is at very low point and there are far more buyers than there are homes for sale. Still, with 39 new listings and 38 pending sales this week, the net gain to the market was minimal. Overall, activity is still incredibly strong and we are seeing no signs of a slowdown. 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 11/17/2019-11/24/2019 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
