North Beach NJ Real Estate YTD 2019 Market Report
- High Tides Digital Marketing
- Oct 25, 2019
- 2 min read
North Beach and the LBI NJ Real Estate Market Report YTD 2019
North Beach and Long Beach Island Real Estate
North Beach, a part of Long Beach Township on Long Beach Island, has had strong 2019 so far. Like the rest of the LBI real estate market there was an improvement in 2019 compared to 2018. While there was one less sale in 2019 year to date, the average and median price both improved.
North Beach NJ Real Estate YTD 2019 Market Report
Below is a breakdown of all single family home sales in the North Beach real estate market on Long Beach Island:
. | Original List Price | Previous List Price | Current Price | DOM | CDOM |
Min | $499,900 | $719,000 | $510,000 | 25 | 25 |
Max | $4,299,000 | $4,299,000 | $3,500,000 | 337 | 401 |
Avg | $2,025,073 | $2,582,400 | $1,755,909 | 139 | 156 |
Median | $1,350,000 | $3,250,000 | $1,280,000 | 81 | 81 |
Sum | $22,275,800 | $12,912,000 | $19,315,000 |
The market in North Beach has shown an artificially higher increase than one would expect. The average price and median price have shown a roughly 30% increase since 2018 but that is not really the case in the LBI real estate market. Rather this has to do with the type of home that has sold. There were some large new homes that recently traded in North Beach making the numbers skew dramatically.
Long Beach Island Real Estate Market
So far the Long Beach Island real estate market has had a good year. About the same number of single family homes have sold in 2019 compared to 2018 but the average price is about $100,000 higher. North Beach, which is usually one of the higher priced markets on Long Beach Island, has remained strong and steady so far in 2019. If you have any questions about buying, selling or investing in the LBI real estate market 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
