Ship Bottom NJ Real Estate YTD 2019 Market Report
- High Tides Digital Marketing
- Oct 27, 2019
- 1 min read
Ship Bottom and the LBI NJ Real Estate Market Report YTD 2019
Ship Bottom and Long Beach Island Real Estate
Ship Bottom, The entryway to Long Beach Island, saw a massive increase in activity. While the price did increase a little like we have seen elsewhere in the LBI real estate market ,the far higher number of sales is a standout in Ship Bottom.
Ship Bottom NJ Real Estate YTD 2019 Market Report
Below is a breakdown of all single family home sales in the Ship Bottom NJ real estate market on Long Beach Island:
. | Original List Price | Previous List Price | Current Price | DOM |
Min | $275,000 | $275,000 | $256,900 | 0 |
Max | $3,595,000 | $1,795,000 | $3,550,000 | 607 |
Avg | $828,089 | $661,082 | $769,727 | 105 |
Median | $679,000 | $649,500 | $655,000 | 68 |
Sum | $62,106,696 | $18,510,298 | $57,729,550 | 0 |
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. It is surprising to see such a large increase in activity. While no two years are the same, the number of sales are usually in line with one another year to year. This trend shows the popularity and affordability of Ship Bottom! 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
