The Dunes Real Estate Sales 2020

High Tides Digital Marketing
Jan 17
2 min read

Updated: Jun 2

The Dunes New Jersey 2020 LBI Real Estate Market Sales

Home Sales

Like the rest of the LBI real estate market, the Dunes real estate market underwent some drastic changes due to COVID. Demand for homes in the Long Beach Island real estate market increased, and The Dunes, which is always a popular part of LBI, was no exception. The Dunes real estate market on Long Beach Island showcases some intriguing trends as we look at the latest pricing data. Market data for The Dunes shows a sold price-to-original price ratio of 83.4% for the lowest-priced properties, while high-end sales surpass original listing prices, with a ratio of 111.8%. This indicates that sellers in the luxury segment may benefit from demand that exceeds initial expectations. All properties' total sales sum is $28,121,377, indicating substantial market activity. The average number of days on market (CDOM) of 132 days also highlights a dynamic but competitive environment.

The Dunes Real Estate Sales 2020

Below is a breakdown of all sold single-family homes in the The Dunes real estate market in 2020.

MLS #	Address	City	Section	Price
NJOC370038	12303 N Old Whaling Ln	Long Beach Township	The Dunes	$700,000
NJOC393268	12201 N Old Whaling Lane	Long Beach Township	The Dunes	$725,000
NJOC395658	104 W Ohio	Long Beach Township	The Dunes	$787,128
NJOC394362	16 W Dune Ln	Long Beach Township	The Dunes	$999,000
NJOC397022	12704 Long Beach	Long Beach Township	The Dunes	$999,999
NJOC393628	132 Ramapo	Long Beach Township	The Dunes	$1,100,000
NJOC403546	43-W Ohio	Long Beach Township	The Dunes	$1,230,000
NJOC400298	23 W Ohio	Long Beach Township	The Dunes	$1,414,000
NJOC392314	12711-Beach Ave. Beach	Long Beach Township	The Dunes	$1,606,250
NJOC394508	8 E Ohio	Long Beach Township	The Dunes	$1,650,000
NJOC391532	55 W Ohio Ave	Long Beach Township	The Dunes	$1,775,000
NJOC402666	107 Marine	Long Beach Township	The Dunes	$1,870,000
NJOC394918	128 E Ramapo Ln	Long Beach Township	The Dunes	$1,890,000
NJOC394992	132 E Ramapo	Long Beach Township	The Dunes	$2,400,000
NJOC400024	12603 Ocean Ave.	Long Beach Township	The Dunes	$3,155,000
NJOC396342	144 E Dune	Long Beach Township	The Dunes	$5,820,000

The Dunes Real Estate Sales Analysis

The Dunes real estate market features a wide spectrum of listings, with original prices ranging from a modest $749,999 to $5,999,999. This range reflects the diversity of properties available, catering to various buyer segments. The current average price in the market stands at approximately $1,757,586, which is a strong indicator of the area's appeal and also higher than much of the rest of the Long Beach Island real estate market. Meanwhile, the median price is around $1,510,125, suggesting that half of the properties sold are priced below this mark, showcasing a competitive market. Properties show an average of 87 days on the market (DOM), with a maximum of 256 days. This suggests that while some listings may move quickly, others could take longer, potentially indicating varying levels of demand across different price points.