Sunday, February 3, 2019

Long Beach Island Real Estate Weekly Sales Update 1/29/2019-2/3/2019

Long Beach Island Real Estate Weekly Sales Update 1/29/2019-2/3/2019




Long Beach Island Real Estate Weekly Sales Update 1/29/2019-2/3/2019

Long Beach Island Real Estate

Long Beach Island Real Estate Weekly Sales Update 1/29/2019-2/3/2019: The LBI real estate market saw a total of 100 changes over the last week. This makes this week the most active since 2019 began. This included new listings, price changes, sold listings, etc. To help understand the dynamics of the LBI real estate market I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. There was quite a bit of activity in the new listing category which make sense since February is usually a very strong month for new inventory coming on the market. In this week’s update you will find the Long Beach Island Real Estate Weekly Sales Update 1/29/2019-2/3/2019. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
  • 33 new listings entered the market with an average price of $1,246,000 (rounded)
  • 11 listings went under contact with an average price of about $1,040,000 (rounded)
  • 7 properties sold on Long Beach Island with an average price of $770,000 (rounded)
  • 21 listings were either withdrawn of expired in the LBI real estate market

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