The Long Beach Island Real Estate Market: LBI Real Estate Weekly Sales Update 02/12/2023-02/19/2023

Monday, February 20, 2023

LBI Real Estate Weekly Sales Update 02/12/2023-02/19/2023

Long Beach Island Real Estate 02/12/2023-02/19/2023

LBI Real Estate Weekly Sales Update 02/12/2023-02/19/2023: There were 39 changes to the Long Beach Island real estate market this week, and 16 of those 39 changes were in the form of pending sales! 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 on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

8 new listings entered the market with an average price of $1,647,750
16 listings went under contract with an average listing price of about $1,981,806
5 properties sold on Long Beach Island with an average price of $1,241,400
7 listings saw price reductions in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

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