Historic Count of Active Single Family Homes in the Long Beach Island Real Estate Market
Long Beach Island Real Estate
The Long Beach Island real estate market has been going though a bit of a change lately. For the first time since Hurricane Sandy we have seen several months of lower sales numbers (although the average price of a single family home on Long Beach Islandcontinues to be high). I have written several times in my monthly sales updates about how lower inventory levels are making it harder and harder to buy the “right” house on Long Beach Island. In today’s article I wanted to break down the inventory levels over the past few years to give some context to why and how LBI Real Estate Active Listing History can have such an impact on the LBI market. In summary:
- Inventory levels of single family homes on LBI are historically low
- With less homes for sale, prices have increased making good inventory less affordable to some buyers
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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