Sunday, February 10, 2019

LBI NJ Real Estate Weekly Update 2/3/2019-2/10/2019

Long Beach Island Real Estate Weekly Sales Update 2/3/2019-2/10/2019




Long Beach Island Real Estate

LBI NJ Real Estate Weekly Update 2/3/2019-2/10/2019: Things were certainly busy on LBI this week! While a little slower than last week, with a total of 89 changes to the market things are clearly happening at the beach! 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. This week saw the highest average sales price so far in 2019. In this week’s update you will find the Long Beach Island Real Estate Weekly Sales Update 2/3/2019-2/10/2019. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
  • 31 new listings entered the market with an average price of $995,000 (rounded)
  • 11 listings went under contact with an average listing price of about $709,000(rounded)
  • 7 properties sold on Long Beach Island with an average price of $1,596,000 (rounded)
  • 9 listings were either withdrawn of expired in the LBI real estate market

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