As we come to the end of the first quarter of 2020 it is helpful to see how the market is doing thus far. January and February Sales in the LBI Real Estate Market can be a good indicator of transactions for the year however this year, we have a curve ball with the coronavirus. In a few days I will be publishing another post about the first quarter sales and I expect we will see some impact in the numbers however so far, things seem to be holding steady on Long Beach Island. Sales transactions can be summarized as follows:
There were 54 sold homes in January 2020 and 39 in February 2020
The average sale price in the LBI real estate market in 2020 was $1,119,937 for January and $941,987 in February
2020 was on track to be one of the best starts to the year in the last half decade.