Long Beach Island Real Estate Single Family Home Transactions January 2021-May 2021
Long Beach Island Real Estate Single Family Home Sales
LBI real estate market sales from January 2021-May 2021 have seen some remarkable activity. Fueled by high demand, low interest rates, and COVID, buyers have been taking advantage of the few homes for sale. The demand and general optimism towards the future of the LBI real estate sales market have led to prices increasing quite a bit compared to a year or two ago. The major problem right now is the inventory-or lack thereof. There are not enough homes for sale to meet demand. A quick look at the market shows us the following statistics:
- The average price of a single-family home on Long Beach Island is just over $1,400,000
- There have been 238 sold single-family homes between January 1st and May 1st 2021
- Both the number of homes sold and the average price point are much higher than 2019 and 2020
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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