LBI Real Estate Weekly Sales Update 04/24/2022-05/01/2022
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 04/24/2022-05/01/2022: The LBI NJ real estate market saw an explosion of activity this week with 64 changes to the MLS! It has been a very long time since we have seen that much inventory change in a single week! 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. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
- 20 new listings entered the market with an average price of $1,902,425
- 14 listings went under contract with an average listing price of about $1,593,064
- 15 properties sold on Long Beach Island with an average price of $1,321,767
- 4 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
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