LBI Real Estate Weekly Sales Update 06/19/2022-06/26/2022
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 06/19/2022-06/26/2022: There were only 52 changes to the Long Beach Island real estate market this week, which is a bit of a decline in the overall market activity. As we enter the traditionally slower summer months, we can expect to see a more significant decrease in activity thanks to the changes in the financial markets worldwide. That said, the LBI real estate market is strong and this week showed more pending sales than new listings on the market. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
- 12 new listings entered the market with an average price of $2,667,742
- 13 listings went under contract with an average listing price of about $2,411,377
- 12 properties sold on Long Beach Island with an average price of $2,097,500
- 6 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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