Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 10/9/2022-10/16/2022
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 10/9/2022-10/16/2022: There were 61 changes to the Long Beach Island real estate market this week, and the vast majority were either new listings or price reductions! Clearly, and probably thanks in part to the rise in interest rates, the LBI real estate market has changed to a more balanced market. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
- 22 new listings entered the market with an average price of $1,896,017
- 10 listings went under contract with an average listing price of about $2,197,790
- 7 properties sold on Long Beach Island with an average price of $2,361,429
- 15 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
More LBI Real Estate Information:
$2,000,000-$4,000,000 LBI Real Estate Market Single Family Home Sales October 2022
LBI Real Estate Market Appreciation vs Depreciation
Why Selling a Home in the LBI Real Estate Market Makes Sense Right Now
Why Condominiums Should Be Considered As Part Of Your LBI Real Estate Search
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