Monday, January 16, 2023

LBI Real Estate Weekly Sales Update /8/2023-1/15/2023

 

LBI Real Estate Weekly Sales Update /8/2023-1/15/2023






Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update /8/2023-1/15/2023: There were 52 changes to the Long Beach Island real estate sales market this week, and for the first time in a long time, new listings far outstripped pending sales. 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 on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 15 new listings entered the market with an average price of $2,412,767
  • 8 listings went under contract with an average listing price of about $1,067,500
  • 8 properties sold on Long Beach Island with an average price of $1,786,875
  • 7 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

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Why Selling a Home in the LBI Real Estate Market Makes Sense Right Now

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LBI Real Estate Affordability Factors

Why Condominiums Should Be Considered As Part Of Your LBI Real Estate Search

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