For the month of December 2011, there were 33 single family homes sold on LBI with an average sale price of $817,829. On average, these homes sold for 93.6% of their asking price and sold in 164 days. It is also interesting to note that there are currently 454 active single family homes on LBI and 75 under contract! In the month of December 5 condos and 5 duplexes sold for an average price of $580,500 and $892,000 respectively. The 5 condos sold for an average of 94.6% and in an average of 83 days with duplexes selling for an average of 92% and in 135 days. You can view the listing sheets for all sold single-family homes, condos and duplexes on LBI by following the enclosed link: http://buylbi.com/monthlysales.htm
December closes out a year that has seen some interesting activity in the LBI sale market. 2011 saw more homes sell than 2010 but for a slightly lower price point. In 2011, the average home sale price was about $951,000 whereas 2010 saw an average sale price of just over $1 million. 294 single family homes sold in 2010 where as 299 single family homes sold in 2011. The average days on the market and the average ratio of sale vs. list price were about the same. Overall, I think the data shows that the LBI sale market has remained more or less stable. It is encouraging to see that more homes sold in 2011 even if it was for a little less money on average. It is also encouraging to see that 75 single family homes are currently under contract!
Author:Nathan Colmer Phone: 609-290-4293 Dated: January 3rd 2012 Views: 9,314 About Nathan: ...
View our latest blog posts in your RSS reader. Click here to access.
3 Convenient Locations to help you with Southern Ocean County Real Estate and more! Since 1946 the Van Dyk Group has guided over 20,000 families, individuals and commercial businesses in fulfilling their real estate needs. Nowhere else will you find a more experienced team of Realtors!
Van Dyk Realtors maintain the area's largest market share of properties sold. The Van Dyk Group is a full service company and offers a number of services from relocation information and mortgage programs to insurance and financial services that will enable your buying or selling decision to be an enjoyable one.
Buying a Tear Down or Vacant Land on Long Beach IslandThere are many l
"Frank Tenner was great during the entire process even when we were having issues with the mortgage company and sellers. He was truly a Realtor, adviser and therapist all in one. He went above and beyond in every way. We have a few friends that will be looking this next year and have given his card to all of them and said he was the best."