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: 9,349 About Nathan: ...
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Wyrsch after we purchased our current home in the fall of 2010, Marion was so thorough and efficient and made the home buying experience so easy that we promptly enlisted her to sell our existing shore home. Her real estate expertise, knowledge of the local market, marketing strategies, and hustle allowed us to sell that home with in two months. She assisted us with all the details of both sales even beyond each of the closings.
We have bought and sold several homes and never have we had a realtor provide us with a level of service that even came close to that which Marion has provided us with, especially after the sale. All of the others have always DISAPPEARED, NEVER TO BE HEARD FROM AGAIN once the sale was complete. Not Marion. Our previous real estate experiences were such that we likened and classified realtors with used car sales people. Again, not Marion. We are proud to call her our real estate professional and trusted friend.