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: 10,287 About Nathan: ...
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"Andrew was great with us from the first day we met. We came from northern Bergen County on a Friday and hit a lot of traffic. He made himself accessible and waited for us. He was kind and friendly and made us feel comfortable from the first day of our search. He knew what we were looking for and wasn't pushy. He is extremely knowledgeable, especially with searches in the Beach Haven West area. He' was always working hard for us. We are extremely pleased and grateful that we worked with Andrew Gonzales in purchasing our shore home in LBI. We are very excited and owe a lot to Andrew for all his hard work. He isn't just a realtor. We consider him a friend."