For the month of July the LBI real estate market showed some slowing down which is to be expected during the summer months. Total sales reported consisted of 27 single family homes sold, 2 condos and 4 duplexes. The average price of a single-family home on Long Beach Island NJ in July was $897,549. On average, these homes spent 127 days on the market and sold for 93.1% of their listing price. Condo sales were less representative of the market as a whole with one of the two July sales trading for only $80,000 (for the record, that is not a typo. There really are condos that sell for $80,000 on LBI!). As a result, the average sale price of a condo in July was $197,500. Condos sold for 83.3% of their listing price and spent an average of 240 days on the market. Duplexes faired better with 4 sales and an average price of $463,750. Duplexes sold for 94.1% of their listing price and sold in an average of 105 days.
Despite being slower than May or June, there were still a total of 29 sales on Long Beach Island for a total of $23,011,524 worth of real estate. Summer typically will slow down due to the difficulty that ensues with showing houses that are rented so as the summer passes and we enter into the fall market, the numbers should start to increase again. 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
Author:Nathan Colmer Phone: 609-290-4293 Dated: August 6th 2012 Views: 3,122 About Nathan: ...
Chat with us now!
A real live chat operator is online now! We can immediately get your questions answered or make sure we get it to an agent who can.
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.
What to Do With a Tax Refund: 3 Ideas That'll Practically Double
"David Kanko was nothing but accommodating to us. If I had any questions or concerns he was great with regard to getting back to me or guiding me to the proper people to answer my question(s). Hopefully I will not need a Realtor again anytime soon but if I needed one or know someone who needs one I would recommend David."