July Sales on Long Beach Island

Dated: 08/06/2012

Views: 3725

July 2012 Sales on LBI

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

 

Latest Blog Posts

Buying And Selling Secrets Before You Relocate

The secret to a successful relocation is timing. Good timing takes some advanced planning to put you in control. Here are 7 more relocation secrets to make your move a little less stressful.1.

Read More

Does Saint Nicholas Have An Evil Accomplice

Did you know in the folklore of countries like Austria, Bavaria, Hungary and many more there is believed to be an evil accomplice to Jolly St. Nick?  The Krampus, a beast-like demon

Read More

Shop Small

As you continue to do your holiday shopping, please remember this. Shop you local small businesses.  When you shop small, you aren't paying for a CEO to go on an extra vacation on their

Read More

Safety First As The Holiday Season Approaches

Tis’ the season for decorating and making merry but each year preventable fires caused by Christmas trees and holiday decorations bring tragedy to families.  Take these steps to make sure

Read More