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: 3,160 About Nathan: ...
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Common Misconceptions in the LBI Real Estate MarketLong Beach Island N
" I am writing you to make sure you are aware of the exemplary service that Marion Romano is providing Van Dyk clients. As I told (wrote) Mr.
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.