June Twenty Twelve Sales on LBI

For the month of June, the LBI real estate market showed some increased activity! Below are the statistics on LBI sales for June 2012:

Single Family Homes

47 units sold

Average Price: $1,014,870

Average % of Asking Price: 94.2%

Average Days on Market: 190

Multi-Family Homes

5 units sold

Average Price: $519,000

Average % of Asking Price: 93.3%

Average Days on Market: 226

Condos

3 units sold

Average Price: $495,000

Average % of Asking Price: 95.0%

Average Days on Market: 81

It is again encouraging to see that the number of transactions has remained very high and that the average sales price has increased to over $1,000,000! We have continued to see an increase in buyer activity on LBI even into these early summer months. As usual, single family homes are the most active facet of our market. For more information on homes sold in June 2012, please feel free to visit my website www.BuyLBI.com. You can also follow the below link to my “Monthly Sales Update” page which will display all homes sold in June: http://buylbi.com/monthlysales.htm