Long Beach Island Sales On The Rise

Dated: 01/31/2017

Views: 552

The stats are in comparing sales of single family homes on LBI from 2015 to 2016.

2015 - 321 Non-waterfront homes sold for an average price of $808,988

            They were on the market for an average of 132 days and sold for 95% of their asking price


2016 - 380 Non-waterfront homes sold for an average price of $834,221

            They were on the market for an average of 153 days and also sold for 95% of their asking price


Waterfront single family homes include ocean front, bay front and lagoon front

2015 - 102 sales with an average price of $1,737,407

            They were on the market for an average of 186 days and sold for 92% of their asking price


2016 - 95 sales with an average price of $1,595,469

            They were on the market for an average of 192 days and sold for 93% of their asking price.


While the waterfront market was slightly down from 2015 to 2016, the non-waterfront market definitely rose.  With prices and interest rates climbing, don't wait to realize your dream of owning a home on Long Beach Island.  To begin your search, click here.


Statistics gathered from the Jersey Shore Multiple Listing site. Figures are deemed accurate but are not guaranteed. 

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Rob Romanowski

Cell: 609-618-6346 email: rob@vandykgroup.com I am a second generation Real Estate professional specializing in sales and vacation rentals on Long Beach Island and the surrounding communities. As....

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