March Sales on Long Beach Island

Dated: 04/04/2013

Views: 5938

March 2013 saw some increased avtivty as compared to February. A total of 22 homes sold (compared to 14 in February) so activity has certainly increased! The average price of a single family home is lower, however this is due to the number of storm damaged homes that sold. These homes traded at a lower number due to their conidtion rather than a deperciation in the LBI real estate market. If you look at the sold homes that were NOT damaged in the storm, the average sale price is over $1,000,000!

March saw much more activy than past couple of months. A total of 22 homes sold on LBI in March 2013!

Single Family Homes

  • 18 Sold

  • Average Price: $751,027

  • Average Percentage of Listing Price: 91.3%

  • Average Days on Market:128

Condominiums

  • 1 Sold

  • Price: $425,000

  • Percentage of Listing Price: 96.8%

  • Days on Market: 143

Multi Family Homes (Duplexes)

  • 3 Sold

  • Average Price: $634,000

  • Average Percentage of Listing Price: 93.2%

  • Average Days on Market:86.3

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