For the month of May 2012, the LBI real estate market saw a total of 47 single family homes sold on Long Beach Island with an average sales price of $933,329. On average, homes sold in 163 days and for 92.2% of their asking price. Condo sales were also active with 6 units selling at an average price of $365,250. On average, condos spent 255 days on the market and sold for 93.3% of their listing price. A total of 6 duplexes also sold in May with an average price of $790,166 and an average of 162 days on the market.
The LBI real estate market continues to show its strength with the average price of a single family home over $130,000 higher than April and 7 more homes selling. This is in part due to the time of year as many buyers look to settle their transactions before the start of summer. Regardless, it is encouraging to see activity in the LBI real estate market! 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: June 6th 2012 Views: 3,761 About Nathan: ...
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Condominium Sales in the Long Beach Island New Jersey Real Estate Mark
"We would like to take this opportunity to thank Rick Saparito Jr for his extraordinary and exemplary representation in this difficult transaction. His professionalism and knowledge helped us through unusually tough situations. He was always available to assist, explain, resolve and handle. He always knew the correct, creative and helpful answers. Nothing was too difficult. He gave us the element of confidence we needed, and was always available when we called or when anyone else in the transaction needed something. We consider ourselves very fortunate to be his clients and we expect to continue our relationship.