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May Sales on Long Beach Island NJ
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