November Sales and Hurricane Sandy

Dated: 12/10/2012

Views: 4282

November Sales on Long Beach Island NJ

Even with Hurricane Sandy having struck Long Beach Island, there were still 8 closings in the LBI real estate market!

Single Family: 5 Sold
Average Price: $715,000

Percentage of Listing Price: 94.8%
Days on Market: 301

Condominiums: 2 Sold
Average Price: $185,000
Percentage of Listing Price: 93%
Days on Market: 178

Multi Family Homes: 1
Price: $479,000
Percentage of Listing Price: 94.6%
Days on Market: 173

It is important to keep in mind that these numbers are not necessarily an indication of where the LBI real estate market is moving. It is still far to soon to give any proper evaluation of the market at this time. Rather, it should be seen as a sign of encouragement that even with Hurricane Sandy the LBI real estate market still had activity in the month of November! I have created a special section on my website with more information on Hurricane Sandy and the LBI real estate market so please be sure to visit! 

http://buylbi.com/hurricane_sandy_and_the_lbi_real_estate_market.htm

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