September Sales on LBI

Dated: 10/06/2011

Views: 3400

For the month of September there were 27 single-family homes sold for an average price of $845,687. On average homes sold for 92% of their asking price and sold in an average of 171 days. There were also 7 condos sold in September for an average price of $402,342 and 4 duplexes sold for an average of $639,999.

 Now that the summer season has passed, sales are starting to pick up again. Remember last month there were only 11 single family homes sold so this is a significant increase over the past month. The average sale price is higher compared to last month as well by roughly $100,000 but it is still lower than most LBI averages which tend to hover around the $1,000,000 mark. 

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