September Sales on Long Beach Island

Dated: 10/01/2012

Views: 5763

September 2012 Sales on LBI

For the month of September 2012 the LBI real estate market continued to remain active. A total of 38 properties sold on Long Beach Island NJ in the month of September compared to 39 transactions in August 2012  The sales are broken down as follows:

Single Family Homes:

·         31 Sold

·         Average Price: $1,008,970

·         Days on Market: 142

·         % of Listing Price: 93%

Condominiums:

·         5 Sold

·         Average Price: $432,900

·         Days on Market: 161

·         % of Listing Price: 94%

Duplexes:

·         2 Sold

·         Average Price: $550,000

·         Days on Market: 185

·         % of Listing Price: 96%

It is interesting to note how consistent the market was for the months of August and September. Both months had the same number of duplexes and condominiums sell with only one less single family home sold in September. The average price of both months was almost the same for single family homes (September was about $3,000 higher) and the average price of both condominiums and multi-family homes increased. Compared to 2011 the numbers show substantial improvement. Five more single family homes sold in September 2012 with a price increase of roughly $150,000! 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

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