August 2017 LBI Real Estate Sales And Transactions On Long Beach Island NJ

Dated: 09/20/2017

Views: 632

August 2017 LBI Real Estate Sales and Transactions on Long Beach Island NJ


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August saw a large increase activity with more single family home sales taking place. Sales were as follows:

Single Family Homes

  • 36 Sold

  • Average Price: $1,021,646

  • Average Percentage of Listing Price: 96.25%

  • Average Days on Market: 90

Condominiums

    5 Sold
  • Price: $421,200

  • Percentage of Listing Price: 94.72%

  • Days on Market: 123

Market activity picked up quite a bit over the summer. There was one less transaction in 2017 when compared to 2016 and the average price was slightly lower. That said, the difference between the two years was minor and therefore points to a very stable market on LBI. There are over 122 pending sales in the LBI real estate market which shows a healthy amount of activity. As it stands, signs point to a strong fall market on LBI! You can view all homes sold in the past month by clicking here.

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Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

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