August Sales on Long Beach Island NJ

Dated: September 5 2012

Views: 6931

The LBI Real Estate Market

August 2012 Sales on LBI

For the month of August 2012, the LBI real estate market showed some increased activity! A total of 39 properties sold on Long Beach Island NJ for the month of August. The sales are broken down as follows:

Single Family Homes:

  • 32 Sold

  • Average Price: $1,006,528

  • Days on Market: 137

  • % of Listing Price: 94%

Condos:

  • 5 Sold

  • Average Price: $315,000

  • Days on Market: 163

  • % of Listing Price: 92%

Duplexes:

  • 2 Sold

  • Average Price: $413,500

  • Days on Market: 72

  • % of Listing Price: 94%

August 2012 demonstrated the continued improvement in the LBI real estate market. Compared to August 2011, the average price of a single family home was up almost $250,000 and nearly three times as many homes sold!! In August 2011, the average single family home price was $763,000 and only 11 homes sold so it is easy to see what a dramatic difference 2012 has created. Typically, September and October are ideal times to buy real estate on Long Beach Island as we see a surge in inventory and more motivation on the part of sellers who have had their house on the market for the summer and been unable to sell it. It will be interesting to see how September and October fair in the 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

Blog author image

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 ....

1 comments in this topic

  • Posted by John John
    08/28/2021
    comment

Latest Blog Posts

Why This Might Be The Best Time To Sell In The Long Beach Island Real Estate Market

 Why This Might Be the Best Time to Sell in the Long Beach Island Real Estate MarketLong Beach Island Real EstateIn any market, timing is everything. While it is impossible to predict the top

Read More

Five Reasons Why 2021 Is A Different Year For The LBI New Jersey Real Estate Market

 Five Reasons Why 2021 is a Different Year for the LBI New Jersey Real Estate MarketLong Beach Island Real Estate Market TrendsIt is safe to say that 2020 and 2021 have been different.

Read More

Want To See The Current Long Beach Island Real Estate Market Trends

Want To See The Current Long Beach Island Real Estate Market Trends?Here are the latest trends in the Long Beach Island Housing Market -->The Market Gauges below provide a ton of info about the

Read More

Something Is Phishy

Do you know how to tell if cybercriminals have gone 'phishing' for your personal information? Learn to spot the red flags of a suspicious email so the identity thieves never get their big catch!

Read More