Understanding Listing Patterns In The Long Beach Island New Jersey Real Estate MarketLong Beach Island NJ Real EstateThe LBI real estate market is rather unique in that there is a very definite
November Sales on LBI
For the month of November 2011, 13 single family homes and 3 duplexes were sold on Long Beach Island. For the 13 single family homes, the average sale price was $1,131,461 holding steady with the average sale price of a single family home on LBI being around $1 million. The most inexpensive single family home sale in November was for $195,000 and was a mixed use commercial and residential unit! On average, single family homes sold for 86.8% of their sales price, which is far lower than average, and sold in 184 days. The three duplexes sold for an average price of $644,000 and sold for an average sale price of over 96%!
The fact that far fewer homes sold in November than in previous months is not at all surprising for this time of year. The holiday season in November and December is always slower and this year seems to be no exception. Surprisingly though, there is a lot of activity in the office so January and February may prove to be busy months for the LBI real estate market!
To view all homes sold in November, please follow this link: http://www.buylbi.com/monthlysales.htm
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