SEPTEMBER TO MARCH DUPLEX AND MULTIFAMILY HOME SALES UPDATE IN THE LONG BEACH ISLAND REAL ESTATE MAR

Dated: 05/02/2014

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DUPLEX SALES UPDATE IN THE LBI NJ REAL ESTATE MARKET


Duplex Sales Update in the LBI NJ Real Estate Market

Since there are only about 3-4 closed duplex transactions each month in the LBI real estate market, it is helpful to compare several months together. Below I have enclosed the sales statistics for September through March. From September 2013-March 2014 duplex sales in the LBI real estate market were as follows:
  • 21 duplexes sold on Long Beach Island
  • The average price of a duplex on LBI was $588,114
  • On average homes sold for 95.6% of their asking price and spent 126 days on the market

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