Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer

LBI Real Estate Sales Transactions

Nathan Colmer | The Van Dyk Group

C: 609.290.4293 | O: 609.492.1511

LBI Real Estate Monthly Sales | Long Beach Island New Jersey Real Estate

Read LBI real estate monthly sales and Long Beach Island New Jersey real estate information provided by Nathan Colmer of The Van Dyk Group. LBI real estate sales are broken down on a month by month basis for single family homes, condos and duplexes on Long Beach Island.

 

2010 Sales Transactions Long Beach Island New Jersey | LBI NJ Real Estate | Nathan Colmer

View Past Year's Sales

Sales Transactions Long Beach Island New Jersey | LBI NJ Real Estate | Nathan Colmer

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

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

Single Family Homes

Condominiums

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.

_________________________________________________

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

July 2017 saw a notable slowdown compared to June however this is to be expected given the time of the year. Sales were as follows:

Single Family Homes

Condominiums

As I mention above, July usually sees a significant slowdown in closed transactions as the summer season is in full swing. Looking back to 2016 we see a similar slow down with a total of 56 closed sales in June and only 42 in July. Looking at 2017 we saw a total of 57 closed transactions in June and 37 in July. What is important to note is the much higher average price point in 2017. The average price of a single family home in 2017 was $1,384,592 whereas the average price was $1,197,812 in June 2017 and $1,097,365 in July of 2016. This represents a significant increase and while there were some higher end sales in 2017 on the oceanfront, the overall market has been reporting higher prices. There are about 125 homes currently under contract in the market so it is clear that activity is still strong. You can view all homes sold in the past month by clicking here.

_________________________________________________

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

June 2017 home sales on Long Beach Island showed strong activity with a total of almost 70 sold single family homes and condos. Sales were as follows:

Single Family Homes

Condominiums

June reported another very strong month of homes sales on Long Beach Island. While it is to be expected that there will be a higher number of closings in June as buyers rush to settle on their home before the start of summer, market activity was much higher in 2017 than in 2016. A year over year look at June 2016 to June 2017 shows 7 more single family homes sold and an average price about $150,000 higher in 2017. This follows the trends we have been seeing in the LBI real estate market of increased activity and a higher average price. At present there are about 100 pending single family homes on LBI which represents a healthy amount of activity for this time of year. As summer progresses and we move towards the fall market all signs point to this trend continuing.

_________________________________________________

 

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

May 2017 showed some of the strongest sales data we have seen in the LBI real estate market. Overall there were more sales this month than any month to date in 2017. Sales were as follows:

Single Family Homes

Condominiums

With a total of 68 single family homes and condos sold in May it is safe to say the market performed very well! This is a substantial amount of activity more than doubling some past months. To be fair May is always a busy month in the sale market as buyers seek to finalize their purchases before the start of the season but a comparison of May 2016 to May 2017 supports the conclusion that the market is performing much better. In May 2016 there were a total of 45 closed single family homes with an average price of about $956,000 whereas May 2017 showed 62 sold homes with an average price of over $1,020,000. This is an undeniable improvement in the LBI real estate market! You can view all homes sold in the past month by clicking here.

_________________________________________________

 

 

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

April reported another strong sales month in the LBI NJ real estate market for both single family homes and condominiums. Sales were as follows:

Single Family Homes

Condominiums

 

April showed a higher number of homes sold yet a slightly lower sales price. While lower than some months, it was still over the $1,000,000 market which is a good indicator of market strength. There were about 135 homes under contract at this time making the likelihood of a strong spring/summer season very high.. You can view all homes sold in the past month by clicking here.

 

_________________________________________________

 

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

March continued the strong and steady activity in the single family home and condominium markets on Long Beach Island. Sales were as follows:

Single Family Homes

Condominiums

March activity was strong with a higher than average number of single family homes sold. There continues to be about 120 homes under contract lending to the continued strength of the LBI real estate market. You can view all homes sold in the past month by clicking here.

_________________________________________________

 

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

February continued the strong and steady activity in the single family home, condominium and multi-family markets on Long Beach Island. Sales were as follows:

Single Family Homes

Condominiums

Multi Family Homes (Duplexes)

February was a strong month in the LBI real estate market. Overall there was significantly more activity than January 2017 and more activity than February 2016. In fact, there were 10 more single family homes sold and a higher average price in 2017 compared to 2016. The price per sq foot of a single family home is hovering around $530.00/sq. foot on average with some oceanfront homes trading over $1,000/ sq foot!. Currently there are about 140 homes "under contract" in the LBI real estate market which is one of the highest counts we have seen in years! Overall, the LBI real estate market is doing very well and the trends we have seen thus far in 2017 point to a stable marketplace. You can view all homes sold in the past month by clicking here.

 

_________________________________________________

 

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

January started the year off with steady activity in the single family home and condominium markets on Long Beach Island. Sales were as follows:

Single Family Homes

Condominiums

 

Overall signs point to 2017 being a strong year the in the LBI real estate market. confidence seems to be very high and the overall market statistics are positive. There are about 100 homes pending in the LBI marketplace so we should see some strong activity in the months to come. You can view all homes sold in the past month by clicking here.

 

Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer
Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer
Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer
Long Beach Island New Jersey Real Estate | LBI NJ Real Estate | Nathan Colmer

Popular LBI Real Estate Searches

 

You May Also Like...

LBI Blog

Read the most up to date information about the real estate market on Long Beach Island.

Learn More

Sold Homes

See all the homes sold in the past month in the Long Beach Island real estate market.

Learn More

Browsing LBI

Read a simple overview of the LBI NJ real estate market and learn about current trends.

Learn More

 

 

Your LBI Beach House is a Phone Call Away! Call Nathan Colmer 609-290-4293

Nathan Colmer

609.290.4293

ncolmer@vandykgroup.com

The Van Dyk Group

12800 Long Beach Blvd

Beach Haven Terrace NJ 08008

609.492.1511