Nathan Colmer | The Van Dyk Group
C: 609.290.4293 | O: 609.492.1511
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.
February started off a little slower than last year however the average price held steady. Sales were as follows:
Single Family Homes
Average Price: $1,156,175
Average Percentage of Listing Price: 94.59%
Average Days on Market: 98
Percentage of Listing Price: 97.63%
Days on Market: 74
February 2019 showed a stable sales price for a single family home but lower activity overall. Looking back to February 2018 we see fewer single family home sales. In 2018 there were 21 single family homes sold and 3 condos whereas 2019 saw 19 single family homes sold and the same number of condos. The average price of a single family home was basically unchanged ($1,135,024 in 2018 and $1,156,175 in 2019). There are currently about 80 homes under contract in the LBI real estate market and while this is an improvement over January's pending sales, activity is still lower overall. You can view all homes sold in the past month by clicking here.
January 2019 started off more or less on par with a year ago. Sales were as follows:
Single Family Homes
Average Price: $1,179,656
Average Percentage of Listing Price: 94.5%
Average Days on Market: 118
Percentage of Listing Price: 95.37%
Days on Market: 230
Looking back to January 2018 we see the LBI real estate market is off to a slightly slower start. There were 2 less single family homes sold in 2019 and the average price was about $50,000 less. Overall these are not significant numbers but if these trends continue it could be the sign of a slowing market on LBI. At present there are about 60-75 homes under contract on LBI so activity is still holding steady. You can view all homes sold in the past month by clicking here.