August 2012 Sales on LBI



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: [Website removed by Zillow moderator.]
  • September 04 2012 - Beach Haven
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Answers (2)

It will be interesting to see how September and October fair in the real estate market!  
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Why will it be interesting?
  • September 05 2012
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September produced almost the same sales results. The average prices were almost identical as were the number of homes sold! I just posted September 2012 sales statistics and will post Octobers when it is avaialble.
  • October 01 2012
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