October Sales on LBI

For the month of October 2010, there were 22 single-family homes sold on Long Beach Island from Barnegat Light to Holgate with an average sale price of $1,034,568. Homes spent on average 163 days on the market and sold for an average of 91.4% of their asking price. These numbers have remained steady for the past few months which shows some degree of stablization in the local LBI market. For the past several months, the average sale price of single-family homes has been over $1,000,000 while the number of units sold has remained about the same. One reason for this market activity could be changes to our inventory. As is typical for this time of year, there have been many new additions to the listing inventory so buyers may be enticed by the exciting new options on the market. In any case, there are some great homes in the LBI real estate market, especially if you are willing to hold the property.
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November 01 2010 - Beach Haven
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