LBI Sales Market on Long Beach Island

Long Beach Island NJ Real Estate Sales Market

Buying in the Long Beach Island NJ Real Estate Market

Before investing in the LBI Sales Market on Long Beach Island it is important to understand the current market activity and what trends are impacting the value of the LBI real estate market as a whole. Currently, buyers should consider at a minimum:

Location of the property in the LBI real estate market
Condition of the property in the LBI real estate market
Flood elevation of the property in the LBI real estate market
The average sales prices of single family homes, condominiums and duplexes on Long Beach Island
The average days on market

There are excellent opportunities in the LBI Sales Market on Long Beach Island for both storm damaged homes in the LBI real estate market and homes that were left untouched by Hurricane Sandy.

Selling in the Long Beach Island NJ Real Estate Market

If you currently own a property on Long Beach Island NJ and have decided that it is now time to sell, you must consider many aspects of the LBI real estate market as well. There are several trends that cannot be ignored when selling in the Long Beach Island NJ real estate market:

Cash is king! An all cash, no contingency offer may be worth taking, depending on the property, even if it is at a lower price.
If you do not have a current flood elevation certificate, it may be worthwhile to obtain one so you can speak with confidence about flood insurance and flood rates. This is something on every buyer's mind.
Pricing, above all else, is the number one most important aspect of selling in the Long Beach Island NJ real estate sales market.

Long Beach Island NJ Real Estate Sales Transactions

Single Family Homes in the LBI Real Estate Market

Closed single family homes in the LBI real estate market on Long Beach Island

Address	Primary Loc.	BR	BA	SqFt Fin	Lot Dim	DOM	List Price	Close Price
107 W Kirkland Ave	Bayblock	4	2	1539	50 x 100	163	449000	409500
2309 W Central Ave	Bayside	3	1	1008	50X125	36	559000	507000
211 N 9th St	Bayside	3	2	1200	50x100	11	559000	523500
9 Camden Ave	Bayside	3	3	1230	50 ft. x 110 ft.	24	659000	640000
135 10th St	Oceanside	3	2	1856	90 X 90	635	749000	715000
14 E 8th St	Oceanside	5	3	2472	50X125	131	899000	862500
7806 Compass Street	Bayfront	4	2	2076	50 x 146	319	1100000	1050000
5307 S Long Beachblvd Oceanfront	Oceanfront	5	3	2534	40 x 100	93	1399900	1337500

Over the past week the LBI Sales Market on Long Beach Island saw a total of 8 single family homes sell in the Long Beach Island real estate market ranging in price from just over $400,000 to an oceanfront home selling over $1,300,000! One of these homes, 107 W Kirkland, was a storm damaged home and was sold for land value. Two of the other homes suffered some damage from Hurricane Sandy however the damage was repaired prior to closing. There are currently 45 single family home transactions pending in the LBI real estate market. For more information about the past weeks sales transactions on Long Beach Island please contact me, Nathan Colmer or click here to search all homes for sale in the Long Beach Island NJ real estate market on LBI.