LBI Market Overview
3rd Quarter 2018
The LBI market is holding steady this year. Average Sales Price (ASP) for Jan thru September 2018 was $1,092,895 compared to same time frame in 2017 at $1,088,550.
Days On Market are averaging 111 this year compared to 124 last year. The Percent Of Final List Price to Sold Price is holding steady around 96%. Inventory levels are still low, as of November 9, 2018 there were 397 single family homes for sale. 417 homes closed as of 11/9. There are 77 home under contract as of 11/9
Buyer activity levels were running brisk, there was a bit of a slow down just prior to elections. Buyers are not finding a very large selection to chose from and some are holding for more inventory to come on the market.
LBI Sales Statistics
LBI MARKETRENDS 3rd Q – by town
|
TOWN |
# Units Sold | Average
Sales Price |
Avg Days On Market |
% List to Sales Price |
| Holgate |
18 |
$991,572 | 78 | 96.3 |
| Beach Haven |
42 |
$1,130,417 | 96 |
96.4 |
| LBT South |
110 |
$1,053,444 | 88 |
96.3 |
| Ship Bottom & Surf City |
78 |
$900,546 | 117 |
96.1 |
|
North Beach, Harvey Cedars, Loveladies |
76 | $1,431,653 | 142 |
92.9 |
| Barnegat Light |
21 |
$884,133 | 143 |
93 |
| High Bar Harbor |
5 |
$715,035 | 146 |
95.9 |
LBI MARKETRENDS all of LBI – by year
|
YEAR |
# Units Sold | Average
Sales Price |
Avg Days On Market |
% List to Sales Price |
|
2012 |
369 | $939,150 | 176 | 93% |
|
2013 |
306 | $904,813 | 157 | 93% |
|
2014 |
379 | $974,864 | 145 | 94% |
|
2015 |
425 | $1,027,591 | 181 | 95% |
|
2016 |
473 | $990,184 | 161 | 95.4% |
|
2017 |
540 | $1,106,290 | 119 | 96.1% |
|
2018* 1/1- 9/30 |
350 | $1,092,895 | 111 | 95.8% |
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