MarkeTrends
Up

 

Home
Up
This Week on LBI
Buyer's Alert
Online Mkt Eval.
Future Owner
Owner's Corner
Featured Homes
Summer Rentals
Library
Our Offices

 

 

 

 

 

 

MarkeTrends

Below you will find the latest market data about the LBI real estate marketplace. 

  • Chart One:  Comparison Chart of Quarter to Quarter and Year to Date
  • Chart Two:  Cyclical Look at LBI prices
  • MarkeTrends Newsletter - Quarterly publication of current trends and future trends in both sales and rental market

Chart One: Comparison and Activity Report

Comparison Data from 2005 through 2007

(all data below are based on the single family and condominium section of our market)

 

YEAR

Units

Pending

Total

Units

Sold

 

%

Chg.

Avg.

 Sales

Price

%

Chg.

Median

Sales

Price

%

Chg.

New

Listings

YTD

%

Chg.

Avg. DOM

Sold %

of List

Price

May 9

2005

N/A

199

 

$1,025,807

-

$825,000

-

426

-

117

95%

May 9

2006

72

120

¯40%

$1,090,453

á6.3

$905,000

á9.7

504

á18.3

118

96%

Sep 30

2005

N/A

343

 

$1,122,199

-

$879,000

-

767

-

113

95%

Sept 30

2006

62

208

¯40%

$1,132,771

á.94

$902,500

á2.6

804

á4.8

127

94%

Dec 31

2005

N/A

554

 

$1,029,289

-

$840,000

-

1207

-

119

95%

Dec 31

2006

48

347

¯37%

$1,068,438

á3.8

$850,000

á1.2

1284*

á6.3

153

94%

March 31

2006

N/A

81

 

$1,132,397

-

$975,000

-

363

-

96

94%

March 31

2007

94

93

á14%

$1,142,340

á1

$975,000

0

365

­.05

179

92%

April 30

2006

N/A

115

 

$1,117,347

-

$905,000

-

483

-

117

94%

April 30

2007

99

131

á14%

$1,097,055

¯1.8

$930,000

­3%

443

¯9

176

92%

June 13 2006

N/A

175

 

$1,127,442

 

$905,000

 

656

 

123

93%

June 13 2007

52

231

á32%

1,022,076

¯9.3

865,000

¯4.4

542

¯17.3

149

93%

Dec 31

2006

48

347

 

$1,068,438

 

$850,000

 

1284

 

153

94%

Dec 31

2007

45

456

á32%

$975,701

¯8.7

795,350

¯6.4

1034

¯24

158

93%

 


Inventory Levels (single & condo) on:

09/30/06     10/31/06     12/01/06     01/16/07     02/07/07      03/31/07     04/30/07     06/13/07     01/09/08

838                813             779              749             632                629          626                578             514


Pendings: (Our Future Pricing?)

 As of January 9, 2008 - 45 units were under contract  with an Listing Average Sales Price of  $1,201,664,

if these units close at  93% of List Price this would equate to an Average Sales Price of $1,117,548 and a Median Sales Price of $949,000

Which could translate into a leveling of Average Sales Price!



ANALYSIS:


Historical Data from 2003 through 2006

YEAR Total Units Sold Total Sales Vol. Ave. Sales Price New Listings Ave. Days on Mkt.
2003 546 $418,662,539 $766,781 759 164
2004 650 $638,562,472 $857,979 1024 175
2005 554 $570,226,273 $1,029,289 1207 119*
2006 351 $373,336,365 $1,063,636 1284 135
2007 456 $444,919,522 $975,701 1034 158

* new MLS system tracks DOM from time of listing to time of sale, prior tracked time of listing to time of close

YEAR

Total Units

Sold

Total Sales

Volume

Average Sales Price

New

Listings

Average Days on Market

2002

751

$443,351,386

$644,929

1040

107

2003

654

497,440,039

811,089

1163

108

2004

748

638,562,472

929,760

1261

111

YEAR

Total Units

Sold

Total Sales

Volume

Average Sales Price

New

Listings

Average Days on Market

2002

751

$443,351,386

$644,929

1040

107

2003

654

497,440,039

811,089

1163

108

2004

748

638,562,472

929,760

1261

111



Chart Two:          Twenty Four Year Cyclical Look at LBI Prices and Unit Sales

(SINGLE FAMILY ONLY)

What another interesting year !!!!


 

MarkeTrends Newsletter, yours free for the asking!

                         

 

Want to stay up to date on the sales market on a daily basis?

Sign up for our Early Buyer's Alert program.