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Your complete source
for information about
the LBI real estate marketplace since 1983
(formerly Coldwell
Banker Sand Dollar Real Estate)
Click here for why!
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MarkeTrends for Long Beach
Island
Add this View To Your Portfolio!
LBI Beach House
See below for the latest Quarterly and Yearly market data on an Long Beach Island
Investment
If you would like to see 'Weekly' or Monthly' visit
'This Week on LBI'
Winter 2012 Issue of our MarkeTrends Newsletter
Featuring: Our 'Crystal Ball'
Forecast, Rental Market Update and more!
If you would like to receive a FREE copy of our E-Newsletter, please email us
at:
SandDollaronLBI@att.net with your request.
Below you will find additional 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
Historical Data from 2004 through 2010 (single family
only)
| YEAR |
Total Units Sold |
Ave. Sales Price |
Days on Market |
| 2004 |
540 |
$929,771 |
119 |
| 2005 |
451 |
$1,129,906 |
118 |
| 2006 |
291 |
$1,156,435 |
126 |
| 2007 |
385 |
$1,077,626 |
154 |
| 2008 |
298 |
$1,090,744 |
153 |
| 2009 |
285 |
$934,629 |
178 |
| 2010 |
297 |
$1,020,659 |
180 |
| 2011 |
301 |
$951,498 |
194 |
Note: the large number of properties sold in 2009 in the
$500,000 to $750,000 range. Over 69% of the sales were under $1M. 2010 shows a
rebound on price, slight but at least an upward trend. This became obvious
around May 2010 and has continued to the end of the year. Inventory drops a
bit as sales activity increases.
2011: Over 71% of sales were under $1M, 33% were between $500,000 to
$750,00 and 1% were under $500,000.
Inventory Levels (single &
condo) on:
09/06
12/06
03/07 06/07 01/08
07/08 12/08
7/09 1/10
5/10
1/11
1/12
838
779 629 578
514 531
588 581
533 600
513 512
CHART TWO:
Cyclical Look at LBI Prices and Unit Sales
(SINGLE FAMILY ONLY)
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% |
|
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% |
|
Dec 6 2008 |
31 |
340 |
¯25% |
$994,929 |
1.9 |
799,000 |
.45 |
949 |
¯9 |
181 |
92.5% |
|
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 |
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