Winter 2012 Market Update


Average Home Price $600,000 - View Graph Trend
Average Price Compared to Last Year Down 15-20%
Average Time on Market 90-120 days
Best Selling Price Range$600,000 - $649,000
Worst Selling Price Range$1,000,000+
Prices As % of Asking Price 85-90%
Existing Home Prices for the past 90 days are?Decreasing
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Long Beach Island isDecreasing
Seller Activity for the past 90 days in Long Beach Island is?No Change
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Good economic news
Nearest Metro AreaSouth Jersey Shore
Housing Hot SpotsBeach Haven and Ship Bottom, NJ 08008
Average Sold Price $600,000 - View Graph Trend

Long Beach Island Local News


News for Long Beach Island, NJ - June 15th, 2011 1:19pm
Beach repair is happening in the northern section of Surf City. Early June events were well received --LBI Fest and the Art show in Ship Bottom.

News for Long Beach Island, NJ - June 10th, 2010 10:48am
Summer is here, please be careful driving on Long Beach Blvd.
Pedestrians have the right of way, so beware of people darting into the street
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Kevin Bergin and Kevin Farnung
Kevin Bergin and Kevin Farnung
     609-709-7356 or 609-713-1538
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Blog Archives
June 2010 (1)


Mortgage Rates
– Feb 10th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Kevin Bergin and Kevin Farnung
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Kevin Bergin and Kevin Farnung
LBI REALTY GROUP
LBI REALTY GROUP

  609-709-7356 or 609-713-1538




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