Long Beach Island Real Estate Market Conditions & Reports, Long Beach Island Market Trends, New Jersey

Market Commentary Provided by Kevin Bergin and Kevin Farnung

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Kevin Bergin and Kevin Farnung
RE/MAX of Long Beach Island
Ship Bottom, New Jersey
609-709-7356
soldby2kevins@agents.househunt.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

More than 120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$800,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 15-20%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Long Beach Island is

Seller Activity for the past 90 days in Long Beach Island is

Is Financing Available For Qualified Buyers in Long Beach Island?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

LoveLadies, NJ 08008

Reason to Buy/Sell

Other

Average Sold Price

$800,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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