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Winter 2012 Market Update
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| 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 is | Decreasing |
| 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 Area | South Jersey Shore |
| Housing Hot Spots | Beach 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
Contact Information
Kevin Bergin and Kevin Farnung
609-709-7356 or 609-713-1538
Request More Information Let me answer your questions!
Ask Me!
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%
Home Values
StreetZip Code
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.
Click here for full article...
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.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Kevin Bergin and Kevin Farnung
LBI REALTY GROUP
|
 609-709-7356 or 609-713-1538
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