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Long Beach Township : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 4
Sat Feb 15, 2014
Melinda Decker answered:
Nearly a year has gone by since your question and I can give you a recap... Many of the damaged homes either have been, or are in the process of being rehabbed or rebuilt, which has resulted in updated neighborhoods.

2013 saw a much slower than average first half in home sales on Long Beach Island, with only 318 units closed and an average sales price of $759K. The second half, however, resulted in 474 closed units with an average sales price of $865, an over $100K increase over the course of a year.

This year, 2014, has all the signs of becoming a banner year for Long Beach Island. Here's why:

1) This year, consumer confidence indices are well into the positive range and are uniformly higher.

2) Sandy is more than a year behind us and not only are properties restored, but many neighborhoods are upgraded.

3) Mortgage costs and availability have improved, including Jumbo products.

4) Reducing numbers in properly priced inventory, are predicted to result in an inevitable increase in average sales prices topping $900K, and volume approaching or exceeding the $1billion mark for the first time since before the recession.

I'm happy to answer questions about our market, or about Long Beach Island in general.

Melinda Decker
REALTOR-Associate
Prudential Zack Shore Properties
Ship Bottom, NJ 08008
609-494-7272 X1130 Office
609-661-3815 Mobile/Text
http://www.LBIAreaHomes.com
M.Decker@LBIAreaHomes.com
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Sat Jan 25, 2014
Stacey Phillips answered:
Hello hodulikd, sorry for the delay in responding, however I do not see a specific question. This site can be a little hard to maneuver on. First let me say that this home is still in fact on the market. As well as several others in this price range. I would be more than happy to provide you with information on this or any other home in the area. You can reach me at 609-742-5812 Stacey Phillips
Thank you!
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Mon Jun 18, 2012
Nathan Colmer answered:
Dear Sreesenyc,

I have enclosed a link to the old listing in the MLS which had the property listed at $629,000:
https://www.jerseyshoremls.net/njs/maildoc/scolmena_1340044306-Jun-18-2012-2_31_46pm.html

This listing expired (which in of itself tells you something about the price as it failed to sell). I personally think, as a rough estimate, that the house is valued around $515,000-$525,000 in this market. I would be happy to provide you with specifics if you would like. I can be reached on my cell phone anytime 609-290-4293 or you can visit my website at www.buylbi.com.

Thanks!

Nathan
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Wed Jun 30, 2010
Pat Sepanak answered:
Dear Erin,

This post just came through to me so I will give you an update to your question as of June 30, 2010. The Average Sales Price 10 years ago (2000) was $400,000. The top of our market occured in 2006 with an Average Sales Price of $1,161,000. We ended 2009 with an Average Sales Price of $935,000. Reviewing the first six months of 2010 and the Average Sales Price today is $1,001,395. Given the economic times Long Beach Island has proven its resiliency over the years. If you wish more detailed information you will find it on my web site at: LBIrealestateNews.com with data going back to 1982 and with an emphasis on 2005 to today. I also produce an electronic MarkeTrends newsletter that I would be happy to email you upon request. If you have any other questions about the market, please ask.

Pat Sepanak, Broker/Owner
Coldwell Banker Sand Dollar Real Estate
Long Beach Island
email:SandDollaronLBI@att.net
Office: 609-4949-1130
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