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MarkeTrends for Long Beach
Island
Which View Do You
Prefer for Your Portfolio?
Stock market (22% decrease from 2004 to 2008)
LBI
ASP - 18% increase since 2004
LBI Beach House
See below for the latest market data on an Long Beach Island
Investment
Winter 2009 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 2009 (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 |
The last few months have shown a larger than usual average
sales price decrease. It should be noted that part of this decrease is due to
the mix of the type of property sold. Please see chart below for more detail.
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.
Inventory Levels (single &
condo) on:
09/06
12/06
03/07 06/07 01/08
07/08 12/08
7/09 1/10
838
779 629 578
514 531
588 581
533
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 |
Chart Two:
Cyclical Look at LBI Prices and Unit Sales
(SINGLE FAMILY ONLY)
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