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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 2003 through 2008 (single family only)
| YEAR |
Total Units Sold |
Ave. Sales Price |
Days on Market |
| 2004 |
508 |
$916,658 |
113 |
| 2005 |
426 |
$1,142,865 |
117 |
| 2006 |
277 |
$1,158,605 |
134 |
| 2007 |
369 |
$1,081,605 |
160 |
| 2008* |
284 |
$1,088,057 |
157 |
*
as of 12/6/08
Inventory Levels (single &
condo) on:
09/06
12/06
03/07 06/07 01/08
07/08 12/08
838
779 629 578
514 531
588
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% |
|
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:
Twenty Four Year Cyclical Look at LBI Prices and Unit Sales
(SINGLE FAMILY ONLY)
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