Willy Kahl, Waterfront Specialist—RE/MAX of LBI Long Beach Island Single Family Oceanfront Sales Spreadsheet and Charts for 2009 Oceanfront Sales Spreadsheet TOWN
ADDRESS
SOUTH
DATE
LIST
SOLD
PRICE
SELL
SELL/ FEET AGE ASSESS ASSESS ASSESS
PRICE $ LIST $ WTR
BUILD
LAND
TOTAL
SELL$/
#BEDR. #BATH
ASSESS$
HOLGATE
5309 S. LBB
12/18/09 1,395,000 1,312,000 94%
40
24
288,800
924,000 1,212,800
1.08
4.00
3.00
HOLGATE
4407 LBB
SPRAY BEACH THE DUNES 2009 AVG
11/24/09 1,825,000 1,600,000 88%
78
38
209,600 1,478,400 1,688,000
0.95
4.00
3.50
210 E. 25th St. 12/29/09 1,999,000 1,700,000 85%
98
31
80,200 1,270,500 1,350,700
1.26
4.00
2.50
12405 Ocean Ave. 4 SOLD IN
6/3/09
1,795,000 1,700,000 95%
60
28
114,200 1,270,500 1,384,700
1.23
4.00
2.00
SOUTH
1,753,500 1,578,000 90%
69
30
173,200 1,235,850 1,409,050
1.12
4.00
2.75
CENTER SURF CITY
5 N 10th St.
1/30/09
2,495,000 2,200,000 88%
50
12
403,200 1,000,000 1,403,200
1.57
4.00
3.50
SURF CITY
1017 Ocean
11/9/09
2,699,000 2,400,000 89%
50
20
439,600 1,000,000 1,439,600
1.67
5.00
4.00
SURF CITY
1109 N Ocean 2/19/09 3,695,000 3,200,000 87% Terrace 1605 Ocean 6/12/09 2,190,000 1,800,000 82% Ave. 4 SOLD IN CENTER 2,769,750 2,400,000 87%
7.00
SURF CITY 2009 AVG
70
1
945,800 1,600,000 2,545,800
1.26
5.00
40
1
403,820 1,035,000 1,438,820
1.25
4.00
3.50
53
9
548,105 1,158,750 1,706,855
1.41
4.50
4.50
NORTH NORTH BEACH
1035C LBB
12/29/09 2,690,000 2,690,000 100% 100
42
66,200 2,462,500 2,528,700
1.06
3.00
2.50
NORTH BEACH
1055A LBB
12/18/09 2,500,000 2,150,000 86%
100
69
105,000 3,461,500 3,566,500
0.60
4.00
3.00
NORTH BEACH
1057C LBB
9/11/09
4,975,000 4,400,000 88%
100
2
668,900 2,462,500 3,131,400
1.41
7.00
4.50
HARVEY CEDARS 12 E 68th St.
6/12/09
2,190,000 1,950,000 89%
64
39
432,100 1,793,000 2,225,100
0.88
4.00
3.00
8 E Arts Lane
3/16/09
3,980,000 3,550,000 89%
100
24
446,600 2,462,500 2,909,100
1.22
6.00
4.00
BARNEGAT LIGHT 17 E 24th St.
6/22/09
1,899,000 1,600,000 84%
63
42
177,200 2,131,500 2,308,700
0.69
5.00
2.00
3,039,000 2,723,333 90%
88
36
316,000 2,462,250 2,778,250
0.98
4.83
3.17
2,594,786 2,303,714 89%
72
27
341,516 1,739,421 2,080,937
1.11
4.50
3.43
LOVELADIES
2009 AVG
2009 AVG LBI
6 SOLD IN
NORTH
14 SOLD IN 2009
Copyright 2010 Willy Kahl, lbisales.com, All Rights Reserved. All Statistics are deemed reliable but not guaranteed. Data was retrieved from the Greater N.J. Regional Multiple Listing Service Computer. This newsletter data is an exclusive publication and cannot be reproduced without prior written permission from Willy Kahl.
Willy Kahl, Waterfront Specialist—RE/MAX of LBI Long Beach Island Single Family Oceanfront Sales Spreadsheet and Charts for 2009 Average Sales Price per Foot of Oceanfront 1993
1994
1995
1996
1997
1998
1999
2000
2005
2006
2007
2008
569,208
527,200
457,875
474,292
497,300
543,472
539,412
745,559
765,950
751,615 1,074,045 1,529,667 1,426,909 2,158,273
2,285,143
1,996,056
1,812,057
1,578,000
CENTER
456,417
526,429
575,000
417,182
503,929
501,917
551,712
544,850
777,000
969,780
991,400 1,377,138 1,808,000 1,714,688
2,075,000
2,250,333
1,956,667
2,400,000
NORTH
651,136
743,455
726,563 1,190,929 1,022,600
976,611
749,705 1,013,231 1,389,208 1,556,429 2,111,967 2,532,500 2,347,500 3,440,000
3,163,375
2,623,438
3,635,081
2,723,333
AVG. Price Price/avg. ft. AVG. Feet
556,286
630,391
588,775
620,567
662,906
707,541
655,650
846,628
955,138
991,776 1,483,556 2,055,628 1,889,500 2,476,500
2,499,083
2,280,609
2,547,860
2,303,714
557,423
567,082
620,759
627,017
634,544
686,299
691,267
832,308
926,463 1,182,788 1,458,463 1,967,678 2,114,738 2,434,611
2,525,057
2,154,682
2,471,368
2,327,658
% Increase year to year % Increase Totals from 1992
73
2001
2002
2003
2004
2009 Avg. foot
1992 SOUTH
81
69
72
76
75
69
74
75
61
74
76
65
74
72
77
75
72
1.73%
9.47%
1.01%
1.20%
8.16%
0.72%
20.40%
11.31%
27.67%
23.31%
34.91%
7.47%
15.13%
3.71%
-14.67%
14.70%
-5.81%
11.36%
12.49%
13.84%
23.12%
24.01%
49.31%
66.20%
112.19%
161.64%
253.00%
279.38%
336.76%
352.99%
286.54%
335.80%
274.97%
111.36%
112.49%
113.84%
123.12% 124.01%
149.31%
166.20%
212.19%
261.64%
353.00%
379.38%
436.76%
452.99%
386.54%
443.36%
417.58%
100.00% 101.73%
72.75
AVERAGE SALE PRICE PER FOOT 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 1992
1993
1994
1995
1996
1997
SOUTH
1998
1999
CENTER
2000
2001
NORTH
2002
2003
AVG. Price
2004
2005
2006
2007
2008
2009
Price/avg.ft.
Copyright 2010 Willy Kahl, lbisales.com, All Rights Reserved. All Statistics are deemed reliable but not guaranteed. Data was retrieved from the Greater N.J. Regional Multiple Listing Service Computer. This newsletter data is an exclusive publication and cannot be reproduced without prior written permission from Willy Kahl.
Willy Kahl, Waterfront Specialist—RE/MAX of LBI Long Beach Island Single Family Oceanfront Sales Spreadsheet and Charts for 2009 Oceanfront Supply vs. Demand Curve and Data (next page)
OCEANFRONT SUPPLY VS. DEMAND CURVE 1.40
100 90 80 70 60 50 40 30 20 10 0
1.20 1.00 0.80 0.60 0.40 0.20
2N
D 1S '92 T 2N '93 D 1S '93 T 2N '94 D 1S '94 T 2N '95 D 1S '95 T 2N '96 D 1S '96 T 2N '97 D 1S '97 T 2N '98 D 1S '98 T 2N '99 D 1S '99 T 2N '00 D 1S '00 T 2N '01 D 1S '01 T 2N '02 D 1S '02 T 2N '03 D 1S '03 T 2N '04 D 1S '04 T 2N '05 D 1S '05 T 2N '06 D 1S '06 T 2N '07 D 1S '07 T 2N '08 D 1S '08 T 2N '09 D '0 9
0.00
SOLD
AVAIL.
DEM/SUP
Copyright 2010 Willy Kahl, lbisales.com, All Rights Reserved. All Statistics are deemed reliable but not guaranteed. Data was retrieved from the Greater N.J. Regional Multiple Listing Service Computer. This newsletter data is an exclusive publication and cannot be reproduced without prior written permission from Willy Kahl.
Willy Kahl, Waterfront Specialist RE/MAX of LBI Long Beach Island Single Family Oceanfront Sales Spreadsheet and Charts for 2009
Supply vs. Demand Data
ď›™ Copyright 2010 Willy Kahl, lbisales.com, All Rights Reserved. All Statistics are deemed reliable but not guaranteed. Data was retrieved from the Greater N.J. Regional Multiple Listing Service Computer. This newsletter data is an exclusive publication and cannot be reproduced without prior written permission from Willy Kahl.
HALF 2ND '92 1ST '93 2ND '93 1ST '94 2ND '94 1ST '95 2ND '95 1ST '96 2ND '96 1ST '97 2ND '97 1ST '98 2ND '98 1ST '99 2ND '99 1ST '00 2ND '00 1ST '01 2ND '01 1ST '02 2ND '02 1ST '03 2ND '03 1ST '04 2ND '04 1ST '05 2ND '05 1ST '06 2ND '06 1ST '07 2ND '07 1ST '08 2ND '08 1ST '09 2ND '09
OCEANFRONT DEMAND SOLD 10 11 12 16 5 17 13 17 15 20 26 30 20 30 19 26 14 14 14 21 15 19 13 14 14 20 9 14 10 12 11 12 9 7 7
SUPPLY AVAIL. 74 76 93 92 88 85 68 72 75 79 63 51 39 27 24 29 23 19 20 16 17 23 24 25 27 26 29 42 46 43 40 41 46 60 63
DEM/SUP 0.14 0.14 0.13 0.17 0.06 0.20 0.19 0.24 0.20 0.25 0.41 0.59 0.51 1.11 0.79 0.90 0.61 0.74 0.70 1.31 0.88 0.83 0.54 0.56 0.52 0.77 0.31 0.33 0.22 0.28 0.28 0.29 0.20 0.12 0.11