Researched & Presented by : PAT SEPANAK , Broker / Owner

EARLY SUMMER 2022

YEAR

Comparison all of LBI - Single Family - Jan 1- April 30

# Units Sold

Average Sales Price

Avg Days On Market

% List to Sales Price

2021 210 $ 1,463,035 62 99.2 %

2022 120 $ 1,752,126 53 98.2 %

May 2022 : The LBI market continues to lag behind in total number of units sold . Inventory is showing some signs of increasing with 90 single family currently for sale ( 5 / 11 ) in comparison to 79 for sale April 1 . We also saw % List to Sales Price decrease from 100 % to now 98.2 %. Interest rates have gone up and another rise is expected shortly . Inflation is also rising and the stock market is deflating . Economic signs that some ‘ headwinds ’ may be in the making that could slow this so far , very hot market , down .

SELLERS : Curious as to your LBI home value , want to take advantage of this market , ask for our Online Market Evaluation ( see below ).

Search our Local MLS - Custom search module directly from our local MLS . Choose pre-defined popular searches to start and then create your own custom searches . Can use quick or advanced search modules or by map location . FreeLBIHomeSearch . com

Early Buyer ’ s Alert Program - We can make it even easier for you . Fill out a simple form on our website with your preferred buying parameters and be emailed detailed information about every new listing , price and status changes that match from our local Multiple Listing Service - the day they occur . A great way to ‘ find the finds ’ and find them first ! All information directly from our local MLS .

Online Market Evaluation - Answer a few questions about your LBI property on our website and you ’ ll be sent a report chock full of information about the current state of the LBI market and an in-depth analysis explaining your property ’ s price range of value , including detailed information about your competition . This is not a Zestimate ! A must for every homeowner to stay on top of their LBI investment .

Designed and initially occupied by Tagland Architects . No detail was overlooked . Upon entry you will be greeted by a 2 story ceiling and soaring windows . Dramatic open staircase that weaves through each of the 3 levels . 1st Floor offers a spacious lobby , custom wet bar , large conference room , private office , ADA bathroom . 2nd floor offers an open meeting area / office space overlooking the lobby and 4 private offices . Third floor offers an open office concept , full bath and large eat-in kitchen . And best of all , ocean views ! Attached oversized two story garage / storage / supply area . A 3 level back staircase which would allow for conversion of 3rd floor to an apartment or convert to a exceptional single family home or rental property . . Yes , this is our office building . No , we are not selling the business , we are moving to a nearby location with a new building that is under construction .

Asking $ 1,699,000 Ask for Pat or call 609-290-5360 for more details .

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