July 2020 Belmar Market Summary
Updated: Sep 8, 2020
My Belmar real estate market analysis for the month of July indicated a jump in home sales to fifteen homes with an average sale price of $660,933.
There were 29 active listings with an average list price of $888,175. These statistics remained consistent once again as we continue to see steady homebuying activity during the summer months. The majority of active listings were again listed above $500,000.
The number of days on the market dropped by about a month down to 44 days. The year-to-date days on the market for 2020 is 64 which is about the same as 2019 year-to-date at 66. This is interesting to see considering the pandemic was expected to cause a significant disruption to the real estate market. We can now see that the market is performing better than originally anticipated.
Presently, there are 21 homes for sale in Belmar and 24 homes are under contract. While inventory continues to remain low, home values consistently reach new heights, especially throughout the Jersey Shore.
This information was obtained through MORR Flex MLS and according to their service, it is deemed reliable but is not guaranteed.