LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019

LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019



Long Beach Island Real Estate Weekly Sales Update 2/10/2019-2/17/2019

Long Beach Island Real Estate

LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019: With 127 changes to the MLS this week on Long Beach Island it is fair to say things have been busy! This included new listings, price changes, sold listings, etc. Of particular interest were the high number of new listings and the high number of homes that went under contact. To help understand the dynamics of the LBI real estate market I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. This week saw the highest average sales price so far in 2019. In this week’s update you will find the LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 51 new listings entered the market with an average price of $1,392,000 (rounded)
  • 21 listings went under contact with an average listing price of about $1,248,000 (rounded)
  • 10 properties sold on Long Beach Island with an average price of $906,000 (rounded)
  • 29 listings were either withdrawn of expired in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, “P” means the property is under contract (pending), “C” means the property sold and “W” or “X” means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.

Property TypeChg TypeMLS#Street NumberStreet NameMunicipalityCurrent PriceBeds TotalBaths FullBaths HalfSq Ft TotalDOM
RESNEW40605877301Long BeachLong Beach Twp$429,000 2201,2964
RESNEW4060576901OceanShip Bottom$525,000 2201,0815
RESNEW406062911010thSurf City$564,500 2111,3122
RESNEW406064120PearlBeach Haven Borough$599,000 2201,0802
RESNEW40605211107BarnegatSurf City$599,000 4201,1225
RESNEW4060480881stHarvey Cedars$629,000 3101,0206
MULNEW406067216HardingLong Beach Twp$639,000 0001,7761
RESNEW406058622421stShip Bottom$650,000 3201,1002
RESNEW40604953886thShip Bottom$659,000 5201,7926
RESNEW4060661204PennsylvaniaBeach Haven Borough$665,000 4201,0086
MULNEW4060514204PennsylvaniaBeach Haven Borough$665,000 0001,0086
RESNEW4060658112Ship BottomShip Bottom$679,999 3211,1502
MULNEW406042036thBarnegat Light$689,000 0001,9365
RESNEW406064210CoxHarvey Cedars$699,000 4201,5122
RESNEW40605422101HighlandLong Beach Twp$699,000 4201,2326
MULNEW406066834311thSurf City$709,999 0001,8722
RESNEW40605314BuckinghamHarvey Cedars$724,200 3201,8467
RESNEW406060923615thShip Bottom$749,000 4211,6474
RESNEW406058932816thShip Bottom$766,000 4302,3144
RESNEW4060536162ndBeach Haven Borough$775,000 2107506
RESNEW4060370162ndBeach Haven Borough$775,000 2107506
LNDNEW406049910-BLong BeachLong Beach Twp$785,000 000058
COMNEW40606568201Long Beach Blvd.Long Beach Twp$796,000 00002
MULNEW40605823462ndSurf City$799,900 0001,9925
RESNEW4060551420thBarnegat Light$829,000 3111,0088
RESNEW40603781705Long BeachLong Beach Twp$869,000 4212,0007
RESNEW406067511EssexHarvey Cedars$895,000 4211,8611
RESNEW40606731004-FLong Beach BlvdLong Beach Twp$999,000 4211,7101
RESNEW406065134615thShip Bottom$999,000 4212,7752
RESNEW406058127527thShip Bottom$1,059,000 4202,1005
RESNEW40602471267thBeach Haven Borough$1,149,000 4211,9875
RESNEW406061116DuneLong Beach Twp$1,199,000 4301,9183
RESNEW406068929South 1st StreetSurf City$1,270,000 4212,0000
RESNEW406068231010thShip Bottom$1,399,000 5312,8002
RESNEW406052787BayviewLong Beach Twp$1,399,000 31019
RESNEW40605582429thLong Beach Twp$1,690,000 4302,9945
RESNEW4060593116LillieLong Beach Twp$1,750,000 6512,9665
RESNEW4060525806BayviewBarnegat Light$1,799,000 5323,5487
RESNEW406054627JudithLong Beach Twp$1,799,900 5403,3476
RESNEW4060681131 B21stShip Bottom$1,850,000 00003
RESNEW40606353008BeachLong Beach Twp$1,899,999 5422,6002
RESNEW40606741321stBarnegat Light$1,985,000 4312,0612
RESNEW40605012101OceanShip Bottom$1,995,000 4302,1727
RESNEW4060496120MermaidLong Beach Twp$2,399,000 5312,7813
RESNEW406025095CLong BeachLong Beach Twp$2,699,000 5413,9625
RESNEW4060630917AtlanticBeach Haven Borough$2,999,900 5414,0343
RESNEW406060512211OceanLong Beach Twp$3,299,000 5423,2005
RESNEW4060679131 A21stShip Bottom$3,549,000 5313,3002
RESNEW40606591029-CLong Beach BlvdLong Beach Twp$3,950,000 5423,8581
RESNEW4060643200PelhamBeach Haven Borough$4,399,000 6614,1342
RESNEW40605742MarineBeach Haven Borough$4,599,000 6623,8751
RESBOM40536314MarylandLong Beach Twp$349,999 31093889
RESBOM4053073419CoralBeach Haven Borough$679,000 5202,508186
RESBOM4053030104KansasLong Beach Twp$1,399,000 4312,240183
RESBOM40456904East 85thHarvey Cedars$1,700,000 4313,294323
RESBOM403770510-FLong BeachLong Beach Twp$2,995,000 6303,060403
RESBOM403770610-B-FLong Beach BoulevardLong Beach Twp$5,995,000 6303,060403
RESDOWN403279035SunsetLong Beach Twp$65,900 0000515
RESDOWN405885910416thLong Beach Twp$829,500 3211,77626
MULDOWN4058688213rdSurf City$998,000 0001,63245
RESDOWN40581601720thBarnegat Light$999,900 4312,41786
RESDOWN4057048109Virginia (110th)Long Beach Twp$1,199,000 4312,23986
MULDOWN404762713815thShip Bottom$2,200,000 0004,140258
RESDOWN404774713815thShip Bottom$2,200,000 8424,140256
RESDOWN40479451009AtlanticBeach Haven Borough$2,295,000 4302,300268
RESUP40605005HarringtonLong Beach Twp$799,900 5212,5007
RESUP40587202395thShip Bottom$1,089,000 4312,92044
RESK405372328418thShip Bottom$559,900 5202,188158
RESK40580422103HighlandLong Beach Twp$649,000 3111,03294
RESK405506330TennesseeLong Beach Twp$899,000 4312,150142
RESK40585977212OceanLong Beach Twp$1,475,000 4312,58446
RESK406004613121stShip Bottom$2,300,000 6203,00032
RESP4056948443rdLong Beach Twp$469,000 31086497
RESP4056946443rdLong Beach Twp$469,000 31086497
RESP40565611003CentralSurf City$579,000 4201,152121
MULP40566251003CentralSurf City$579,000 0001,152121
RESP4058930529thLong Beach Twp$645,000 32099612
RESP405896011BayberryLong Beach Twp$679,000 5201,45630
RESP40498331241stLong Beach Twp$739,000 3301,300239
RESP40498221241stLong Beach Twp$739,000 3301,300239
RESP40535991603CentralBarnegat Light$839,000 4302,205158
RESP40536616705Long BeachLong Beach Twp$975,000 4212,398158
RESP40603213ArtsLong Beach Twp$985,000 2111,26410
MULP40583022024thSurf City$999,000 0002,52074
RESP40585113204thShip Bottom$1,195,000 5202,38047
RESP40605402620thLong Beach Twp$1,499,000 5312,5563
RESP40582648GloucesterHarvey Cedars$2,149,000 4312,50072
RESP405499397C+DLong BeachLong Beach Twp$6,795,000 8616,926160
RNTW40550722113CentralShip Bottom$1,475 3211,700144
RESW405694232816thShip Bottom$766,000 4302,31497
RESW405516614KirklandLong Beach Twp$830,000 4211,476139
RESW4060245103LillieLong Beach Twp$999,000 4311,7007
RESW4058045325BelvoirBeach Haven Borough$1,750,000 5312,49190
RESW4053104116LillieLong Beach Twp$1,750,000 6512,998147
RESW405498597DLong BeachLong Beach Twp$4,995,000 8616,926160
RESV4057013424DockBeach Haven Borough$425,000 1111,188100
LNDV4057014424DockBeach Haven Borough$425,000 0000100
LNDV405839526215thShip Bottom$624,950 0008,00067
RESV40454641241stLong Beach Twp$799,000 3301,300339
RESV40454611241stLong Beach Twp$799,000 3301,300339
LNDV404925810-CLong BeachLong Beach Twp$875,000 0000214
COMV40586528701Long BeachLong Beach Twp$1,199,000 000044
MULV40586538701Long BeachLong Beach Twp$1,199,000 0006,00044
RESV4058142271PompanoLong Beach Twp$1,325,000 4312,79386
RESV403770710-E & FLong Beach BoulevardLong Beach Twp$3,899,000 6303,060396
RESC40582262108CentralBarnegat Light$490,000 3111,24831
RESC40584724158thBeach Haven Borough$519,750 3211,49360
MULC405166726OceanviewLong Beach Twp$578,000 0001,294192
RESC405383023110thBeach Haven Borough$600,000 5201,79257
RESC4058222217OceanBeach Haven Borough$740,000 3121,40038
RESC4053269100PennsylvaniaLong Beach Twp$777,500 4211,760163
RESC4056972112MarylandLong Beach Twp$876,321 4201,78868
RESC40549593014thSurf City$1,160,000 5413,20090
LNDC4028805171-CLong Beach BlvdLong Beach Twp$1,495,000 00012,500458
RESC4053048621stSurf City$1,826,500 6402,18064
RESX4055252214LeewardBeach Haven Borough$539,900 2107220
MULX405306098ArnoldLong Beach Twp$875,000 0001,700184
RESX405319098ArnoldLong Beach Twp$875,000 5201,700180
RESX4053029103SurfLong Beach Twp$1,075,000 5201,681136
RESX4051409270PompanoLong Beach Twp$1,100,000 3201,843183
RESX40570022620thLong Beach Twp$1,499,900 5312,55691
RESX405295488BayviewLong Beach Twp$1,699,000 6332,868163
RESX405699527JudithLong Beach Twp$1,799,900 5403,34791
RESX4053086215NautilusLong Beach Twp$1,895,000 5313,273184
RESX404586213E. 21stBarnegat Light$1,985,000 4312,601317
RESX4051898917AtlanticBeach Haven Borough$3,199,000 5414,034184
RESX40530631029-CLong Beach BlvdLong Beach Twp$3,950,000 5423,858183

LBI New Jersey Real Estate Sales Analysis

Status: Active (67)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min$65,900 $270.73
Max864,140$5,995,000 $1,399,000.00 515
Avg422,135$1,444,681 $22,827.00 51
Median422,000$999,000 $564.46 .5
Sum...$96,793,596 ..
Status: Contract-Show (5)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min311,032$559,900 $255.90 32
Max633,000$2,300,000 $766.67 158
Avg422,191$1,176,580 $528.08 94
Median422,188$899,000 $570.82 .94
Sum...$5,882,900
Status: Under Contract (16)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min2864$469,000 $380.50 3
Max866,926$6,795,000 $981.09 239
Avg421,990$1,270,875 $577.11 102
Median421,378$789,000 $542.82 .97
Sum...$20,334,000
Status: Withdrawn (7)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min321,476$1,475 $0.87 7
Max866,926$4,995,000 $721.20 160
Avg542,801$1,584,496 $498.48 112
Median432,314$999,000 $583.72 .139
Sum...$11,091,475
Status: Cond Withdrawn (10)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min11,188$425,000 $78.12 44
Max638,000$3,899,000 $1,274.18 396
Avg313,377$1,156,995 $516.22 173
Median312,793$837,000 $474.40 .100
Sum...$11,569,950
Status: Closed (10)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min31,248$499,000 $119.60 80.29%31
Max6412,500$2,275,000 $837.84 100%458
Avg422,866$981,870 $430.26 94.21%122
Median421,774$774,450 $417.20 .66
Sum...$9,818,699
Status: Expired (12)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min2722$539,900 $514.71
Max644,034$3,950,000 $1,023.85 317
Avg532,515$1,707,725 $657.46 158
Median532,578$1,599,450 $594.63 .181
Sum...$20,492,700
Status: All (127)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min$1,475 $0.87 80.29%
Max8612,500$6,795,000 $1,399,000.00 100%515
Avg422,325$1,385,695 $12,243.92 94.21%88
Median422,000$975,000 $558.48 .44
Sum...$175,983,320

The fact that so many homes went under contact is a welcomed change to the overall slower activity we have been seeing in the LBI real estate market. There are some clear signs that the market has been slowing down and as such it is more important than ever to pay attention to the developing trends in the LBI real estate market. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019 please do not hesitate to contact me.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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