Long Beach Island NJ (LBI NJ) Real Estate Market Update for February 14th 2023
LBI Real Estate Daily Market Update February 14th 2023 
LBI Real Estate Daily Market Update February 14th 2023 
LBI Real Estate Daily Market Update February 14th 2023
Long Beach Island Real Estate Sales Market Update February 14th 2023
The LBI real estate market showed limited activity, but the activity was interesting! There were only 4 changes to the sales market on Long Beach Island today, and three of them were price reductions!
- 0 new listings came up for sale in the LBI real estate market
- 1 home went under contract on LBI
- 0 homes sold on Long Beach Island
- 3 homes saw a price reduction in the LBI real estate market
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Daily Market Update February 14th 2023
Below is a breakdown of all changes and transactions that took place in the LBI real estate market today.
| Last Change Type | MLS # | Address | City | Current Price |
| Price Decrease | NJOC2014300 | 135-B Long Beach | Long Beach Township | $4,349,999 |
| Price Decrease | NJOC2013774 | 1035-C Long Beach | Long Beach Township | $7,999,999 |
| Price Decrease | NJOC2012694 | 2 Tennessee | Long Beach Township | $2,499,999 |
| Pending | NJOC2015740 | 6715 Ocean Blvd | Long Beach Township | $7,995,000 |
While activity was limited, it is worth discussion. The three price drops have been on the market for about 3-4 months each. During the height of COVID, homes spent about a week or so on the sales market. Prior to COVID, the average was about six months. Currently, homes are averaging around 2-3 months in the LBI real estate market. Therefore, if a home has not traded in this low inventory and very busy market within the standard timeframe, a price drop is most likely needed as we saw today. The one pending sale will be a record for the south end of LBI, assuming it trades near listing price. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.
By: Nathan Colmer |LBI Real Estate Agent | 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.
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