Long Beach Island NJ (LBI NJ) Real Estate Market Update for Friday May 5th 2023
LBI Real Estate Daily Market Update Friday May 5th 2023 
LBI Real Estate Daily Market Update Friday May 5th 2023 
LBI Real Estate Daily Market Update Friday May 5th 2023
Long Beach Island Real Estate Sales Market Update Friday May 5th 2023
Happy Cinco de Mayo! We are getting close to Memorial Weekend and the unofficial start of summer 2023 every day! The LBI real estate market broke the trend of the last few days with no pending sales. More homes came on the market today, which is welcome news for buyers. Inventory remains low, so every new listing is a new opportunity for a buyer in the LBI real estate market.
- 3 new listings came up for sale in the LBI real estate market
- 0 homes went under contract on LBI
- 0 home ssold on Long Beach Island
- 1 home 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 Friday May 5th 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 |
| New Active | NJOC2018290 | 19-B Long Beach Blvd | Long Beach Township | $9,975,000 |
| New Active | NJOC2018266 | 7403 Long Beach Blvd | Harvey Cedars | $1,100,000 |
| New Active | NJOC2018114 | 1001 Ocean Ave #1003 | Ship Bottom | $1,125,000 |
| Price Decrease | NJOC2016096 | 1078-F Long Beach Blvd | Long Beach Township | $1,595,000 |
| Temporary Off Market | NJOC2016326 | 6109 Ocean Blvd | Long Beach Township | $2,670,000 |
| Temporary Off Market | NJOC2015738 | 6107 Ocean Blvd | Long Beach Township | $2,595,000 |
In addition to the three new listings that came on the market today, there were two listings that were pulled from the market. Therefore, there was a net gain of only 1 listing today. That said, this time of year, it is not uncommon to see homes pulled from the LBI real estate market if they are rental properties. As we get closer to the summer season, many homeowners will opt to keep their rental property and benefit from the full summer rental income stream. It is likely that these homes will come back on the market after the summer season passes. 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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