Long Beach Island NJ (LBI NJ) Real Estate Market Update for January 18th 2023
Long Beach Island Real Estate Sales Market Update January 18th 2023
The LBI real estate market saw a good mix of activity today. This furthers the trend of a balanced market. We have seen a few more new listings come on the market, which is typically for this time of year, and now we are starting to see more and more pending sales as buyers take advantage of this new inventory. Activity for today was as follows in the Long Beach Island real estate market:
- 3 new listings came up for sale in the LBI real estate market
- 2 homes went under contract on LBI
- 1 home sold 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 January 18th 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|
|Coming Soon||NJOC2015924||2702-Long Beach Blvd||Ship Bottom||$759,000|
|New Active||NJOC2015802||39 N 17th St||Surf City||$1,999,000|
|New Active||NJOC2015800||101 N 1st Street||Surf City||$2,199,000|
|Price Decrease||NJOC2015294||12904 Long Beach||Long Beach Township||$1,450,000|
|Active Under Contract||NJOC2015852||4206 Long Beach #E||Long Beach Township||$995,000|
|Pending||NJOC2014964||1504 Long Beach||Long Beach Township||$1,099,999|
|Closed||NJOC407486||445 Engleside Ave||Beach Haven||$1,660,000|
|Expired||NJOC2009500||1096-C Long Beach||Long Beach Township||$1,849,000|
Inventory remains low in the LBI real estate market, with around 100 single-family homes for sale. Interest rates have seen a steady fall and are now in the low to mid 5% range for many buyers. This is welcome news and makes the cost of ownership much better when buying a home on Long Beach Island. Of course, rates will vary from borrower to borrower, so if you are considering buying a home in the LBI real estate market, now would be a good time to check with a lender to see where you stand. 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 | email@example.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market.
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