Long Beach Island NJ (LBI NJ) Real Estate Market Update for May 11th 2023
LBI Real Estate Daily Market Update May 11th 2023 
LBI Real Estate Daily Market Update May 11th 2023 
LBI Real Estate Daily Market Update May 11th 2023
Long Beach Island Real Estate Sales Market Update May 11th 2023
It was a day of pending sales and closed transactions in the Long Beach Island NJ real estate market today! We will start to see an increase in closed sales as we edge closer to Summer and the pending sales of the spring market on LBI settle. We are still seeing stable activity from buyers, and inventory remains low.
- 0 new listings came up for sale in the LBI real estate market
- 1 home went under contract on LBI
- 3 home sold on Long Beach Island
- 0 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 May 11th 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 | Area | Current Price |
| Active Under Contract | NJOC2016654 | 321 W 4th St | Ship Bottom | LBI | $1,299,000 |
| Closed | NJOC2016898 | 1020-B Long Beach Blvd | Long Beach Township | LBI | $2,200,000 |
| Closed | NJOC2017302 | 102 Roosevelt Ave W #BS-21 | Long Beach Township | LBI | $48,000 |
| Closed | NJOC2015590 | 11804 Sunset Ter | Long Beach Township | LBI | $3,513,685 |
| Canceled | NJOC2014068 | 1 Cedars Ave | Harvey Cedars | LBI | $1,679,000 |
| Expired | NJOC2013940 | 126 E 22nd E | Long Beach Township | LBI | $2,600,000 |
The listings varied greatly today in the LBI real estate market. There was a very nice bayfront home that settled for over $3,500,000 and a boat slip that sold just under $50,000. As I mentioned above, inventory remains the challenge in the Long Beach Island real estate market with only around 125 single family homes listed for sale. Interestingly enough, the value of the LBI real estate market as increased over the last year on a listing by listing basis, so the market has actually risen in the face of higher interest rates. 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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