LBI Real Estate Daily Market Update May 25th 2023

LBI Real Estate Daily Market Update May 25th 2023

Long Beach Island NJ (LBI NJ) Real Estate Market Update for May 25th 2023

Long Beach Island Real Estate Sales Market Update May 25th 2023

The LBI real estate market saw a lot of activity today in the sales market. Perhaps buyers are getting encouraged by the summer season being so close at hand! Overall LBI real estate market activity was strong, as it has been for the past few days.

  • 2 new listings came up for sale in the LBI real estate market (note the chart shows three but two of them are the same house)
  • 4 homes went under contract on LBI
  • 1 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 25th 2023

Below is a breakdown of all changes and transactions that took place in the LBI real estate market today.

Last Change TypeMLS #AddressCityCurrent Price
New ActiveNJOC2018750211 Pelham AveBeach Haven$1,999,000
New ActiveNJOC2018722321 W 16th StShip Bottom$2,249,000
New ActiveNJOC2018654211 Pelham AveBeach Haven$1,999,000
Active Under ContractNJOC20082421604 Bayview AveBarnegat Light$2,499,000
PendingNJOC2018562106 Ohio AveLong Beach Township$1,650,000
PendingNJOC20128022015 Beach AvenueLong Beach Township$2,999,999
PendingNJOC201732667-D Long Beach BlvdLong Beach Township$8,690,000
ClosedNJOC2014716138-A Long Beach BoulevardLong Beach Township$1,990,000

As as been the case, the LBI real estate market has seen a lot of balance and stability. There have been days where new listings outpaced pending sales, and other days, like today, where pending sales outpaced new listings. Taken as a whole, we are seeing between 1 and 2 pending sales each day of the week and about the same number of new listings. Welcome to a balanced real estate market on Long Beach Island! Demand is still strong and inventory is still low, so until one of those elements changes, this is likely to be the market. 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

www.BuyLBI.com

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

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