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 Type | MLS # | Address | City | Current Price |
New Active | NJOC2018750 | 211 Pelham Ave | Beach Haven | $1,999,000 |
New Active | NJOC2018722 | 321 W 16th St | Ship Bottom | $2,249,000 |
New Active | NJOC2018654 | 211 Pelham Ave | Beach Haven | $1,999,000 |
Active Under Contract | NJOC2008242 | 1604 Bayview Ave | Barnegat Light | $2,499,000 |
Pending | NJOC2018562 | 106 Ohio Ave | Long Beach Township | $1,650,000 |
Pending | NJOC2012802 | 2015 Beach Avenue | Long Beach Township | $2,999,999 |
Pending | NJOC2017326 | 67-D Long Beach Blvd | Long Beach Township | $8,690,000 |
Closed | NJOC2014716 | 138-A Long Beach Boulevard | Long 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market.
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