Long Beach Island NJ (LBI NJ) Real Estate Market Update for November
Long Beach Island Real Estate Sales Market Update November
Today was a steady day in the LBI real estate market with balanced activity, apart from new listings. The LBI real estate market is still experiencing low inventory levels and today’s activity did not help that. No new listings entered the sales market and two homes went under contract on Long Beach Island. It is interesting to note that the two homes that went under contract in the LBI real estate market were radically different. The first was a modest bayside cape on the bayside in Beach Haven Gardens, and the other was a large, new oceanfront home in North Beach!
- 0 new listings came up for sale in the LBI real estate market
- 2 home went under contract on LBI
- 1 home sold on Long Beach Island
- 1 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 6th 2024
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 | Zip Code | |
| Price Decrease | NJOC2023374 | 108 E 7th St #1 | Ship Bottom | LBI | $1,200,000 | Zip Code 08008 | |
| Pending | NJOC2022430 | 6 34th | Long Beach Township | LBI | $1,019,000 | Zip Code 08008 | |
| Pending | NJOC2019846 | 1027-C Long Beach | Long Beach Township | LBI | $8,999,900 | Zip Code 08008 | |
| Closed | NJOC2023342 | 5614 Holly Ave | Harvey Cedars | LBI | $2,700,000 | Zip Code 08008 | |
| Canceled | NJOC2025506 | 102 W 20th St | Ship Bottom | LBI | $1,650,000 | Zip Code 08008 | |
Currently, there are only around 105 single-family homes for sale in the LBI real estate market. This is a very low number and, historically, near the bottom in terms of supply. Demand is still very strong with about 50 pending sales in the LBI real estate market. Until this trend changes, it is doubtful that we will see prices drop. 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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