LBI Real Estate Daily Market Update September 6th 2023

LBI Real Estate Daily Market Update September 6th 2023

Long Beach Island NJ (LBI NJ) Real Estate Market Update for September 6th 2023

Long Beach Island Real Estate Sales Market Update September 6th 2023

It was another balanced day in the LBI NJ real estate sales market. Activity between new listings, pending sales and closed transactions was spread out. This has been the trend in recent weeks, even as we see more and more listings come on the market on Long Beach Island.

  • 1 new listing came up for sale in the LBI real estate market
  • 2 homes went under contract on LBI
  • 3 homes 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 September 6th 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 ActiveNJOC202099410 E 11th StBeach Haven$4,195,000
Price DecreaseNJOC202072416 E Wyoming AveLong Beach Township$1,599,000
Active Under ContractNJOC202051679-B Long Beach BlvdLong Beach Township$3,950,000
PendingNJOC20190126 W McKinley Ave.Long Beach Township$1,499,000
ClosedNJOC201696222 5th StBeach Haven$2,075,000
ClosedNJOC201594033 W 87thLong Beach Township$2,100,000
ClosedNJOC201563013 Cleveland AveLong Beach Township$2,459,000

The number of homes for sale in the LBI real estate market has, very slowly, been increasing, but we are still at a near-historic low. There are only a little over 100 single-family homes for sale on Long Beach Island. Last week’s activity was a good indicator of this. There were 21 new listings that came on the market and 19 pending sales. This is near wash of new homes and pending sales. Today’s activity echos the past week’s activity with only 1 new listing and 2 pending sales. All in all, the LBI real estate market is still very strong, buyer confidence is high, and inventory is still the big challenge faced by most home buyers on Long Beach Island. 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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