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 Type | MLS # | Address | City | Current Price |
New Active | NJOC2020994 | 10 E 11th St | Beach Haven | $4,195,000 |
Price Decrease | NJOC2020724 | 16 E Wyoming Ave | Long Beach Township | $1,599,000 |
Active Under Contract | NJOC2020516 | 79-B Long Beach Blvd | Long Beach Township | $3,950,000 |
Pending | NJOC2019012 | 6 W McKinley Ave. | Long Beach Township | $1,499,000 |
Closed | NJOC2016962 | 22 5th St | Beach Haven | $2,075,000 |
Closed | NJOC2015940 | 33 W 87th | Long Beach Township | $2,100,000 |
Closed | NJOC2015630 | 13 Cleveland Ave | Long 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market.
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