LBI Real Estate February 2019 Sales Update

LBI Real Estate February 2019 Sales Update

Long Beach Island (LBI NJ) February 2019 Real Estate Sales Update

Long Beach Island Real Estate

The LBI real estate market has slowed down however market activity and market pricing are still very strong. This LBI Real Estate February 2019 Sales Update highlights these points with fewer closed sales when compared to February 2018, but still no signs of a market crash or significant downturn. The real estate market on Long Beach Island has seen steady activity and sales growth since Hurricane Sandy so some slowdown is both expected and healthy. Overall February had a strong month for market activity on LBI.

By : Nathan Colmer | 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

LBI Real Estate February 2019 Sales Update

Below is a breakdown of all closed single family homes and condominiums in the LBI real estate market that were recorded as closed in the MLS. It does not take into account any private sales.

TypeMLS#Street NumberStreet NameMunicipalitySectionCurrent PriceBeds TotalBaths FullBaths HalfSq Ft TotalWaterfrontDOM
CONDO4051909416Boulevard 2ndShip BottomShip Bottom$352,500 3101,010No113
CONDO405838010Osborn Unit 101Long Beach TwpHolgate$375,000 320957No38
CONDO4058512214LeewardBeach Haven BoroughL.E.H. Yacht$435,000 210684Yes72
SF40580467901Long BeachLong Beach TwpBeach Haven Crest$480,000 320940No70
SF40582262108CentralBarnegat LightBarnegat Light$490,000 3111,248No31
SF405372328418thShip BottomShip Bottom$540,000 5202,188No171
SF40601803583rdSurf CitySurf City$580,000 4111,315No12
SF405383023110thBeach Haven BoroughBeach Haven$600,000 5201,792No57
SF405700610CulverLong Beach TwpBeach Haven Crest$625,000 3201,472No73
SF40552221514thLong Beach TwpNorth Beach Haven$650,000 4111,400No77
SF40586514Mac EvoyLong Beach TwpThe Dunes$697,000 4211,752No17
SF4058222217OceanBeach Haven BoroughL.E.H. Yacht$740,000 3121,400No38
SF4053269100PennsylvaniaLong Beach TwpBeach Haven Terrace$777,500 4211,760No163
SF4060713302n 4thSurf CitySurf City$799,000 3201,200No0
SF40535991603CentralBarnegat LightBarnegat Light$800,130 4302,205No158
SF4056972112MarylandLong Beach TwpBeach Haven Terrace$876,321 4201,788No68
SF4055434135Laguna LaneLong Beach TwpLoveladies$900,000 4301,800Yes101
SF40493393802Long BeachLong Beach TwpBrant Beach$950,000 4312,766No184
SF40538646201Long BeachHarvey CedarsHarvey Cedars$953,000 4202,088No117
SF4054927121Sand DuneLong Beach TwpPeahala Park$975,000 5211,616No126
SF40549593014thSurf CitySurf City$1,160,000 5413,200No90
SF40569373LagoonLong Beach TwpNorth Beach$1,280,000 8604,431No33
SF4050161207thBeach Haven BoroughBeach Haven$1,410,000 4221,528No120
SF404960022VirginiaLong Beach TwpHaven Beach$1,425,000 5413,018No186
SF40554791048Long BeachLong Beach TwpNorth Beach$1,475,000 6313,905No49
SF4053048621stSurf CitySurf City$1,826,500 6402,180Yes64
SF40538348BurlingtonHarvey CedarsHarvey Cedars$2,300,000 6513,000No50
SF40551266808SuffolkHarvey CedarsHarvey Cedars$2,700,000 5315,136Yes21

Overall the statistics show strong activity and a stable market. The average price of a single family home was about $1,040,000 which is a healthy number in the LBI real estate market. The increases that lead up to the market peak in 2017 have slowed down but again there are no real signs of a downturn at this time. Rather the market seems to have leveled off with slow growth. For more information about buying, selling or investing in the LBI real estate market please do not hesitate to contact me.

By : Nathan Colmer | 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

More LBI Real Estate Information:

Long Beach Island Real Estate Oceanblock Home Sale Update

Long Beach Island Real Estate Tax Appeals

Beach Haven Crest 2018 Real Estate Sales

Beach Haven Gardens 2018 Real Estate Sales Update

LBI NJ Real Estate Weekly Sales Update 2/10/2019-2/17/2019

LBI Real Estate Weekly Sales Update 2/17/2019-2/24/2019