LBI Real Estate Weekly Sales Update 04/09/2023-04/16/2023

LBI Real Estate Weekly Sales Update 04/09/2023-04/16/2023

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 04/09/2023-04/16/2023

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 04/09/2023-04/16/2023: It was an all around quiet week in the Long Beach Island New Jersey real estate market with only 35 changes to the MLS. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 11 new listings entered the market (but a few of these were old listings that expired and came back on the market)
  • 4 listings went under contract
  • 5 properties sold on Long Beach Island
  • 5 listings saw price reductions in the LBI real estate market

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

LBI Real Estate Weekly Sales Update 04/09/2023-04/16/2023

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW ACTIVE means it is a new or re-listed home, PRICE DECREASE means the price was reduced, PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing. Note this is for single-family homes, condos, duplexes, and commercial real estate listed by all local Long Beach Island real estate agencies.

Last Change TypeMLS #AddressCityCurrent Price
New ActiveNJOC2017758514 Engleside Ave #ABeach Haven$530,000
New ActiveNJOC201760667 Cedars AvenueHarvey Cedars$2,600,000
New ActiveNJOC2017492101 E SailboatLong Beach Township$1,895,000
New ActiveNJOC20177342 W ClevelandLong Beach Township$6,499,000
New ActiveNJOC2017748100 West AveBeach Haven$165,000
New ActiveNJOC20174245111 WestLong Beach Township$1,599,000
New ActiveNJOC20176788204 Bay TerHarvey Cedars$2,300,000
New ActiveNJOC20176869 Windward RdLong Beach Township$3,495,000
New ActiveNJOC201562615 Cleveland AveLong Beach Township$2,399,000
New ActiveNJOC201563013 Cleveland AveLong Beach Township$2,399,000
New ActiveNJOC20176481210 Long Beach Blvd Unit BLong Beach Township$2,149,000
Back to ActiveNJOC20139685614 Holly AveHarvey Cedars$2,799,000
Back to ActiveNJOC20151387 PershingLong Beach Township$1,450,999
Price DecreaseNJOC2017220215 8th StBeach Haven$1,250,000
Price DecreaseNJOC2016642110 W 18th StLong Beach Township$1,600,000
Price DecreaseNJOC2017084102 E Weldon PlLong Beach Township$2,295,000
Price DecreaseNJOC2016960116 E Maryland AveLong Beach Township$999,000
Price DecreaseNJOC2015816214 2nd St EBeach Haven$3,250,000
Active Under ContractNJOC201723419 Buckingham AveHarvey Cedars$1,349,000
Active Under ContractNJOC2015334108, 110 N Bay AveBeach Haven$1,598,000
PendingNJOC2014932321 Centre StBeach Haven$1,199,000
PendingNJOC2016184103 Roxie #WEST UNITLong Beach Township$1,595,000
ClosedNJOC20105746 N 23rd StSurf City$3,700,000
ClosedNJOC201653632 W IndianaLong Beach Township$1,102,000
ClosedNJOC201493010 E KirklandLong Beach Township$1,390,000
ClosedNJOC20139282200 N Long Beach BlvdSurf City$1,450,000
ClosedNJOC20176621027-C Long BeachLong Beach Township$8,950,000
WithdrawnNJOC201625247 N 24th StreetSurf City$1,399,000
WithdrawnNJOC20126723200 Long Beach BlvdLong Beach Township$1,399,000
WithdrawnNJOC20153481210 Long Beach Blvd. Unit DLong Beach Township$2,149,000
WithdrawnNJOC20085002 W ClevelandLong Beach Township$6,499,000
CanceledNJOC2016432310 S 1st StSurf City$1,199,999
CanceledNJOC20127369 Windward RdLong Beach Township$3,495,000
ExpiredNJOC20148108211 Long Beach BlvdLong Beach Township$1,349,000
ExpiredNJOC20126942 TennesseeLong Beach Township$2,499,999

LBI New Jersey Real Estate Sales Analysis

There were far more new listings this week than there were pending sales, but with inventory levels still so low, it is easy to understand why we do not see more homes selling. There is simply not enough to go around, and many of the homes listed for sale have been on the market for some time. When a new listing comes up and is priced correctly, it sells in a matter of days or weeks at the most! There are 131 active listings in the MLS this week and 55 pending sales. This has been the ratio for some time now, and it seems to be a good balance for the LBI real estate market. For more information about buying, selling or investing in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 04/09/2023-04/16/2023 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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Understanding Common LBI Real Estate Terms

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LBI Real Estate Spring Seller’s Market 2023

Buying a Smaller Home in the LBI Real Estate Market