LBI Real Estate Weekly Sales Update 04/30/2023-05/07/2023

LBI Real Estate Weekly Sales Update 04/30/2023-05/07/2023

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 04/30/2023-05/07/2023

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 04/30/2023-05/07/2023: There were 41 changes to the Long Beach Island real estate market this week, making it a rather busy week on LBI. The activity was once again balanced between new listings and pending sales. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 13 new listings entered the market with an average price of $3,302,646
  • 10 listings went under contract with an average listing price of about $1,524,600
  • 3 properties sold on Long Beach Island with an average price of $1,605,000
  • 6 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 04/30/2023-05/07/2023

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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
Coming SoonNJOC20183061817 N Ocean AveSurf City$4,299,000
New ActiveNJOC20182667403 Long Beach BlvdHarvey Cedars$1,100,000
New ActiveNJOC20181141001 Ocean Ave #1003Ship Bottom$1,125,000
New ActiveNJOC20180282 E 69th StHarvey Cedars$1,750,000
New ActiveNJOC2018256101 1st St NSurf City$2,049,000
New ActiveNJOC2017112317 N 13th StSurf City$2,049,900
New ActiveNJOC20181541016-C Long BeachLong Beach Township$2,225,000
New ActiveNJOC201788614 W 3rd StBarnegat Light$2,475,000
New ActiveNJOC201795612-A E Essex AveHarvey Cedars$2,995,000
New ActiveNJOC201817014 W 74th StHarvey Cedars$2,997,500
New ActiveNJOC2015126132-D Long Beach BoulevardLong Beach Township$4,395,000
New ActiveNJOC201820812213 Ocean AveLong Beach Township$5,499,000
New ActiveNJOC201829019-B Long Beach BlvdLong Beach Township$9,975,000
Price DecreaseNJOC2018084310 S West Ave #D-1Beach Haven$799,900
Price DecreaseNJOC20157265300 West AveLong Beach Township$1,550,000
Price DecreaseNJOC20160961078-F Long Beach BlvdLong Beach Township$1,595,000
Price DecreaseNJOC20160541096-C Long BeachLong Beach Township$1,698,000
Price DecreaseNJOC2016652210 E 23rd StLong Beach Township$2,620,000
Price DecreaseNJOC201748059 Holly DrLong Beach Township$2,995,000
Active Under ContractNJOC2016562324 N 2nd StSurf City$1,299,000
Active Under ContractNJOC20167781032-A Long Beach BlvdLong Beach Township$1,350,000
Active Under ContractNJOC20179441609 W West AveBeach Haven$1,395,000
Active Under ContractNJOC201795013 S Central AveSurf City$1,549,000
Active Under ContractNJOC201687633 Hideaway DriveLong Beach Township$1,979,000
PendingNJOC2017758514 Engleside Ave #ABeach Haven$530,000
PendingNJOC2017378601 N Delaware Ave #13Beach Haven$750,000
PendingNJOC20122261 Cox AveHarvey Cedars$1,100,000
PendingNJOC201347822 E 10th StBarnegat Light$2,499,000
PendingNJOC20159321 E 69th StHarvey Cedars$2,795,000
ClosedNJOC2015640405 Central AveShip Bottom$790,000
ClosedNJOC2016770127 E 18th StShip Bottom$1,875,000
ClosedNJOC2013568146-C Long BeachLong Beach Township$2,150,000
Temporary Off MarketNJOC20157386107 Ocean BlvdLong Beach Township$2,595,000
Temporary Off MarketNJOC20163266109 Ocean BlvdLong Beach Township$2,670,000
WithdrawnNJOC201787010 Cox AveHarvey Cedars$1,349,000
WithdrawnNJOC2015800101 N 1st StreetSurf City$2,199,000
ExpiredNJOC2013686111 E Dune LnLong Beach Township$6,000
ExpiredNJOC201583225 ColoradoLong Beach Township$1,199,999
ExpiredNJOC201339614 W 74th StHarvey Cedars$2,997,500
ExpiredNJOC201578612213 Ocean AveLong Beach Township$5,499,000
ExpiredNJOC20085002 W ClevelandLong Beach Township$6,499,000

LBI New Jersey Real Estate Sales Analysis

The LBI real estate market showed strong activity this week. The average price of a new listing was over $3,000,000, but that number is somewhat inflated by 3 new listings over $4,000,000 (one of which was nearly $10,000,000)! There were 10 pending sales, which means that more than 1 house a day is selling on LBI. This is good activity in the low inventory environment we are still dealing with, and shows that buyer confidence remains high in the Long Beach Island NJ real estate market. There are 127 active listings in the MLS this week and 56 pending sales. 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 04/30/2023-05/07/2023 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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