LBI Real Estate Weekly Sales Update 08/22/2021-08/29/2021

LBI Real Estate Weekly Sales Update 08/22/2021-08/29/2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 08/22/2021-08/29/2021

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 08/22/2021-08/29/2021: There were a grand total of 61 changes to the Long Beach Island real estate sales market this week. In a reversal of past weeks, there were more pending sales this week than new listings resulting in a net loss of inventory. 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. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 17 new listings entered the market with an average price of $2,239,223
  • 22 listings went under contract with an average listing price of about $1,681,900
  • 6 properties sold on Long Beach Island with an average price of $1,144,000
  • 2 listings were either withdrawn of expired in the LBI real estate market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 08/22/2021-08/29/2021

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 #AddressCityAreaCurrent Price
Coming SoonNJOC20024561615 Central Ave #2AShip BottomLBI$499,900
Coming SoonNJOC2002570130 E 7th StShip BottomLBI$1,499,000
New ActiveNJOC20023888311 Long Beach Blvd #4Long Beach TownshipLBI$549,900
New ActiveNJOC2002352110 W 26th StShip BottomLBI$850,000
New ActiveNJOC2002140262 N 10th StSurf CityLBI$1,100,000
New ActiveNJOC200237816 E Nevada AveLong Beach TownshipLBI$1,299,000
New ActiveNJOC20022524 W 20th StBarnegat LightLBI$1,299,000
New ActiveNJOC20018887 W 29th StBarnegat LightLBI$1,499,000
New ActiveNJOC2002334275 S 2nd StSurf CityLBI$1,599,000
New ActiveNJOC200232838 N 22nd StSurf CityLBI$1,699,000
New ActiveNJOC2002418258 N 4th StSurf CityLBI$1,700,000
New ActiveNJOC20024041 E 31 St SELong Beach TownshipLBI$1,899,000
New ActiveNJOC20025525 W 19th StLong Beach TownshipLBI$2,275,000
New ActiveNJOC20022368 E. BayberryLong Beach TownshipLBI$2,300,000
New ActiveNJOC20023261126-C Long BeachLong Beach TownshipLBI$4,099,999
New ActiveNJOC20026121117 Long Beach BlvdLong Beach TownshipLBI$6,500,000
New ActiveNJOC20023507401 Ocean BlvdLong Beach TownshipLBI$7,399,000
Back to ActiveNJOC40440861 D Long Beach BlvdLong Beach TownshipLBI$7,995,000
Price DecreaseNJOC20019069006 Long Beach Blvd #BLong Beach TownshipLBI$799,000
Price DecreaseNJOC20010563 E SeabreezeLong Beach TownshipLBI$1,249,900
Price DecreaseNJOC20010363 E SeabreezeLong Beach TownshipLBI$1,249,900
Price DecreaseNJOC20017641404 S Bay AveBeach HavenLBI$1,450,000
Price DecreaseNJOC200189037 HideawayLong Beach TownshipLBI$1,549,000
Price DecreaseNJOC200182026 New York WLong Beach TownshipLBI$1,659,000
Price DecreaseNJOC200240825 AndersonLong Beach TownshipLBI$1,795,000
Price DecreaseNJOC20018689 E 27th StBarnegat LightLBI$1,799,000
Price DecreaseNJOC408978112 Shore AveSurf CityLBI$2,199,000
Price DecreaseNJOC2001118120 W Ohio AveLong Beach TownshipLBI$2,295,000
Price DecreaseNJOC2000950162 E Long Beach BoulevardLong Beach TownshipLBI$2,450,000
Price IncreaseNJOC407678310 N Bay AveBeach HavenLBI$929,900
Price IncreaseNJOC200138813510 Atlantic AveLong Beach TownshipLBI$2,295,000
Active Under ContractNJOC2001882101 W 9th St #204Ship BottomLBI$829,000
Active Under ContractNJOC200229410109 HighlandLong Beach TownshipLBI$874,999
Active Under ContractNJOC200243633 W Essex AveHarvey CedarsLBI$899,900
Active Under ContractNJOC2002324216 17th StSurf CityLBI$999,000
Active Under ContractNJOC20019269 W Connecticut AveLong Beach TownshipLBI$999,000
Active Under ContractNJOC200155816 E 31stLong Beach TownshipLBI$1,899,000
Active Under ContractNJOC20005522011 E Bay TerShip BottomLBI$2,595,000
Active Under ContractNJOC410052138 E 15th StShip BottomLBI$3,100,000
PendingNJOC200215627 West Jacqueline Ave Unit ALong Beach TownshipLBI$825,000
PendingNJOC2001406204 Engleside Ave #CBeach HavenLBI$899,000
PendingNJOC2001404204 Engleside Ave #ABeach HavenLBI$949,000
PendingNJOC2000716296 N 4th StSurf CityLBI$949,900
PendingNJOC41046015 Division AveSurf CityLBI$1,299,000
PendingNJOC200224022 JoshuaLong Beach TownshipLBI$1,399,999
PendingNJOC408476107 W McKinleyLong Beach TownshipLBI$1,590,000
PendingNJOC41021423 E 51st StLong Beach TownshipLBI$1,599,000
PendingNJOC20017261096-B Long Beach BlvdLong Beach TownshipLBI$1,600,000
PendingNJOC20017301096-B Long Beach BlvdLong Beach TownshipLBI$1,600,000
PendingNJOC20017001096-B Long Beach BlvdLong Beach TownshipLBI$1,600,000
PendingNJOC200216427 3rd StBeach HavenLBI$1,699,999
PendingNJOC200163236 Lighthouse WayLong Beach TownshipLBI$1,795,000
PendingNJOC406732120 E LouisianaLong Beach TownshipLBI$6,999,999
ClosedNJOC2000366122 E 5th St #BShip BottomLBI$690,000
ClosedNJOC410688701 Barnegat AveShip BottomLBI$815,000
ClosedNJOC410652701 Barnegat AveShip BottomLBI$815,000
ClosedNJOC20018349 E 16th StBarnegat LightLBI$965,000
ClosedNJOC40139411 W Harding AveLong Beach TownshipLBI$1,479,000
ClosedNJOC41074232-B Long BeachLong Beach TownshipLBI$2,100,000
Temporary Off MarketNJOC20007007605 Long Beach BlvdHarvey CedarsLBI$1,299,000
WithdrawnNJOC40849427 W OhioBeach HavenLBI$1,595,000

LBI New Jersey Real Estate Sales Analysis

The average price of a new listing was a bit of a shock this week at over $2,200,000! That said, there were 2 of the 17 listings priced over $6,000,000 which does drive the average up. When these are removed from the equation, the average price of a new listing on LBI was about $1,680,000-far more in line with what we have been seeing. Overall the activity seen in the LBI real estate market follows the trends of the past few weeks with a more balanced 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 08/22/2021-08/29/2021 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

More LBI Real Estate Information:

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COVID Buyer Concerns in the LBI Real Estate Market

There Are Benefits of Buying a Home in the LBI Real Estate Market, Even in This Market

LBI Real Estate Trend Predictions Through the Second Half of 2021

Four Reasons to Sell Your LBI Home in Summer 2021