LBI Real Estate Weekly Sales Update 1/1/2023-1/8/2023

LBI Real Estate Weekly Sales Update 1/1/2023-1/8/2023

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/1/2023-1/8/2023

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 1/1/2023-1/8/2023: The LBI real estate saw strong activity for the first week of 2023! There were a total of 41 changes to the MLS this past week. Pending sales made up a small percentage of this, but that is not uncommon for the first couple of weeks of January. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 19new listings entered the market with an average price of $2,100,222 (not some of these new listings are old listings that expired after the first of the new year)
  • 3 listings went under contract with an average listing price of about $1,766,667
  • 8 properties sold on Long Beach Island with an average price of $1,596,875
  • 3 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 1/1/2023-1/8/2023

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 #AddressCityAreaPrice
Coming SoonNJOC201536410 W Joan RdLong Beach TownshipLBI$1,550,000
Coming SoonNJOC2015718281 RivieraLong Beach TownshipLBI$3,239,000
New ActiveNJOC2015640405 Central AveShip BottomLBI$780,000
New ActiveNJOC2015568102 W 26th StShip BottomLBI$945,000
New ActiveNJOC20155808901 Long Beach BoulevardLong Beach TownshipLBI$1,099,000
New ActiveNJOC2015598251 N 10th StSurf CityLBI$1,299,000
New ActiveNJOC2015712248 W 10th StShip BottomLBI$2,195,000
New ActiveNJOC20155665-W S 32ndLong Beach TownshipLBI$3,795,000
New ActiveNJOC2015596127-C Long Beach BlvdLong Beach TownshipLBI$4,000,000
Back to ActiveNJOC2014780208 W 20th StShip BottomLBI$1,200,000
Back to ActiveNJOC2010964101 Starr AveLong Beach TownshipLBI$1,749,000
Back to ActiveNJOC20135761034-B Long Beach Blvd. Long Beach TwpLong Beach TownshipLBI$1,795,000
Back to ActiveNJOC2014716138-A Long Beach BoulevardLong Beach TownshipLBI$2,200,000
Back to ActiveNJOC2010966109 E Surf AveLong Beach TownshipLBI$3,999,999
Price DecreaseNJOC2014682130 Taylor AveBeach HavenLBI$1,399,000
Price DecreaseNJOC201467883 W Tebco #DLong Beach TownshipLBI$2,049,000
Price DecreaseNJOC201467483 W Tebco #CLong Beach TownshipLBI$2,049,000
PendingNJOC201422418 E 20th StreetLong Beach TownshipLBI$1,100,000
PendingNJOC20154601403 N Long Beach BlvdSurf CityLBI$2,100,000
PendingNJOC20152701403 N Long Beach BlvdSurf CityLBI$2,100,000
ClosedNJOC20140861220 Central AveShip BottomLBI$980,000
ClosedNJOC201445812 Alexis PlLong Beach TownshipLBI$999,999
ClosedNJOC2013656324 2nd StBeach HavenLBI$1,150,000
ClosedNJOC20141063 W PauldingLong Beach TownshipLBI$1,165,000
ClosedNJOC20130181905 BayLong Beach TownshipLBI$1,250,000
ClosedNJOC2009816325 Iroquois AveBeach HavenLBI$1,800,000
ClosedNJOC20134981817 Ocean AveShip BottomLBI$1,880,000
ClosedNJOC20032801214 AtlanticLong Beach TownshipLBI$3,550,000
Temporary Off MarketNJOC201479417 E 29thLong Beach TownshipLBI$1,199,000
Temporary Off MarketNJOC201469617 E 29thLong Beach TownshipLBI$1,199,000
Temporary Off MarketNJOC2003640275 W 27th StShip BottomLBI$2,549,000
Temporary Off MarketNJOC20118106715 Ocean BlvdLong Beach TownshipLBI$7,995,000
WithdrawnNJOC2012412505 Dock Rd #EAST SIDEBeach HavenLBI$2,500
WithdrawnNJOC2014034237 W 7th StShip BottomLBI$769,000
WithdrawnNJOC2013578150 DelawareLong Beach TownshipLBI$2,395,000
WithdrawnNJOC2013564150 DelawareLong Beach TownshipLBI$2,395,000
WithdrawnNJOC4107821035-A Long Beach #ALong Beach TownshipLBI$3,199,999
CanceledNJOC201445612 Alexis PlLong Beach TownshipLBI$1,049,000
ExpiredNJOC20115466606 Ocean Blvd.Long Beach TownshipLBI$1,899,000
ExpiredNJOC201154227 E 67th StLong Beach TownshipLBI$1,999,000
ExpiredNJOC20095842400 N Long Beach BlvdSurf CityLBI$2,199,000

LBI New Jersey Real Estate Sales Analysis

Overall the activity in the LBI real estate market was about what one would expect. There were a number of withdrawn and expired listings, which hurt the overall inventory level for Long Beach Island, but several of these came back on the market. 2023 looks like we will see a continuation of the end of 2022 with low inventory, more thoughtful buying patterns, but strong overall sales activity. There are 105 active listings in the MLS this week and 69 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 1/1/2023-1/8/2023 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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