LBI Real Estate Weekly Sales Update 1/22/2023-1/29/2023

LBI Real Estate Weekly Sales Update 1/22/2023-1/29/2023

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/22/2023-1/29/2023

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 1/22/2023-1/29/2023: The Long Beach Island real estate sales market saw only 32 changes this week, and almost half of that was new listings! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $2,963,385
  • 6 listings went under contract with an average listing price of about $1,761,150
  • 5 properties sold on Long Beach Island with an average price of $1,804,600
  • 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 1/22/2023-1/29/2023

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 ActiveNJOC20160521210 Long Beach, Unit ALong Beach Township$399,000
New ActiveNJOC20160682420 Long Beach BlvdShip Bottom$1,199,000
New ActiveNJOC2015986205 5th StBeach Haven$1,450,000
New ActiveNJOC2016012340 Kentford AveBeach Haven$1,599,000
New ActiveNJOC20160541096-C Long BeachLong Beach Township$1,849,000
New ActiveNJOC2015988301 N 4th StSurf City$1,899,000
New ActiveNJOC201594033 W 87thLong Beach Township$2,500,000
New ActiveNJOC201596027 E 37thLong Beach Township$2,849,999
New ActiveNJOC201595251 N 21st StSurf City$2,895,000
New ActiveNJOC201606622 S 1st StSurf City$3,495,000
New ActiveNJOC20160642803 Long Beach Boulevard SBeach Haven$4,995,000
New ActiveNJOC2015600209 E South 33rd StLong Beach Township$5,399,000
New ActiveNJOC20157406715 Ocean BlvdLong Beach Township$7,995,000
Back to ActiveNJOC201549220 Amber St #E11Beach Haven$469,000
Price DecreaseNJOC2014856218 Coral St #1Beach Haven$1,175,000
Price DecreaseNJOC2014854218 Coral St #1Beach Haven$1,175,000
Price DecreaseNJOC20151387 PershingLong Beach Township$1,450,999
Active Under ContractNJOC2013694100-W PennsylvaniaLong Beach Township$1,399,000
Active Under ContractNJOC20144001918 N Long Beach BlvdSurf City$1,595,000
PendingNJOC20136601808 S Bay AveBeach Haven$1,375,000
PendingNJOC20144961 W JoshuaLong Beach Township$1,549,000
PendingNJOC201550812 N 12th StSurf City$1,849,000
PendingNJOC20124642 E 83rd StHarvey Cedars$2,799,900
ClosedNJOC2009732102 W Roosevelt Ave. Roosevelt #28Long Beach Township$41,000
ClosedNJOC201462812 E 78th St #7Harvey Cedars$132,000
ClosedNJOC2012042169-B Long Beach BlvdLong Beach Township$1,500,000
ClosedNJOC20115321915 Long Beach BlvdShip Bottom$1,750,000
ClosedNJOC20139966703 Ocean BlvdLong Beach Township$5,600,000
CanceledNJOC20151301210 Long Beach Blvd #UNIT ALong Beach Township$399,000
CanceledNJOC201432025 E 49thLong Beach Township$1,999,000
CanceledNJOC201279651 N 21st StSurf City$2,895,000
CanceledNJOC20118106715 Ocean BlvdLong Beach Township$7,995,000

LBI New Jersey Real Estate Sales Analysis

Even though there were roughly twice as many new listings as pending sales this week, inventory continues to be a major issue. There are only about 108 active single-family home listings in the MLS this week and 69 pending sales. New inventory continues to be absorbed quickly, and this results in little overall gain to the market. Buyers are active and looking for a home on Long Beach Island! 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 1/22/2023-1/29/2023 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

More LBI Real Estate Information:

Waiting to Sell in the LBI Real Estate Market

LBI Real Estate Market FHA Mortgages

LBI Real Estate Affordability Factors