LBI Real Estate Weekly Sales Update 1/29/2023-2/5/2023

LBI Real Estate Weekly Sales Update 1/29/2023-2/5/2023

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/29/2023-2/5/2023

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 1/29/2023-2/5/2023: This past week say 41 changes to the Long Beach Island real estate sales market, which has been a fairly consistent rate of activity over the past year or so. The activity was mostly balanced. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,970,377
  • 11 listings went under contract with an average listing price of about $1,591,773
  • 5 properties sold on Long Beach Island with an average price of $1,685,000
  • 1 listings saw price a reduction 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 1/29/2023-2/5/2023

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 #AddressCityAreaCurrent Price 
Coming SoonNJOC2016184103 Roxie #WEST UNITLong Beach TownshipLBI$1,650,000
Coming SoonNJOC201620810 Shore RdSurf CityLBI$2,300,000
Coming SoonNJOC201618017 N 12th StSurf CityLBI$2,950,000
New ActiveNJOC20161961210 Long Beach, Unit BLong Beach TownshipLBI$399,000
New ActiveNJOC2016016212 Pelham Ave #2Beach HavenLBI$849,900
New ActiveNJOC201611411 E Bay Berry DrLong Beach TownshipLBI$1,250,000
New ActiveNJOC201601412 N Barnegat AveSurf CityLBI$1,399,000
New ActiveNJOC2016202603 BroadwayBarnegat LightLBI$1,599,000
New ActiveNJOC2016144340 Kentford AveBeach HavenLBI$1,599,000
New ActiveNJOC20160961078-F Long Beach BlvdLong Beach TownshipLBI$1,775,000
New ActiveNJOC20160503805 Long Beach BlvdLong Beach TownshipLBI$1,899,000
New ActiveNJOC20161566 W 20th StBarnegat LightLBI$2,450,000
New ActiveNJOC2016160169-B Long Beach BlvdLong Beach TownshipLBI$5,495,000
Back to ActiveNJOC20135043 Bay Shore RdLong Beach TownshipLBI$990,000
Price DecreaseNJOC2014932321 Centre StBeach HavenLBI$1,199,000
PendingNJOC2015568102 W 26th StShip BottomLBI$945,000
PendingNJOC201436422 SW 33rdLong Beach TownshipLBI$949,000
PendingNJOC2013566106 E 24th StLong Beach TownshipLBI$1,099,000
PendingNJOC20145569323 Mark DrLong Beach TownshipLBI$1,198,500
PendingNJOC20126723200 Long Beach BlvdLong Beach TownshipLBI$1,399,000
PendingNJOC20136721501 Long BeachLong Beach TownshipLBI$1,400,000
PendingNJOC20139282200 N Long Beach BlvdSurf CityLBI$1,495,000
PendingNJOC20144061918 N Long Beach BlvdSurf CityLBI$1,595,000
PendingNJOC2014060116 5th StBeach HavenLBI$1,849,000
PendingNJOC2011522152 Marina Blvd.Long Beach TownshipLBI$1,985,000
PendingNJOC20152189 W Cumberland AveHarvey CedarsLBI$3,595,000
ClosedNJOC2013950319 S 3rd StSurf CityLBI$1,100,000
ClosedNJOC200902445 N 15th StSurf CityLBI$1,425,000
ClosedNJOC20144829313 SusanLong Beach TownshipLBI$1,500,000
ClosedNJOC20152701403 N Long Beach BlvdSurf CityLBI$2,100,000
ClosedNJOC2014016114 Amber StBeach HavenLBI$2,300,000
WithdrawnNJOC2015226340 Kentford AveBeach HavenLBI$1,599,000
CanceledNJOC20154601403 N Long Beach BlvdSurf CityLBI$2,100,000
ExpiredNJOC2011288605 BroadwayBarnegat LightLBI$1,495,000
ExpiredNJOC2011290605 BroadwayBarnegat LightLBI$1,495,000
ExpiredNJOC2012170319 W 8th StShip BottomLBI$1,500,000
ExpiredNJOC201449825 E 49thLong Beach TownshipLBI$1,999,000
ExpiredNJOC2011654102 N 2nd StreetSurf CityLBI$1,999,000
ExpiredNJOC2009582101 N 1st StreetSurf CityLBI$2,050,000
ExpiredNJOC201361010 11th StBeach HavenLBI$4,595,000
ExpiredNJOC200341027 Long Beach Blvd.Long Beach TownshipLBI$13,850,000

LBI New Jersey Real Estate Sales Analysis

As mentioned above, the activity this week was fairly balanced. While there was a slight increase in the number of homes for sale in the LBI real estate market, with 13 new listings and 11 pending sales, it is clear that buyers are willing to absorb the inventory as it comes up in the market. Buyer confidence remains strong and the lack of inventory remains the single biggest challenge to home sales on Long Beach Island. There are 115 active listings in the MLS this week and 66 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 1/29/2023-2/5/2023 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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