LBI Real Estate Weekly Sales Update 11/1/2021-11/7/2021

LBI Real Estate Weekly Sales Update 11/1/2021-11/7/2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/1/2021-11/7/2021

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 11/1/2021-11/7/2021: While overall activity was less this week, the number of new listings to enter the market was much higher! 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. It is good news for buyers in that there was a net increase in the inventory levels. This is the first time in weeks this has been the case! You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 22 new listings entered the market with an average price of $1,902,745
  • 15 listings went under contract with an average listing price of about $1,709,860
  • 17 properties sold on Long Beach Island with an average price of $1,421,176
  • 7 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 11/1/2021-11/7/2021

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 – Decimal
Coming SoonNJOC200442610 N 2nd StSurf CityLBI$3,595,000
New ActiveNJOC2004450111 W 18th St #2Ship BottomLBI$409,000
New ActiveNJOC2004422111 W 18th StShip BottomLBI$409,000
New ActiveNJOC20043062020 E Long Beach Blvd #C-2Ship BottomLBI$499,000
New ActiveNJOC20012041412 Long Beach #ALong Beach TownshipLBI$550,000
New ActiveNJOC20041681412 Long Beach #BLong Beach TownshipLBI$575,000
New ActiveNJOC2004418310 W West Ave #2JBeach HavenLBI$750,000
New ActiveNJOC200429228 W JacquelineLong Beach TownshipLBI$879,000
New ActiveNJOC2004342245 S 2nd StSurf CityLBI$939,000
New ActiveNJOC200438815 W 16thLong Beach TownshipLBI$949,500
New ActiveNJOC200437257 AuburnLong Beach TownshipLBI$1,099,900
New ActiveNJOC2004354134 W MarylandLong Beach TownshipLBI$1,300,000
New ActiveNJOC200421472 Auburn RdLong Beach TownshipLBI$1,495,000
New ActiveNJOC2004314218 Stratford AveBeach HavenLBI$1,799,000
New ActiveNJOC20043209 W Holgate AveLong Beach TownshipLBI$2,099,000
New ActiveNJOC20043247 & 9 W 29th StBarnegat LightLBI$2,199,000
New ActiveNJOC2004344386 N 5th StSurf CityLBI$2,316,000
New ActiveNJOC200430284 W CaliforniaLong Beach TownshipLBI$3,000,000
New ActiveNJOC200429684 W CaliforniaLong Beach TownshipLBI$3,000,000
New ActiveNJOC20044125308-G Long Beach BlvdHarvey CedarsLBI$3,499,000
New ActiveNJOC20043946808 Suffolk PlHarvey CedarsLBI$3,499,999
New ActiveNJOC2003864131-C Long Beach BlvdLong Beach TownshipLBI$6,999,000
Back to ActiveNJOC20010563 E SeabreezeLong Beach TownshipLBI$1,224,900
Back to ActiveNJOC20010363 E SeabreezeLong Beach TownshipLBI$1,224,900
Back to ActiveNJOC20030281118-B Long Beach #BLong Beach TownshipLBI$1,649,000
Price DecreaseNJOC408802510 N Bay Ave #104Beach HavenLBI$279,000
Price DecreaseNJOC20039828 W Jacqueline AveLong Beach TownshipLBI$865,000
Price DecreaseNJOC2004132230 Fairview AveBeach HavenLBI$1,199,000
Price DecreaseNJOC2002334275 S 2nd StSurf CityLBI$1,399,000
Price DecreaseNJOC20000711313 S Bay AvenueBeach HavenLBI$1,450,000
Price DecreaseNJOC20029563205 OceanLong Beach TownshipLBI$2,349,000
Price DecreaseNJOC4094203205 Ocean BlvdLong Beach TownshipLBI$3,449,000
Active Under ContractNJOC401908208 N Bay AveBeach HavenLBI$869,000
Active Under ContractNJOC200013917 WashingtonLong Beach TownshipLBI$949,900
Active Under ContractNJOC4104105 W S 32ndLong Beach TownshipLBI$1,999,000
Active Under ContractNJOC408488126 E TexasLong Beach TownshipLBI$3,849,999
PendingNJOC20043122020 E Long Beach Blvd #C-1Ship BottomLBI$499,000
PendingNJOC2000087510 N Bay Ave #202Beach HavenLBI$899,000
PendingNJOC2003544217 N 10th StSurf CityLBI$899,000
PendingNJOC20028582 W JeanetteLong Beach TownshipLBI$1,195,000
PendingNJOC200341622 NevadaLong Beach TownshipLBI$1,199,000
PendingNJOC2003026342 N 2nd StSurf CityLBI$1,250,000
PendingNJOC20030606 W Mears Avenue WLong Beach TownshipLBI$1,350,000
PendingNJOC200021213015 BayviewLong Beach TownshipLBI$1,599,000
PendingNJOC4101625205 West AveLong Beach TownshipLBI$2,495,000
PendingNJOC20021182117 Ocean TerShip BottomLBI$2,600,000
PendingNJOC20036703405 S Long BeachLong Beach TownshipLBI$3,995,000
ClosedNJOC20002151000 N Bay Ave #18Beach HavenLBI$2,000
ClosedNJOC2001562514 Engleside Ave #DBeach HavenLBI$420,000
ClosedNJOC407678310 N Bay AveBeach HavenLBI$925,000
ClosedNJOC20012741201 S Bay AveBeach HavenLBI$999,000
ClosedNJOC41032820 Buckingham AveHarvey CedarsLBI$1,070,000
ClosedNJOC2002246408 N Atlantic AveBeach HavenLBI$1,100,000
ClosedNJOC20022524 W 20th StBarnegat LightLBI$1,200,000
ClosedNJOC200436028 E 25th StreetLong Beach TownshipLBI$1,250,000
ClosedNJOC200083222 E TexasLong Beach TownshipLBI$1,400,000
ClosedNJOC20017001096-B Long Beach BlvdLong Beach TownshipLBI$1,410,000
ClosedNJOC2002570130 E 7th StShip BottomLBI$1,499,000
ClosedNJOC40139813 W HardingLong Beach TownshipLBI$1,525,000
ClosedNJOC200232838 N 22nd StSurf CityLBI$1,660,000
ClosedNJOC200216427 3rd StBeach HavenLBI$1,700,000
ClosedNJOC20018689 E 27th StBarnegat LightLBI$1,725,000
ClosedNJOC2003358131 5th StBeach HavenLBI$2,150,000
ClosedNJOC2002638116 E 11th StShip BottomLBI$4,125,000
Temporary Off MarketNJOC2004070119 Dolphin AveBeach HavenLBI$2,589,000
WithdrawnNJOC4104625 W 38th #U2Long Beach TownshipLBI$719,000
WithdrawnNJOC20017301096-B Long Beach BlvdLong Beach TownshipLBI$1,600,000
WithdrawnNJOC20017261096-B Long Beach BlvdLong Beach TownshipLBI$1,600,000
ExpiredNJOC4092825 E Louisiana AveLong Beach TownshipLBI$1,195,000
ExpiredNJOC3957928701 Long Beach BoulevardLong Beach TownshipLBI$1,350,000
ExpiredNJOC4098082 E 5th StBarnegat LightLBI$1,499,000
ExpiredNJOC2002114117 N 1st StSurf CityLBI$1,799,000
ExpiredNJOC200171211 E So. 31st StLong Beach TownshipLBI$1,849,000

LBI New Jersey Real Estate Sales Analysis

It was great to see some more inventory enter the market this week. While the gains are limited, the number of homes for sale on LBI is currently at a higher point than we have seen in a long time. That said, There are 189 active listings in the MLS this week and 150 pending sales so the market is at best, balanced. There were 7 price drops this week which has been about the norm, but still higher than we saw a few months ago so it could be a sign that the market pricing has reached a peak, at least for now. 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 11/1/2021-11/7/2021 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:

Pending Sales vs. Active Under Contract Sales in the LBI Real Estate Market

Preparing for Appraisal Gaps in LBI NJ Real Estate Market

Preparing for Appraisal Gaps in LBI NJ Real Estate Market