LBI Real Estate Weekly Sales Update 11/20/2022-11/27/2022

LBI Real Estate Weekly Sales Update 11/20/2022-11/27/2022

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/20/2022-11/27/2022

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 11/20/2022-11/27/2022: There were 50 changes to the Long Beach Island real estate market this week, and almost a third of that activity was in the form of pending sales! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 9 new listings entered the market with an average price of $1,229,111
  • 16 listings went under contract with an average listing price of about $1,855,744
  • 9 properties sold on Long Beach Island with an average price of $1,910,500
  • 4 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 11/20/2022-11/27/2022

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 SoonNJOC2015014119 E 19th StShip BottomLBI$2,995,000
New ActiveNJOC2014900909 N. Bay Avenue #FLOOR 1Beach HavenLBI$99,000
New ActiveNJOC2014966310 W West Ave #K-3Beach HavenLBI$719,000
New ActiveNJOC2014978110 E 23rd StShip BottomLBI$899,000
New ActiveNJOC20149641504 Long BeachLong Beach TownshipLBI$1,099,999
New ActiveNJOC2014932321 Centre StBeach HavenLBI$1,250,000
New ActiveNJOC2014856218 Coral St #1Beach HavenLBI$1,250,000
New ActiveNJOC2014854218 Coral St #1Beach HavenLBI$1,250,000
New ActiveNJOC201493010 E KirklandLong Beach TownshipLBI$1,500,000
Back to ActiveNJOC201469617 E 29thLong Beach TownshipLBI$1,199,000
Back to ActiveNJOC201479417 E 29thLong Beach TownshipLBI$1,199,000
Price DecreaseNJOC201076212900 Long Beach BlvdBeach HavenLBI$25.00
Price DecreaseNJOC20126942 TennesseeLong Beach TownshipLBI$2,699,999
Price DecreaseNJOC2011966115 E MermaidLong Beach TownshipLBI$2,799,900
Price DecreaseNJOC201320413 E Middlesex AveHarvey CedarsLBI$2,850,000
Active Under ContractNJOC20142442807 Long Beach BlvdLong Beach TownshipLBI$999,000
Active Under ContractNJOC20142502807 Long Beach BlvdLong Beach TownshipLBI$999,000
Active Under ContractNJOC20142282807 Long Beach BlvdLong Beach TownshipLBI$999,000
Active Under ContractNJOC20140861220 Central AveShip BottomLBI$999,000
Active Under ContractNJOC201422418 E 20th StreetLong Beach TownshipLBI$1,100,000
Active Under ContractNJOC2011634170-I Sea Pine DriveLong Beach TownshipLBI$1,695,000
Active Under ContractNJOC2014016114 Amber StBeach HavenLBI$2,425,000
Active Under ContractNJOC2013312105 W Kimberly AveLong Beach TownshipLBI$2,995,000
PendingNJOC2013908205 W 27th StShip BottomLBI$975,900
PendingNJOC20119482214 Beach AvenueLong Beach TownshipLBI$1,365,000
PendingNJOC2014718604 N Atlantic AveBeach HavenLBI$1,449,000
PendingNJOC2014654604 N Atlantic AveBeach HavenLBI$1,449,000
PendingNJOC201241619 20thLong Beach TownshipLBI$1,449,000
PendingNJOC201437229 N 13th StreetSurf CityLBI$1,699,000
PendingNJOC201387229 N 13th StreetSurf CityLBI$3,299,000
PendingNJOC20139966703 Ocean BlvdLong Beach TownshipLBI$5,795,000
ClosedNJOC2012388901 Ocean Front Ave #927Ship BottomLBI$900,000
ClosedNJOC201090617 W Beck AveLong Beach TownshipLBI$950,000
ClosedNJOC2013752203 18thLong Beach TownshipLBI$1,420,000
ClosedNJOC201088817 MagnoliaLong Beach TownshipLBI$1,850,000
ClosedNJOC200382626 W Old WhalingLong Beach TownshipLBI$1,850,000
ClosedNJOC20120085211 Long BeachLong Beach TownshipLBI$2,100,000
ClosedNJOC20136706805 Kent PlHarvey CedarsLBI$2,395,000
ClosedNJOC20096845 E 85th StHarvey CedarsLBI$2,400,000
ClosedNJOC2009090134 Belvoir AveBeach HavenLBI$2,590,000
ClosedNJOC20125228 7th StBeach HavenLBI$2,650,000
WithdrawnNJOC201437625 N 13th StreetSurf CityLBI$1,799,000
WithdrawnNJOC201326614 E 44thLong Beach TownshipLBI$2,299,000
CanceledNJOC2013484310 W West Ave #K-3Beach HavenLBI$729,000
ExpiredNJOC20134764010 Long Beach BlvdLong Beach TownshipLBI$1,300.00
ExpiredNJOC2013538111 E Dune LnLong Beach TownshipLBI$10,000
ExpiredNJOC2009462116 N 4th StSurf CityLBI$1,460,000
ExpiredNJOC20102506 RosemmaLong Beach TownshipLBI$1,749,000
ExpiredNJOC2010024608 S Atlantic AveBeach HavenLBI$2,399,999
ExpiredNJOC2010760813 N Ocean AveSurf CityLBI$3,899,900

LBI New Jersey Real Estate Sales Analysis and Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/20/2022-11/27/2022

There were roughly twice as many pending sales this week as there were new listings. This marks the second week in a row where pending sales outpaced the number of new homes coming on the market. While interest rates do have an impact, and perhaps the recent drop in rates has inspired some buyers to come back to the market, it is clear that the LBI real estate market is holding its ground very well in this ever changing times. There are 134 active listings in the MLS this week and 70 pending sales. This is a significant drop in inventory. 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 11/20/2022-11/27/2022 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:

LBI Real Estate Market Homeowner Equity

LBI Real Estate Buyer Conditions Improve

Waiting to Sell in the LBI Real Estate Market

Viewpoint in the LBI Real Estate Market Matters

LBI Real Estate Affordability Factors