LBI Real Estate Weekly Sales Update 12/13/2020-12/20/2020

LBI Real Estate Weekly Sales Update 12/13/2020-12/20/2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/13/2020-12/20/2020

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 12/13/2020-12/20/2020: There were a total 66 changes to the Long Beach Island real estate market this week. This represents a significant drop off in transactions compared to past weeks. 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. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 15 new listings entered the market with an average price of $1,151,647
  • 15 listings went under contract with an average listing price of about $1,377,053
  • 27 properties sold on Long Beach Island with an average price of $1,368,404
  • 19 listings were either withdrawn of expired in the LBI real estate market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 12/13/2020-12/20/2020

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 – Decimal
New ActiveNJOC4060002307 N Long Beach BlvdSurf City$674,900
New ActiveNJOC405978700 N Long Beach BlvdSurf City$724,000
New ActiveNJOC405964313 Centre StBeach Haven$769,000
New ActiveNJOC4059744 Sandy Cove LaneLong Beach Township$1,595,000
New ActiveNJOC40595420 Lange AveHarvey Cedars$1,895,000
New ActiveNJOC405982108 E Dune LnLong Beach Township$1,995,000
Back to ActiveNJOC405090333 N 7th StreetSurf City$649,900
Back to ActiveNJOC394474504 Central AveBarnegat Light$825,000
Price DecreaseNJOC40560219 W Jeanette AveLong Beach Township$925,000
Price DecreaseNJOC4053646 E Passaic AveHarvey Cedars$1,579,000
Active Under ContractNJOC405652310 S West Ave S #2GBeach Haven$389,000
Active Under ContractNJOC405910508 Central AveBarnegat Light$849,900
Active Under ContractNJOC4045303 E 16thLong Beach Township$1,125,000
Active Under ContractNJOC4028642-A W Dune LnLong Beach Township$1,179,000
Active Under ContractNJOC3969321605 N Ocean AveSurf City$2,100,000
PendingNJOC40309027 E 25th #C4Long Beach Township$339,000
PendingNJOC4033387700 Long Beach #ALong Beach Township$399,900
PendingNJOC4040325608 Ocean Blvd Unit 4Long Beach Township$449,000
PendingNJOC4038269306 N Susan LnLong Beach Township$799,999
PendingNJOC405766407 B Coral StBeach Haven$929,000
PendingNJOC400270100 W South 33rd StLong Beach Township$999,900
PendingNJOC4026787 E VirginiaLong Beach Township$1,149,000
PendingNJOC405676135 Maryland #2Long Beach Township$1,329,000
PendingNJOC403650135 W Maryland #1Long Beach Township$1,329,000
PendingNJOC405498101 E New York AveLong Beach Township$1,499,000
PendingNJOC405254101 E New York AveLong Beach Township$1,499,000
PendingNJOC4058121016-B Long Beach Blvd #BLong Beach Township$1,849,999
PendingNJOC4043142 CoastLong Beach Township$1,899,000
PendingNJOC4029265301 S Long Beach BlvdLong Beach Township$2,595,000
PendingNJOC4025047213 OceanLong Beach Township$3,590,000
ClosedNJOC401732214 Leeward Ave #ABeach Haven$540,000
ClosedNJOC4042927301 Long Beach #1296 B5Beach Haven$649,000
ClosedNJOC397166510 N Bay Ave #304Beach Haven$709,000
ClosedNJOC397168510 N Bay Ave #306Beach Haven$709,000
ClosedNJOC397180510 N Bay Ave #209Beach Haven$729,000
ClosedNJOC4041385513 Bayview AveLong Beach Township$750,000
ClosedNJOC404364246 W 14th St WShip Bottom$750,000
ClosedNJOC401796329 W Fairview AveBeach Haven$800,000
ClosedNJOC40359210 W Stanton AveLong Beach Township$870,000
ClosedNJOC40348211 Warwick AveHarvey Cedars$905,000
ClosedNJOC404554128 E 13thLong Beach Township$995,000
ClosedNJOC40422446 Amherst RdLong Beach Township$1,099,900
ClosedNJOC40310055 Bayview AveLong Beach Township$1,100,000
ClosedNJOC401518101 E VirginiaLong Beach Township$1,250,000
ClosedNJOC3961762 W JeffreyLong Beach Township$1,335,000
ClosedNJOC3979484 W Roosevelt AveLong Beach Township$1,351,000
ClosedNJOC404456213 Nautilus DrLong Beach Township$1,399,000
ClosedNJOC406028338 W 4th StShip Bottom$1,435,000
ClosedNJOC403288312 W 19th StShip Bottom$1,450,000
ClosedNJOC403600127 W New Jersey AveLong Beach Township$1,500,000
ClosedNJOC404652117 E Cape Cod LnLong Beach Township$1,509,000
ClosedNJOC40295019 E 52ndLong Beach Township$1,700,000
ClosedNJOC13816614 4th StBeach Haven$2,300,000
ClosedNJOC394422111 E LillieLong Beach Township$2,450,000
ClosedNJOC3997841089-B Long Beach Blvd. #BLong Beach Township$2,700,000
ClosedNJOC3948221901 Virginia AveBeach Haven$2,877,000
ClosedNJOC1407824803 S Long Beach BlvdLong Beach Township$3,085,000
Temporary Off MarketNJOC404102312 N 3rd StSurf City$769,000
WithdrawnNJOC405872318 Leeward Ave #BBeach Haven$549,900
WithdrawnNJOC404218429-431 Engleside AveBeach Haven$959,000
WithdrawnNJOC403682429-431 Engleside AveBeach Haven$959,000
WithdrawnNJOC4034444004 OceanLong Beach Township$1,259,000
CanceledNJOC3943882 Lagoon Dr SLong Beach Township$719,000
CanceledNJOC3948201901 Virginia AveBeach Haven$2,999,000
ExpiredNJOC393558123 E 14thLong Beach Township$759,000
ExpiredNJOC39237615 S 2nd StSurf City$1,549,000

LBI New Jersey Real Estate Sales Analysis

Things have clearly slowed down in the LBI real estate market but there is no cause for alarm yet. This time of year is always slow. There is still a large body of evidence to support the strength of the LBI real estate market and this centers around the number of active listings vs pending sales. As you can see from the above data, there were 15 new listings and 15 pending sales. Demand has not waned and we are still seeing the same ratios of new and sold homes as we have seen over the past several months. It is worth noting that an additional 9 homes left the market in addition to the 15 pending sales so there was once again a net loss of inventory. So long as this continues, the market will rise. 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 12/13/2020-12/20/2020 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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