LBI Real Estate Weekly Sales Update 12/6/2020-12/13/2020

LBI Real Estate Weekly Sales Update 12/6/2020-12/13/2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/6/2020-12/13/2020

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 12/6/2020-12/13/2020: Overall market activity dropped off considerably this week to levels not seen since the start of COVID-19. There were a total of 79 changes to the MLS which is more or less “normal” for Long Beach Island. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 13 new listings entered the market with an average price of $2,042,223 (driven higher by 2 new oceanfront listings, one of which is $9,000,000!)
  • 25 listings went under contract with an average listing price of about $1,256,431
  • 18 properties sold on Long Beach Island with an average price of $849,967
  • 8 listings were either withdrawn of expired in the LBI real estate market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 12/6/2020-12/13/2020

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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
Coming SoonNJOC405818123 Mariners LnLong Beach Township$4,295,000
New ActiveNJOC405872318 Leeward Ave #BBeach Haven$549,900
New ActiveNJOC405888300 W 18th StShip Bottom$765,000
New ActiveNJOC40579012 NevadaLong Beach Township$849,000
New ActiveNJOC405908115 S 3rd StSurf City$879,000
New ActiveNJOC4057941305 Long Beach Blvd N Long Beach BlvdLong Beach Township$895,000
New ActiveNJOC4053661 Cedars AveHarvey Cedars$1,275,000
New ActiveNJOC4058261214 N Atlantic AveLong Beach Township$1,399,000
New ActiveNJOC405792217 Nautilus DrLong Beach Township$1,399,000
New ActiveNJOC4058428 85thLong Beach Township$1,499,000
New ActiveNJOC4058121016-B Long Beach Blvd #BLong Beach Township$1,849,999
New ActiveNJOC40593428 Kinsey LnHarvey Cedars$1,895,000
New ActiveNJOC40588645-D Long Beach BlvdLong Beach Township$8,999,000
Back to ActiveNJOC4010963205 Ocean #7Long Beach Township$109,000
Back to ActiveNJOC4042221905 Pennsylvania AveShip Bottom$389,900
Back to ActiveNJOC40313613502 GardenLong Beach Township$1,550,000
Back to ActiveNJOC405328117 E 20th StShip Bottom$1,699,000
Price DecreaseNJOC399960102 W Roosevelt Ave #10Long Beach Township$31,500
Price DecreaseNJOC4042561402 Bayview AveBarnegat Light$745,000
Price DecreaseNJOC40282612 E 27thLong Beach Township$860,000
Price DecreaseNJOC40560219 W Jeanette AveLong Beach Township$949,000
Price DecreaseNJOC403518126 E 7th StShip Bottom$1,049,000
Price DecreaseNJOC404060142 E Maryland AveLong Beach Township$1,895,000
Price DecreaseNJOC40396013 E Essex AveHarvey Cedars$2,695,000
Price IncreaseNJOC4057981810 Central Ave #6Ship Bottom$439,500
Price IncreaseNJOC397172510 N Bay Ave #308Beach Haven$729,000
Price IncreaseNJOC397182510 N Bay Ave #309Beach Haven$749,000
Price IncreaseNJOC40024828 38thLong Beach Township$959,500
Active Under ContractNJOC40461215 W 14th StLong Beach Township$699,900
Active Under ContractNJOC405634249 N 8th StSurf City$1,229,000
Active Under ContractNJOC405482327 Holyoke AveBeach Haven$1,475,000
Active Under ContractNJOC40136416 E 80th StHarvey Cedars$1,599,000
Active Under ContractNJOC4052903901 OceanLong Beach Township$1,899,000
Active Under ContractNJOC405636211 Holyoke AveBeach Haven$1,995,000
PendingNJOC40354017 W 76th Unit 4 St #4Harvey Cedars$145,500
PendingNJOC404704101 Engleside Ave #12Beach Haven$579,999
PendingNJOC405090333 N 7th StreetSurf City$649,900
PendingNJOC397158510 N Bay Ave #307Beach Haven$699,000
PendingNJOC400892107 W Delaware AveLong Beach Township$699,500
PendingNJOC400884107 W Delaware AveLong Beach Township$699,500
PendingNJOC40448041 Adrian RdLong Beach Township$829,000
PendingNJOC40574818 E 27thLong Beach Township$875,000
PendingNJOC3921341508 Long Beach Blvd.Ship Bottom$988,000
PendingNJOC40422446 Amherst RdLong Beach Township$1,099,900
PendingNJOC4026125303-A Long Beach Boulevard BlvdHarvey Cedars$1,249,000
PendingNJOC404538900 S Beach AveBeach Haven$1,390,000
PendingNJOC404230126 E TexasLong Beach Township$1,549,000
PendingNJOC405320217 Norwood AveBeach Haven$1,550,000
PendingNJOC404956113 E New YorkLong Beach Township$1,625,000
PendingNJOC40140611 Buckingham AveHarvey Cedars$1,795,000
PendingNJOC13816614 4th StBeach Haven$2,395,000
PendingNJOC402390125 E NebraskaLong Beach Township$3,400,000
PendingNJOC4043181900 Virginia AveBeach Haven$4,295,000
ClosedNJOC403964107 W 15 StShip Bottom$465,000
ClosedNJOC404450268 17th St WShip Bottom$525,000
ClosedNJOC399636408-410 BroadwayBarnegat Light$560,000
ClosedNJOC394944365 W 8th St #3Ship Bottom$600,000
ClosedNJOC402974407 N Delaware AveBeach Haven$707,500
ClosedNJOC4030102501 Long Beach Blvd #DLong Beach Township$712,000
ClosedNJOC4037288 W Osborn AveLong Beach Township$765,000
ClosedNJOC405110265 N 18th StSurf City$875,000
ClosedNJOC4045401100 N Bay Ave #A10Beach Haven$910,000
ClosedNJOC4038548 W 13th StBarnegat Light$925,000
ClosedNJOC4024249 Colorado AveLong Beach Township$955,000
ClosedNJOC4043721501 BeachLong Beach Township$1,150,000
ClosedNJOC3951542111 Sunset AveSurf City$1,200,000
ClosedNJOC40336434 W Holly DrLong Beach Township$1,275,000
ClosedNJOC39808685-A Long Beach Blvd #ALong Beach Township$1,517,500
ClosedNJOC4039021208 WestBeach Haven$1,695,000
ClosedNJOC400592200 Pelham AveBeach Haven$3,900,000
ClosedNJOC40379813 E 29th StBarnegat Light$3,999,999
WithdrawnNJOC39172411 E New York AveLong Beach Township$825,000
WithdrawnNJOC3992384205 S Long Beach BlvdLong Beach Township$1,329,000
WithdrawnNJOC4044645204 OceanLong Beach Township$1,649,000
WithdrawnNJOC4057223901 OceanLong Beach Township$1,899,000
WithdrawnNJOC397152215 E 14th StLong Beach Township$2,499,000
CanceledNJOC401086300 W 18th StShip Bottom$765,000
CanceledNJOC4042481501 Beach AveLong Beach Township$1,100,000
ExpiredNJOC388560108 E 19th #WESTLong Beach Township$649,999

LBI New Jersey Real Estate Sales Analysis

While activity has dropped off, interest in the LBI real estate market remains VERY high. Personally, I attribute this slowdown to the time of year. The holiday season is always a slower time of year for home sales in the Long Beach Island real estate market. Inventory is still low, demand is still high and interest rates are high incentivizing. Provided these trends remain, the market shows no sign of a slowdown. 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 12/6/2020-12/13/2020 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

More LBI Real Estate Information:

As-Is Sale in the LBI Real Estate Market

LBI Real Estate Comparative Market Analysis (CMA)

Bridge Loans in the Long Beach Island Real Estate Market

Breach of Contract in the LBI Real Estate Market