LBI Real Estate Weekly Sales Update 2/28/2021-3/7/2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 2/28/2021-3/7/2021

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 2/28/2021-3/7/2021: The LBI real estate market showed higher levels of activity this week with almost 90 changes to the MLS. While this is good to see, the number of homes for sale in the Long Beach Island real estate market is at an all time low. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $813,716
  • 33 listings went under contract with an average listing price of about $1,256,431
  • 24 properties sold on Long Beach Island with an average price of $849,967
  • 10 listings were either withdrawn of expired in the LBI real estate market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 2/28/2021-3/7/2021

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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
New ActiveNJOC407496105 W 25th StShip BottomLBI$499,000
New ActiveNJOC407654105 W 25th StShip BottomLBI$499,000
New ActiveNJOC407528257 N 3rd StSurf CityLBI$750,000
New ActiveNJOC4068402302 Central AveShip BottomLBI$825,000
New ActiveNJOC4074845 Alexis PlLong Beach TownshipLBI$929,000
New ActiveNJOC4076665 W 4th StBarnegat LightLBI$949,999
New ActiveNJOC407698132 E 5th StBeach HavenLBI$1,099,000
New ActiveNJOC407554132 E 5th StBeach HavenLBI$1,099,000
New ActiveNJOC407602108 S 1st StSurf CityLBI$1,199,000
New ActiveNJOC407520115 E Mermaid LnLong Beach TownshipLBI$1,250,000
New ActiveNJOC407490115 E Mermaid LnLong Beach TownshipLBI$1,250,000
New ActiveNJOC407486445 Engleside AveBeach HavenLBI$1,595,000
New ActiveNJOC407658147 W Jeanette AveLong Beach TownshipLBI$1,799,000
New ActiveNJOC200002244 Harbor DrLong Beach TownshipLBI$1,799,000
New ActiveNJOC4076285307 Long BeachLong Beach TownshipLBI$2,150,000
Back to ActiveNJOC404902112 Shore AveSurf CityLBI$1,100,000
Price DecreaseNJOC4045762502 Long Beach Blvd. #3BShip BottomLBI$649,000
Price DecreaseNJOC407464161 Long Beach #DLong Beach TownshipLBI$1,450,000
Price DecreaseNJOC397518215 Centre StBeach HavenLBI$1,459,500
Price DecreaseNJOC40573214 E 29th StBarnegat LightLBI$3,499,000
Price IncreaseNJOC4053661 Cedars AveHarvey CedarsLBI$1,379,000
Active Under ContractNJOC40550635 Sunset Blvd #G3Long Beach TownshipLBI$49,900
Active Under ContractNJOC404400111 W 18th St #1Ship BottomLBI$619,000
Active Under ContractNJOC40706818 W RosemmaLong Beach TownshipLBI$879,000
Active Under ContractNJOC40658016 W 6th StBarnegat LightLBI$895,000
Active Under ContractNJOC40714638 SailboatLong Beach TownshipLBI$905,000
Active Under ContractNJOC407222124 East Lillie AveLong Beach TownshipLBI$1,499,900
Active Under ContractNJOC40722014 31stLong Beach TownshipLBI$1,595,000
Active Under ContractNJOC4073661-D Sunset BlvdLong Beach TownshipLBI$1,695,000
Active Under ContractNJOC4066548302 Beach AveLong Beach TownshipLBI$1,924,999
Active Under ContractNJOC406562819 N Ocean AveSurf CityLBI$2,995,000
PendingNJOC4077001504 S Beach Ave #3Beach HavenLBI$699,000
PendingNJOC402388261 W 19th StShip BottomLBI$799,000
PendingNJOC4076165305-A Long Beach Blvd #AHarvey CedarsLBI$849,000
PendingNJOC4062505500 Long BeachLong Beach TownshipLBI$899,900
PendingNJOC40736823 W SailboatLong Beach TownshipLBI$929,000
PendingNJOC4030961 E 68th StHarvey CedarsLBI$989,500
PendingNJOC4033205300 WestLong Beach TownshipLBI$997,000
PendingNJOC407200275 W 27th StShip BottomLBI$999,000
PendingNJOC40668617 E 14th StBarnegat LightLBI$1,175,000
PendingNJOC40657017 E 14th StBarnegat LightLBI$1,175,000
PendingNJOC4042424900-B Long Beach #BLong Beach TownshipLBI$1,380,000
PendingNJOC405792217 Nautilus DrLong Beach TownshipLBI$1,399,000
PendingNJOC40747815 S 2nd StSurf CityLBI$1,599,000
PendingNJOC4067442202 Central AveBarnegat LightLBI$1,649,000
PendingNJOC4069168 Mermaid LnLong Beach TownshipLBI$1,649,000
PendingNJOC3857784700a Bay TerLong Beach TownshipLBI$1,699,000
PendingNJOC40645821 Buckingham AveHarvey CedarsLBI$1,850,000
PendingNJOC404140112 N OhioLong Beach TownshipLBI$1,899,000
PendingNJOC40491412106 SunsetLong Beach TownshipLBI$2,295,000
PendingNJOC403200420 Nelson AveBeach HavenLBI$2,695,000
PendingNJOC40636812 E 83rd StHarvey CedarsLBI$2,699,000
PendingNJOC4008323701 Long Beach Blvd SLong Beach TownshipLBI$2,700,000
PendingNJOC4024902601 S Long Beach BlvdLong Beach TownshipLBI$4,395,000
ClosedNJOC4042221905 Pennsylvania AveShip BottomLBI$389,900
ClosedNJOC3910921801 S Long Beach BlvdShip BottomLBI$412,500
ClosedNJOC405680130 Chatsworth Ave #7Beach HavenLBI$560,000
ClosedNJOC4064948 W HarringtonLong Beach TownshipLBI$580,000
ClosedNJOC4064928 W HarringtonLong Beach TownshipLBI$580,000
ClosedNJOC404862346 W 5th StShip BottomLBI$800,000
ClosedNJOC40560219 W Jeanette AveLong Beach TownshipLBI$915,000
ClosedNJOC405908115 S 3rd StSurf CityLBI$925,000
ClosedNJOC406334105 S Barnegat AveSurf CityLBI$940,000
ClosedNJOC40496613 E 14th StBarnegat LightLBI$962,500
ClosedNJOC403518126 E 7th StShip BottomLBI$999,900
ClosedNJOC406008407 Coral St #ABeach HavenLBI$999,999
ClosedNJOC39880424 W WinifredLong Beach TownshipLBI$1,099,000
ClosedNJOC4061921002 N Beach AveBeach HavenLBI$1,125,000
ClosedNJOC4035221106 S Bay AveBeach HavenLBI$1,150,000
ClosedNJOC40643418 E 8th StBarnegat LightLBI$1,150,000
ClosedNJOC40565645 AmherstLong Beach TownshipLBI$1,200,000
ClosedNJOC403650135 W Maryland #1Long Beach TownshipLBI$1,212,000
ClosedNJOC4062085909 Ocean Blvd #1 &2Long Beach TownshipLBI$1,240,000
ClosedNJOC405676135 Maryland #2Long Beach TownshipLBI$1,313,000
ClosedNJOC39779410 W PershingLong Beach TownshipLBI$1,355,000
ClosedNJOC406272327 Norwood AveBeach HavenLBI$1,450,000
ClosedNJOC4015801201 S Beach AveBeach HavenLBI$2,125,000
ClosedNJOC40754412 E Burlington AveHarvey CedarsLBI$3,080,000
Temporary Off MarketNJOC405346199 Nautilus DrLong Beach TownshipLBI$4,495,000
WithdrawnNJOC4076761607 Long Beach BoulevardSurf CityLBI$1,395,000
WithdrawnNJOC407598100 21stLong Beach TownshipLBI$1,999,000
WithdrawnNJOC40738212 E 17th StLong Beach TownshipLBI$2,100,000
ExpiredNJOC40130811 E 74th Unit 3 AveHarvey CedarsLBI$105,000
ExpiredNJOC4038481504 S Beach Ave #3Beach HavenLBI$699,000
ExpiredNJOC4023161 Marine St #5Beach HavenLBI$799,000
ExpiredNJOC4024681 Lange AveHarvey CedarsLBI$989,000
ExpiredNJOC4024621 Lange AveHarvey CedarsLBI$989,000
ExpiredNJOC402310108 LaveniaLong Beach TownshipLBI$2,450,000

LBI New Jersey Real Estate Sales Analysis

Inventory, or lack thereof, is the major issue in the LBI real estate market. There are only about 70 active homes for sale at the moment, and a number of these either have offers or are under contract. By my estimation, there are only about 30 or so unencumbered listings in the Long Beach Island real estate market right now. Buyers have to be VERY CAREFUL not to make an emotional mistake in such a market. 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 11/17/2019-11/24/2019 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:

Common Building Changes and Upgrades in the LBI Real Estate Market

What is a Deed in the LBI Real Estate Market

Arms Length Transaction in the LBI Real Estate Market