LBI Real Estate Weekly Sales Update 3/12/2023-3/19/2023

LBI Real Estate Weekly Sales Update 3/12/2023-3/19/2023

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/12/2023-3/19/2023

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 3/12/2023-3/19/2023: With 36 changes to the Long Beach Island real estate sales market this week, we saw several new listings enter the market. This is welcome news for buyers who are looking to enter into a transaction for Summer 2023. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 10 new listings entered the market with an average price of $2,127,100
  • 6 listings went under contract with an average listing price of about $1,298,500
  • 7 properties sold on Long Beach Island with an average price of $2,573,429
  • 5 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 3/12/2023-3/19/2023

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 ActiveNJOC2016562324 N 2nd StSurf City$1,349,000
New ActiveNJOC201711013 E 41st #ALong Beach Township$1,495,000
New ActiveNJOC2016956258 N 6th StSurf City$1,599,000
New ActiveNJOC2016770127 E 18th StShip Bottom$1,875,000
New ActiveNJOC201675618 4thBeach Haven$2,179,000
New ActiveNJOC20169361046-B Long Beach BlvdLong Beach Township$2,195,000
New ActiveNJOC20171021090 – E Long Beach BlvdLong Beach Township$2,299,000
New ActiveNJOC201696222 5th StBeach Haven$2,300,000
New ActiveNJOC20170485 W 17thLong Beach Township$2,590,000
New ActiveNJOC2016796168-F W Long BeachLong Beach Township$3,390,000
Price DecreaseNJOC2016960116 E Maryland AveLong Beach Township$1,049,000
Price DecreaseNJOC20155924 E Jerome AveBeach Haven$1,199,000
Price DecreaseNJOC201347822 E 10th StBarnegat Light$2,499,000
Price DecreaseNJOC201618017 N 12th StSurf City$2,695,000
Price DecreaseNJOC20139685614 Holly AveHarvey Cedars$2,799,000
Active Under ContractNJOC2014932321 Centre StBeach Haven$1,199,000
Active Under ContractNJOC20126723200 Long Beach BlvdLong Beach Township$1,399,000
PendingNJOC2017016256 N 13th St NSurf City$954,000
PendingNJOC201669610 E 20th StreetLong Beach Township$990,000
PendingNJOC2016202603 BroadwayBarnegat Light$1,599,000
PendingNJOC2016576103 W Lavenia AveLong Beach Township$1,650,000
ClosedNJOC201549220 Amber St #E11Beach Haven$450,000
ClosedNJOC20144961 W JoshuaLong Beach Township$1,549,000
ClosedNJOC2013174107 W 15th StShip Bottom$1,950,000
ClosedNJOC2016436275 W 27th StShip Bottom$2,395,000
ClosedNJOC201606622 S 1st StSurf City$3,220,000
ClosedNJOC20157364911 S Long Beach BlvdLong Beach Township$3,700,000
ClosedNJOC20162446209 OceanLong Beach Township$4,750,000
Temporary Off MarketNJOC20148108211 Long Beach BlvdLong Beach Township$1,349,000
WithdrawnNJOC2016782256 N 13th St NSurf City$954,000
CanceledNJOC20155808901 Long Beach BoulevardLong Beach Township$1,099,000
CanceledNJOC20155848901 Long BeachLong Beach Township$1,099,000
CanceledNJOC2016216603 BroadwayBarnegat Light$1,599,000
CanceledNJOC2016160169-B Long Beach BlvdLong Beach Township$5,495,000
ExpiredNJOC2013496109 22ndLong Beach Township$1,750
ExpiredNJOC2013578150 DelawareLong Beach Township$2,395,000

LBI New Jersey Real Estate Sales Analysis

Overall, the market activity was balanced this week between new listings, pending sales and closed transactions. There were several listings that left the market being either expired or withdrawn from the MLS. There are 127 active listings in the MLS this week and 60 pending sales. Inventory has slowly been increasing over the last several weeks, but it is still historically very low. 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 3/12/2023-3/19/2023 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:

Buying a Smaller Home in the LBI Real Estate Market

Two Factors Facing the LBI Real Estate Market

Spring 2023 Seller’s Market on LBI

LBI Real Estate and the Federal Housing Administration

Rising Mortgage Rates in the LBI NJ Real Estate Market