LBI Real Estate Weekly Sales Update 3/16/2020-3/22/2020

LBI Real Estate Weekly Sales Update 3/16/2020-3/22/2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/16/2020-3/22/2020

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 3/16/2020-3/22/2020: There were a total 103 changes to the Long Beach Island real estate market-a marked uptick in activity from last week’s sale transactions! 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 33 new listings entered the market with an average price of $913,891
  • 19 listings went under contact with an average listing price of about $710,995
  • 12 properties sold on Long Beach Island with an average price of $841,917
  • 15 listings were either withdrawn of expired in the LBI real estate market and 5 came back on the market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market


LBI Real Estate Weekly Sales Update 3/16/2020-3/22/2020

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 TypeCatAddressCityCurrent Price – Decimal
Coming SoonMUL288 Division AveSurf City$799,000
New ActiveRES2915 Long Beach Blvd #CLong Beach Township$279,000
New ActiveRES1000 N Bay Ave #M-11Beach Haven$525,000
New ActiveRES15 W Sailboat LaneLong Beach Township$649,000
New ActiveRES510 N Bay Ave #2-7Beach Haven$659,000
New ActiveRES510 N Bay Ave #2-3Beach Haven$659,000
New ActiveRES510 N Bay Ave #2-8Beach Haven$679,000
New ActiveRES510 N Bay Ave #2-6Beach Haven$679,000
New ActiveRES510 N Bay Ave #3-7Beach Haven$689,000
New ActiveRES510 N Bay Ave #3-3Beach Haven$689,000
New ActiveRES510 N Bay Ave #3-8Beach Haven$699,000
New ActiveRES510 N Bay Ave #3-6Beach Haven$699,000
New ActiveRES510 N Bay Ave #3-4Beach Haven$699,000
New ActiveRES510 N Bay Ave #3-9Beach Haven$719,000
New ActiveRES510 N Bay Ave #2-9Beach Haven$719,000
New ActiveRES510 N Bay Ave #3-1Beach Haven$719,000
New ActiveRES510 N Bay Ave #3-2Beach Haven$729,000
New ActiveRES510 N Bay Ave #2-2Beach Haven$729,000
New ActiveRES14 Osborn AveLong Beach Township$735,000
New ActiveRES209 W 27th StShip Bottom$769,000
New ActiveRES510 N Bay Ave #3-10Beach Haven$779,000
New ActiveRES112 32ndLong Beach Township$799,900
New ActiveRES510 N Bay Ave #2-10Beach Haven$819,000
New ActiveRES12704 Long BeachLong Beach Township$1,199,000
New ActiveRES415 2nd StBeach Haven$1,319,000
New ActiveRES19 Cedar DrLong Beach Township$1,625,000
New ActiveRES247 OceanaLong Beach Township$1,975,000
New ActiveRES400 Jefferis AveBeach Haven$1,990,000
New ActiveRES215 E 14th StLong Beach Township$2,550,000
New ActiveMUL215 14thLong Beach Township$2,550,000
New ActiveLAND102 Rooservelt Ave W #10Long Beach Township$32,500
New ActiveLAND6 E Maryland AveLong Beach Township$499,000
New ActiveCOM6 E Maryland AveLong Beach Township$499,000
Back to ActiveRES401 Pelham AveBeach Haven$849,000
Back to ActiveRES3304 Harbor DrLong Beach Township$1,350,000
Back to ActiveRES256 Pompano DrLong Beach Township$1,395,000
Back to ActiveMUL401 Pelham AveBeach Haven$849,000
Back to ActiveCOMB305 N Bay AveBeach Haven$1,399,000
Price DecreaseRES7700 Long Beach Blvd. #BLong Beach Township$339,000
Price DecreaseRES7903 Long Beach #BLong Beach Township$395,100
Price DecreaseRES9 W Carolina #2Long Beach Township$415,000
Price DecreaseRES1405 Long Beach BlvdLong Beach Township$499,000
Price DecreaseRES11 E 40th #U1Long Beach Township$524,000
Price DecreaseRES12 W 6th StBarnegat Light$585,000
Price DecreaseRES10 W 17th StBarnegat Light$649,000
Price DecreaseRES8312 Long Beach BlvdHarvey Cedars$849,000
Price DecreaseRES21 S 3rd StSurf City$929,000
Price DecreaseRES24 W Connecticut (83rd St) AveLong Beach Township$1,149,000
Price DecreaseRES185 NautilusLong Beach Township$1,149,000
Price DecreaseRES12711-Beach Ave. BeachLong Beach Township$1,549,000
Price DecreaseRES6802 Kent PlHarvey Cedars$1,985,000
Price DecreaseRES1067- C Long Beach BlvdLong Beach Township$2,575,000
Price DecreaseMUL17 W 45thLong Beach Township$575,000
Price DecreaseMUL21 S 3rd StSurf City$929,000
Price DecreaseLAND1405 Long Beach BlvdLong Beach Township$499,000
Price DecreaseCOM1901 Long Beach BlvdSurf City$199,000
Price DecreaseCOM10 W 17th StBarnegat Light$649,000
Active Under ContractRES331 Jefferies Ave #1Beach Haven$499,000
Active Under ContractRES309 W 4th StShip Bottom$649,900
Active Under ContractRES4800 Ocean BlvdLong Beach Township$1,499,000
PendingRES8501 Long Beach Blvd #8Long Beach Township$185,000
PendingRES251 W 13th St #2Ship Bottom$225,000
PendingRES20 Washington Ave #1Long Beach Township$339,000
PendingRES204 W 12th St #C01Ship Bottom$380,000
PendingRES5517 West AveLong Beach Township$519,000
PendingRES14 W Harrington AveLong Beach Township$599,000
PendingRES369 W 7th StShip Bottom$625,000
PendingRES412 3rd StBeach Haven$625,000
PendingRES30 W 5th St #16Barnegat Light$699,000
PendingRES104 W OhioLong Beach Township$780,000
PendingRES38 W WyomingLong Beach Township$949,999
PendingRES24 W New YorkLong Beach Township$959,000
PendingRES258 N 12th StSurf City$999,000
PendingRES711 S Beach AveBeach Haven$1,150,000
PendingRES145-A Long Beach #ALong Beach Township$1,228,000
PendingMUL14 W Harrington AveLong Beach Township$599,000
ClosedRES312 N 5th StSurf City$612,500
ClosedRES293 B Tidal DrLong Beach Township$675,000
ClosedRES5200 Long BeachLong Beach Township$705,000
ClosedRES16 26th St WBarnegat Light$829,000
ClosedRES107 W OsbornLong Beach Township$850,000
ClosedRES4 E 30th StBarnegat Light$964,000
ClosedRES610 N Beach AveBeach Haven$1,086,000
ClosedRES6403-A Long Beach Blvd #AHarvey Cedars$1,599,000
ClosedRES353 Dusty Miller DrLong Beach Township$1,600,000
ClosedRESL1000 S Bay Ave #18Beach Haven$1,500
ClosedMUL24 E North Carolina AveLong Beach Township$841,000
ClosedLAND244 W 7th StShip Bottom$340,000
Temporary Off MarketRES206 W Ship Bottom AveShip Bottom$711,000
Temporary Off MarketRES5804 BayviewLong Beach Township$749,000
Temporary Off MarketRES19 E 21stLong Beach Township$1,729,000
WithdrawnRES108 E 19th #WESTLong Beach Township$649,999
WithdrawnRES14 E 50th StLong Beach Township$1,459,000
WithdrawnRES215 E 14th StLong Beach Township$2,550,000
WithdrawnRESL129 E 4th St #REARShip Bottom$975
WithdrawnMUL215 E 14th StLong Beach Township$2,950,000
WithdrawnLAND412 3rd StBeach Haven$625,000
CanceledRES24 E North Carolina Ave ELong Beach Township$769,000
ExpiredRES8102 Long Beach BlvdHarvey Cedars$529,000
ExpiredRES1606 N Long Beach BlvdSurf City$749,000
ExpiredRES248 27th StShip Bottom$1,545,000
ExpiredMUL270 N 13th StSurf City$679,000
ExpiredMUL1606 N Long Beach BlvdSurf City$749,000

LBI New Jersey Real Estate Sales Analysis

Compared to last week, we saw more overall activity this week. There were 11 more new listings, 5 more pending sales and 3 more closings this week. This is a good sign for the health of the LBI real estate market. The same number of homes (5) came back on the market this week as compared to last week. While this is a little higher than I would like to see, it is also not in of itself alarming. As the weeks go on and the world fights the coronavirus, we shall see how the market reacts. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 3/16/2020-3/22/2020 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:

LBI Real Estate Rental Technology

Will We See LBI Real Estate Distressed Sales?

LBI Real Estate Daily Market Update March 19th 2020

Benefits of Multi-Family Homes in the LBI Real Estate Market

Cash-Out Refinance in the LBI Real Estate Market