LBI Real Estate Weekly Sales Update 3/23/2020-3/30/2020

LBI Real Estate Weekly Sales Update 3/23/2020-3/30/2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/23/2020-3/30/2020

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 3/23/2020-3/30/2020: There were only 57 changes to the Long Beach Island real estate market this week. This is a considerable slowdown in the LBI real estate market, most likely due to the impact of coronavirus. As a comparison, there were 103 changes to the market last week! 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 14 new listings entered the market with an average price of $2,434,779
  • 8 listings went under contact with an average listing price of about $879,875
  • 10 properties sold on Long Beach Island with an average price of $800,850
  • 13 listings were either withdrawn of expired in the LBI real estate market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

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


LBI Real Estate Weekly Sales Update 3/23/2020-2/30/2020

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 SoonRES5413 Ocean BlvdLong Beach Township$3,599,000
New ActiveRES403 8th StBeach Haven$749,900
New ActiveRES57 Bayview DrLong Beach Township$949,000
New ActiveRES2422 Long BeachLong Beach Township$1,299,000
New ActiveRES12 E E 77th. St. St EHarvey Cedars$1,499,000
New ActiveRES128 W WinifredLong Beach Township$1,579,000
New ActiveRES5 E 83rd StHarvey Cedars$1,750,000
New ActiveRES400 Jefferis AveBeach Haven$1,990,000
New ActiveRES161-E Long Beach #ELong Beach Township$2,999,999
New ActiveRES61-D Long Beach #DLong Beach Township$7,199,000
New ActiveRES7-A Long Beach Blvd.Long Beach Township$7,699,000
New ActiveMUL8 14thLong Beach Township$525,000
New ActiveMUL288 Division AveSurf City$799,000
New ActiveLAND332 CranberryLong Beach Township$1,450,000
Back to ActiveRES30 N 3rd StSurf City$799,000
Back to ActiveRES401 Pelham AveBeach Haven$849,000
Back to ActiveRES115 E 20thLong Beach Township$1,124,900
Back to ActiveRES3 Buckingham AveHarvey Cedars$1,295,000
Back to ActiveRES11 E 75th StHarvey Cedars$1,675,000
Back to ActiveMUL30 N 3rd StSurf City$799,000
Back to ActiveMUL401 Pelham AveBeach Haven$849,000
Price DecreaseRES209 W 27th StShip Bottom$769,000
Price DecreaseRES16 E S 31stLong Beach Township$1,099,000
Price DecreaseRES116 E Lillie Ave.Long Beach Township$1,824,900
Price IncreaseRES9 E Stanton AveLong Beach Township$1,850,000
Price IncreaseRES466 Schroderer LaneSurf City$2,399,000
PendingRES3 W 9th StBarnegat Light$520,000
PendingRES9 W CoughlanLong Beach Township$599,000
PendingRES9809 Beach AveLong Beach Township$749,000
PendingRES406 Amber StBeach Haven$779,000
PendingRES1002-D Long Beach BlvdLong Beach Township$849,000
PendingRES11 E 9th StBarnegat Light$899,000
PendingRES3005 BeachLong Beach Township$1,295,000
PendingRES13 E 23rd StLong Beach Township$1,349,000
ClosedRES20 Washington Ave #1Long Beach Township$325,000
ClosedRES2 W Janet Rd #2Long Beach Township$380,000
ClosedRES328 N 13th StSurf City$700,000
ClosedRES5 E 28th StBarnegat Light$785,000
ClosedRES22 N 18th StSurf City$852,000
ClosedRES102 E KentuckyLong Beach Township$915,000
ClosedRES332 W 4th StShip Bottom$1,050,000
ClosedRES268 Division AveSurf City$1,225,000
ClosedRES55 W Ohio AveLong Beach Township$1,775,000
ClosedRESL1000 S Bay Ave #18Beach Haven$1,500
Temporary Off MarketRES17 W WashingtonLong Beach Township$699,900
Temporary Off MarketRES274 W 10th StShip Bottom$949,999
Temporary Off MarketRES209 W 22nd StShip Bottom$974,000
Temporary Off MarketRES2 W JeffreyLong Beach Township$1,249,000
WithdrawnRES207 W 5th StShip Bottom$699,900
CanceledRES161 Long Beach Blvd #-ELong Beach Township$2,999,000
CanceledRES61d Long Beach BlvdLong Beach Township$7,995,000
CanceledLAND5517 West AveLong Beach Township$519,000
ExpiredRES17 E 76th St #9Harvey Cedars$148,500
ExpiredRES229 E 11th St #BBeach Haven$399,000
ExpiredRES12 E 77th StHarvey Cedars$1,499,000
ExpiredRES121 E Massachusetts AveLong Beach Township$3,195,000
ExpiredRES121 Kansas AveLong Beach Township$3,200,000

LBI New Jersey Real Estate Sales Analysis

A slowdown in activity is certainly to be expected. Overall the outlook for the LBI real estate market seems very positive but with the travel restrictions in place, volatility in the stock market and a general fear of strangers being in a house, a drop in market activity has been anticipated. As an example, there were 4 listings this week that were temporarily withdrawn, most likely as a result of coronavirus. Likewise, there were 7 deals that fell apart and came back on the market. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI Real Estate Weekly Sales Update 3/23/2020-3/30/2020 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:

Coronavirus and the LBI Real Estate Market

Will We See LBI Real Estate Distressed Sales?

How Will The Coronavirus Impact the LBI Real Estate Market