LBI Real Estate Weekly Sales Update 3/27/22-4/3/2022

LBI Real Estate Weekly Sales Update 3/27/22-4/3/2022

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/27/22-4/3/2022

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 3/27/22-4/3/2022: There were 45 changes to the Long Beach Island real estate market this week, and as usual there were more pending sales than new listings on the market. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 12 new listings entered the market with an average price of $1,699,167
  • 15 listings went under contract with an average listing price of about $1,695,260
  • 7 properties sold on Long Beach Island with an average price of $1,485,129
  • 3 listings saw price reductions in the LBI real estate market and 2 listings came back on the 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 3/27/22-4/3/2022

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 SoonNJOC200870629 W Sumner AveLong Beach Township$1,165,000
Coming SoonNJOC200877812 Massachusetts AveLong Beach Township$1,199,000
Coming SoonNJOC20087646 E 29th StLong Beach Township$1,599,000
New ActiveNJOC2008414251 W 14th StShip Bottom$805,000
New ActiveNJOC2008582124 W DelawareLong Beach Township$1,125,000
New ActiveNJOC20086106 E 50th StLong Beach Township$1,199,000
New ActiveNJOC20086348901 Long Beach BlvdLong Beach Township$1,250,000
New ActiveNJOC200871419-A East 24thLong Beach Township$1,299,000
New ActiveNJOC2008694203 6th StBeach Haven$1,850,000
New ActiveNJOC20086782510 N Atlantic AveLong Beach Township$2,400,000
New ActiveNJOC20087624 Marine LnLong Beach Township$2,750,000
New ActiveNJOC200876812 N 9th StSurf City$3,749,000
Back to ActiveNJOC2000492304 W 21st StShip Bottom$2,395,000
Back to ActiveNJOC2007598107 MassachusettsLong Beach Township$2,450,000
Price DecreaseNJOC2007580533-G Engleside Ave #GBeach Haven$475,000
Price DecreaseNJOC2003852166-G Marina #GLong Beach Township$4,795,000
Price DecreaseNJOC200341027 Long Beach Blvd.Long Beach Township$13,850,000
Active Under ContractNJOC2008632238 W 13th StShip Bottom$750,000
Active Under ContractNJOC200844815 W Oceanview DrLong Beach Township$1,999,000
Active Under ContractNJOC2004800228 Stratford AveBeach Haven$1,999,900
Active Under ContractNJOC200812245-C Long Beach BlvdLong Beach Township$3,595,000
PendingNJOC2008250431 Centre StBeach Haven$849,000
PendingNJOC401908208 N Bay AveBeach Haven$869,000
PendingNJOC20075909 Olsen AveHarvey Cedars$1,049,000
PendingNJOC20036145 W 30th StBarnegat Light$1,150,000
PendingNJOC20077043 MacevoyLong Beach Township$1,175,000
PendingNJOC2007814254 N 3rd StSurf City$1,199,000
PendingNJOC2000450415 N Bay AveBeach Haven$1,300,000
PendingNJOC20085166003 Long Beach BlvdHarvey Cedars$1,550,000
PendingNJOC200836010 E Lee AveHarvey Cedars$1,800,000
PendingNJOC200825814 E 14th StBarnegat Light$1,849,000
PendingNJOC20084024911 S Long Beach BlvdLong Beach Township$4,295,000
ClosedNJOC410372102 Roosevelt Ave W #BS -#33Long Beach Township$29,000
ClosedNJOC20001911707 Barnegat AveShip Bottom$875,000
ClosedNJOC20068482202 Central AveShip Bottom$1,200,000
ClosedNJOC200401019 E Nevada AveBeach Haven$1,366,900
ClosedNJOC200625817 E 45thLong Beach Township$1,625,000
ClosedNJOC20078245 S Ocean AveSurf City$2,600,000
ClosedNJOC200454619 E 38th St ELong Beach Township$2,700,000
Temporary Off MarketNJOC2007388321 W 16th StShip Bottom$1,729,000
CanceledNJOC20068562202 Central Ave #2Ship Bottom$399,000
CanceledNJOC20068522202 Central Ave #3Ship Bottom$425,000
ExpiredNJOC2004192107 W 18th StShip Bottom$798,000
ExpiredNJOC20004981518 – 1520 Long Beach BlvdShip Bottom$1,599,000
ExpiredNJOC4105721093-A Long Beach BlvdLong Beach Township$2,749,000

LBI New Jersey Real Estate Sales Analysis

The LBI real estate market continues to be very busy, and as we come into the spring market, buyers will face more challenges. Inventory remains at one of the lowest levels ever, and interest rates have begun to rise. It is doubtful that a minor increase in rates will impact our market, especially when inventory is so low and demand is so high, so the net result is that a buyer will pay more for a home on LBI. That said, there are opportunities in the market; you just have to know where to look! There are 80 active single-family home listings in the MLS this week and 95 pending single-family home sales. 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 3/27/22-4/3/2022 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

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