Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/16/2023-4/23/2023
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Weekly Sales Update 4/16/2023-4/23/2023 
LBI Real Estate Weekly Sales Update 4/16/2023-4/23/2023 
LBI Real Estate Weekly Sales Update 4/16/2023-4/23/2023
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 4/16/2023-4/23/2023: With only 36 changes to the LBI real estate market this week, it was another slower than average report. Activity was balanced between new listings, closed transactions and pending sales, with 7 registered in each category. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
- 7new listings entered the market with an average price of $2,209,571
- 7 listings went under contract with an average listing price of about $2,033,286
- 7 properties sold on Long Beach Island with an average price of $862,657
- 9 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Weekly Sales Update 4/16/2023-4/23/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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.
LBI New Jersey Real Estate Sales Analysis
Overall, it was a balanced week. It is encouraging to see that the average price of a new lsiting and the average price of a [ending sale are holding over $2,000,000. The average price of a sold home in the LBI real estate market was much lower this week, but this is attributed to a few commercial sales that traded much lower than a “typical” sale on LBI would. There are 130 active listings in the MLS this week and 56 pending 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 4/16/2023-4/23/2023 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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