LBI Real Estate Weekly Sales Update 4/23/2023-4/30/2023

LBI Real Estate Weekly Sales Update 4/23/2023-4/30/2023

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/23/2023-4/30/2023

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 4/23/2023-4/30/2023: There were only 66 changes to the Long Beach Island real estate market this week, and almost a third of that activity was in the form of pending sales! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 9 new listings entered the market with an average price of $1,692,772
  • 8 listings went under contract with an average listing price of about $1,664,874
  • 10 properties sold on Long Beach Island with an average price of $2,289,650
  • 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

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 4/23/2023-4/30/2023

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 #AddressCityAreaCurrent Price
New ActiveNJOC2018084310 S West Ave #D-1Beach HavenLBI$825,000
New ActiveNJOC2018052234 W 10th StShip BottomLBI$949,000
New ActiveNJOC201806011902 Long BeachLong Beach TownshipLBI$1,299,000
New ActiveNJOC20179441609 W West AveBeach HavenLBI$1,395,000
New ActiveNJOC201795013 S Central AveSurf CityLBI$1,549,000
New ActiveNJOC2017998113 21stLong Beach TownshipLBI$1,575,000
New ActiveNJOC2018092102 N 2nd StSurf CityLBI$2,399,000
New ActiveNJOC201810610101 Beach AveLong Beach TownshipLBI$2,595,000
New ActiveNJOC201809649 N 1st StSurf CityLBI$2,649,000
Back to ActiveNJOC201526040 7th StreetSurf CityLBI$2,899,000
Price DecreaseNJOC2017358228 W 6th StShip BottomLBI$899,990
Price DecreaseNJOC20167781032-A Long Beach BlvdLong Beach TownshipLBI$1,350,000
Price DecreaseNJOC201688413 W 79th StHarvey CedarsLBI$1,379,000
Price DecreaseNJOC201457011 James StHarvey CedarsLBI$1,695,000
Price DecreaseNJOC201675618 4thBeach HavenLBI$2,099,000
Price DecreaseNJOC201594033 W 87thLong Beach TownshipLBI$2,100,000
Price DecreaseNJOC20029563205 OceanLong Beach TownshipLBI$2,199,000
Price DecreaseNJOC20171021090 – E Long Beach BlvdLong Beach TownshipLBI$2,199,000
Price DecreaseNJOC20155665-W S 32ndLong Beach TownshipLBI$3,775,000
Price IncreaseNJOC20082644302 S Long Beach BlvdLong Beach TownshipLBI$3,049,000
Active Under ContractNJOC2017220215 8th StBeach HavenLBI$1,250,000
Active Under ContractNJOC20169361046-B Long Beach BlvdLong Beach TownshipLBI$2,100,000
PendingNJOC2014614401 Broadway #10Barnegat LightLBI$449,000
PendingNJOC2017292108 W 14th StBeach HavenLBI$1,200,000
PendingNJOC2017266206 W 18th StShip BottomLBI$1,325,000
PendingNJOC201467883 W Tebco #DLong Beach TownshipLBI$1,999,995
PendingNJOC201696222 5th StBeach HavenLBI$2,300,000
PendingNJOC201618017 N 12th StSurf CityLBI$2,695,000
ClosedNJOC2013628109 22nd #1ST FLOORLong Beach TownshipLBI$2,600
ClosedNJOC20154422320 Central AveShip BottomLBI$900,000
ClosedNJOC2014932321 Centre StBeach HavenLBI$1,150,000
ClosedNJOC20160503805 Long Beach BlvdLong Beach TownshipLBI$1,899,000
ClosedNJOC200332622 HardingLong Beach TownshipLBI$1,975,000
ClosedNJOC201660842c Long BeachLong Beach TownshipLBI$2,250,000
ClosedNJOC20129523 E 20th StLong Beach TownshipLBI$2,420,000
ClosedNJOC20124642 E 83rd StHarvey CedarsLBI$2,799,900
ClosedNJOC20160642803 Long Beach Boulevard SBeach HavenLBI$4,700,000
ClosedNJOC201529244-E Long Beach BlvdLong Beach TownshipLBI$4,800,000
Temporary Off MarketNJOC2018002310 S West Ave #D-1Beach HavenLBI$825,000
Temporary Off MarketNJOC20097581013-A Long BeachLong Beach TownshipLBI$1,899,000
Temporary Off MarketNJOC2015800101 N 1st StreetSurf CityLBI$2,199,000
Temporary Off MarketNJOC201571617 E Delaware AveLong Beach TownshipLBI$2,500,000
CanceledNJOC201738425 E 49thLong Beach TownshipLBI$1,999,000
CanceledNJOC201435410101 Beach AveLong Beach TownshipLBI$2,595,000
ExpiredNJOC201469617 E 29thLong Beach TownshipLBI$1,199,000
ExpiredNJOC20144001918 N Long Beach BlvdSurf CityLBI$1,595,000
ExpiredNJOC20145241512 S Beach AveBeach HavenLBI$2,275,000

LBI New Jersey Real Estate Sales Analysis

The LBI real estate market saw a near balance between new listings and pending sales this week. There were a higher number of price reductions this week, with a total of 9. This is not surprising as many of the new listings that have entered the market recently have been priced far too high (to a level that the LBI real estate market never saw). To be clear, these price drops are not an indication that prices are dropping on Long Beach Island. Rather, the sellers have had to bring their prices in line with where the LBI real estate market is. Buyer activity is still very strong and the average price of a sold home is over $2,200,000! There are 129 active listings in the MLS this week and 51 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 4/23/2023-4/30/2023 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

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