LBI Real Estate Weekly Sales Update 4/5/2020-4/12/2020

4/5/2020-4/12/2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/5/2020-4/12/2020

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 4/5/2020-4/12/2020: Happy Easter to everyone! The LBI real estate market saw another large drop in the number of changes made to the MLS. This follows the trend of the last several weeks with less activity. That said, the nature of the activity this week was much improved. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 7 new listings entered the market with an average price of $1,173,843
  • 8 listings went under contact with an average listing price of about $903,487
  • 9 properties sold on Long Beach Island with an average price of $886,733
  • 11 listings were either withdrawn of expired in the LBI real estate market
  • 3 listings came back on the market this week

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 4/5/2020-4/12/2020

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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
New ActiveRES108 19th #WESTLong Beach Township$649,000
New ActiveRES2517 Long Beach Blvd S #1Long Beach Township$899,900
New ActiveRES130 Old WhalingBeach Haven$945,000
New ActiveRES3 West AlabamaLong Beach Township$950,000
New ActiveRES428 5th StBeach Haven$1,289,000
New ActiveRES215 Centre StBeach Haven$1,685,000
New ActiveRES101 E 23rd StLong Beach Township$1,799,000
Back to ActiveRES11 E 13th St ELong Beach Township$759,000
Back to ActiveRES116 E Jerome AveLong Beach Township$1,499,999
Back to ActiveRES51 Holly Dr WLong Beach Township$2,349,000
Price DecreaseRES280 N 15th StSurf City$599,000
Price DecreaseRES2517 S Long Beach Blvd S #2Long Beach Township$839,900
Price DecreaseRES353 N 8th StSurf City$1,399,000
Price DecreaseRES4903 S Long Beach BlvdLong Beach Township$1,499,000
Price DecreaseRES34 Lighthouse WayLong Beach Township$2,599,000
Price IncreaseCOM110 N Bay AveBeach Haven$599,000
Price IncreaseCOM108 N Bay AveBeach Haven$799,999
Price IncreaseCOM110 N Bay AveBeach Haven$1,399,999
Price IncreaseRES95 Panorama DrLong Beach Township$2,239,900
PendingRES1504 S Beach Ave #3Beach Haven$439,000
PendingRES7711 Ocean #1Long Beach Township$549,999
PendingRES103 E 30th StShip Bottom$695,000
PendingRES11 MacevoyLong Beach Township$699,999
PendingRES112 32ndLong Beach Township$799,900
PendingRES209 NautilusLong Beach Township$950,000
PendingRES256 Pompano DrLong Beach Township$1,395,000
PendingRES2 Taylor AveBeach Haven$1,699,000
ClosedCOML500 N Bay Ave #4Beach Haven$1,100.00
ClosedRES8501 Long Beach Blvd #8Long Beach Township$180,000
ClosedRES375 7th StShip Bottom$604,500
ClosedRES5 W Culver AveLong Beach Township$690,000
ClosedRES23-A W Essex Ave #AHarvey Cedars$725,000
ClosedRES206 E 4th StBeach Haven$855,000
ClosedRES1310 Bayview AveBarnegat Light$900,000
ClosedRES1009 S Atlantic AveBeach Haven$2,000,000
ClosedRES2410 Atlantic AveLong Beach Township$2,025,000
WithdrawnMUL321 14th StShip Bottom$599,000
WithdrawnRES19 E 11th StBarnegat Light$695,000
WithdrawnMUL19 E 11th StBarnegat Light$695,000
WithdrawnRES4903 S Long Beach BlvdLong Beach Township$1,499,000
WithdrawnRES101 E 23rd StLong Beach Township$1,850,000
ExpiredRES12 E 78th St #7Harvey Cedars$125,000
ExpiredRES28 E 35thLong Beach Township$849,000
ExpiredRES1010 Long Beach Blvd #CLong Beach Township$899,999
ExpiredCOM2 E 20th StLong Beach Township$1,199,000
ExpiredRES16 E New Jersey AveLong Beach Township$1,599,900
ExpiredRES6301 Bayview AveLong Beach Township$2,750,000

LBI New Jersey Real Estate Sales Analysis

I mentioned above that there was improvement. This is most apparent in the number of listings coming back on the market. There were only three this week compared to seven last week. The fact that more deals are staying together shows confidence in the LBI real estate market. There were also more pending sales this week than last. While the number of changes were down, things do seem to be leveling off as there is some improvement in the news surrounding coronavirus. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI Real Estate Weekly Sales Update 4/5/2020-4/12/2020 please do not hesitate to contact me. Stay safe and have a great Easter!

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