LBI Real Estate Weekly Sales Update 4/14/2019-4/21/2019

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/14/2019-4/21/2019

LBI Real Estate Weekly Sales Update 4/7/2019-4/14/2019
LBI Real Estate Weekly Sales Update 4/7/2019-4/14/2019
LBI Real Estate Weekly Sales Update 4/7/2019-4/14/2019

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 4/14/2019-4/21/2019: Overall market activity dropped a little more this week compared to last week. Overall the spring market has shown great strength however if the slower activity continues it could reverse the gains made thus far. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

26 new listings entered the market with an average price of $1,546,377
26 listings went under contact with an average listing price of about $852,165
18 properties sold on Long Beach Island with an average price of $986,056
12 listings were either withdrawn of expired in the LBI real estate market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 4/14/2019-4/21/2019

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, “P” means the property is under contract (pending), “C” means the property sold and “W” or “X” means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.

Type	Chg Type	Street Number	Street Dir Prefix	Street Name	Municipality	Current Price	Sq Ft Total	DOM
INOW	NEW	17	E	76th	Harvey Cedars	$150,000	1,000	3
CONDO	NEW	1000	Bay	Beach Haven Borough	$429,000	652	10
MUL	NEW	1806	Barnegat	Ship Bottom	$499,000	1,216	9
SF	NEW	112	S	Barnegat	Surf City	$639,000	1,143	3
SF	NEW	16	W	Hobart	Long Beach Twp	$679,000	1,344	4
SF	NEW	106	E	6th	Ship Bottom	$699,000	1,404	6
MUL	NEW	106	E	6th	Ship Bottom	$699,000	1,575	6
SF	NEW	128	E	29	Ship Bottom	$799,000	1,496	7
SF	NEW	320	Norwood	Beach Haven Borough	$875,000	1,296	3
SF	NEW	31	W	South 33rd	Long Beach Twp	$929,000	1,920	6
SF	NEW	109	Hobart	Long Beach Twp	$1,089,900	2,446	3
SF	NEW	11502	Beach	Long Beach Twp	$1,149,000	1,864	5
SF	NEW	6305E	Long Beach	Harvey Cedars	$1,195,000	2,300	4
SF	NEW	5	E	Winifred	Long Beach Twp	$1,249,000	2,400	3
SF	NEW	133	Long Beach	Long Beach Twp	$1,250,000	1,816	7
SF	NEW	321	Liberty	Beach Haven Borough	$1,545,000	2,500	4
SF	NEW	21	E	Meade	Long Beach Twp	$1,549,000	3,200	4
SF	NEW	320	Iroquois	Beach Haven Borough	$1,550,000	2,500	4
SF	NEW	70	Butler	Long Beach Twp	$1,595,000	3,052	7
SF	NEW	4	Lower Little Island	Beach Haven Borough	$1,999,900	2,900	6
SF	NEW	3	E	Mercer	Harvey Cedars	$2,100,000	2,467	4
SF	NEW	352	Dusty Miller	Long Beach Twp	$2,199,000	3,948	38
SF	NEW	474	Schoderer	Surf City	$2,295,000	2,352	4
SF	NEW	24	Panorama	Long Beach Twp	$3,049,000	4,200	4
SF	NEW	15	N	Ocean (Interior Lot)	Surf City	$4,499,000	4,400	0
SF	NEW	115	E	Jerome	Long Beach Twp	$5,495,000	5,700	11
CONDO	DOWN	21	W	Pennsylvania	Long Beach Twp	$169,900	468	62
CONDO	DOWN	11	Cox Ave	Harvey Cedars	$539,000	912	37
CONDO	DOWN	500	N	Bay	Beach Haven Borough	$589,000	1,200	14
SF	DOWN	5406	Long Beach	Harvey Cedars	$605,000	1,228	171
SF	DOWN	10	Cox	Harvey Cedars	$684,500	1,512	66
SF	DOWN	97	E	27th	Ship Bottom	$869,000	2,160	105
SF	DOWN	1602	Central	Barnegat Light	$875,000	1,964	128
SF	DOWN	29	E	23rd	Long Beach Twp	$949,500	2,578	104
CONDO	DOWN	29	E	23rd	Long Beach Twp	$949,500	2,578	104
SF	DOWN	5413	West	Long Beach Twp	$975,000	1,932	44
SF	DOWN	17	W	20th	Barnegat Light	$999,999	2,417	30
SF	DOWN	12	E	sailboat lane (89th)	Long Beach Twp	$1,197,500	2,113	165
SF	DOWN	153C	Long Beach Boulevard	Long Beach Twp	$1,649,000	3,127	220
COM	DOWN	1101	S	Bay	Beach Haven Borough	$1,699,000	0	388
SF	DOWN	1101	S Bay Ave	Beach Haven Borough	$1,699,000	4,256	435
SF	DOWN	149D	Long Beach	Long Beach Twp	$1,699,000	3,025	53
SF	DOWN	3008	Beach	Long Beach Twp	$1,789,000	2,600	66
SF	DOWN	120	E	Mermaid	Long Beach Twp	$2,250,000	2,781	67
SF	DOWN	26	Hideaway	Long Beach Twp	$2,395,000	4,100	452
SF	UP	1010	Long Beach	Long Beach Twp	$949,000	1,948	167
SF	K	7301	Long Beach	Long Beach Twp	$419,000	1,296	68
CONDO	K	7301	Long Beach	Long Beach Twp	$419,000	1,296	77
MUL	K	1	E	Jeanette	Long Beach Twp	$639,900	1,350	94
SF	K	1	E	Jeanette	Long Beach Twp	$639,900	1,350	95
MUL	K	22	E	33rd	Long Beach Twp	$895,000	2,032	17
SF	K	22	E	33rd	Long Beach Twp	$895,000	1,584	17
SF	K	18	Lange	Harvey Cedars	$1,100,000	2,604	79
CONDO	P	111	E	6th	Ship Bottom	$359,000	624	229
LND	P	14	Albright	Long Beach Twp	$525,000	8,500	153
SF	P	6208	Long Beach Blvd.	Long Beach Twp	$575,000	1,400	57
COM	P	1511	Long Beach	Long Beach Twp	$595,000	0	242
SF	P	125	6th	Beach Haven Borough	$699,000	1,536	235
CONDO	P	413	8th	Beach Haven Borough	$699,000	1,700	22
SF	P	7	W	51st	Long Beach Twp	$715,000	1,296	18
SF	P	29	E	Culver	Long Beach Twp	$750,000	1,320	87
SF	P	102	N	13th	Surf City	$779,000	1,056	44
SF	P	5303	Long Beach	Long Beach Twp	$925,000	2,300	22
SF	P	5	E	44th	Long Beach Twp	$929,000	2,076	230
CONDO	P	5	E	44th	Long Beach Twp	$929,000	2,076	230
SF	P	2	E	13th	Barnegat Light	$999,000	2,394	73
SF	P	103	E	Surf	Long Beach Twp	$999,500	1,681	192
SF	P	450	Engleside	Beach Haven Borough	$1,279,000	2,340	56
SF	P	53	Cedars	Harvey Cedars	$1,349,000	2,100	157
SF	P	1201	Seaview	Barnegat Light	$1,395,000	2,736	140
SF	P	209	E	South 33rd	Long Beach Twp	$1,699,000	2,039	10
SF	W	1A	Louisiana	Long Beach Twp	$439,000	1,072	84
SF	W	1709	Sunset	Surf City	$589,000	1,440	2
SF	W	320	Norwood	Beach Haven Borough	$875,000	0	43
SF	W	3	E	Mercer	Harvey Cedars	$2,100,000	2,467	419
SF	V	215	Nautilus	Long Beach Twp	$1,895,000	3,273	243
COM	C	2512	Long Beach	Ship Bottom	$355,000	0	148
CONDO	C	1A	Louisiana	Long Beach Twp	$439,000	1,072	84
SF	C	30	W	Sand Dune	Long Beach Twp	$520,000	924	25
SF	C	125	27th	Ship Bottom	$545,000	1,000	301
CONDO	C	500	S	Bay	Beach Haven Borough	$585,000	1,200	77
SF	C	117	7th	Ship Bottom	$600,000	1,300	24
CONDO	C	12	E	41st	Long Beach Twp	$715,000	1,300	239
SF	C	10	E	44th	Long Beach Twp	$755,000	1,056	30
MUL	C	131	E	30th	Ship Bottom	$762,500	1,775	141
SF	C	6	Arnold	Long Beach Twp	$852,500	1,794	114
SF	C	3	Warwick	Harvey Cedars	$925,000	1,600	8
CONDO	C	103	E	Lillie	Long Beach Twp	$955,000	1,654	52
SF	C	126	7th	Beach Haven Borough	$999,999	1,987	38
SF	C	140	Long Beach	Long Beach Twp	$1,150,000	2,910	102
MUL	C	203	E	16th	Long Beach Twp	$1,400,000	3,000	457
SF	C	12	E	29th	Barnegat Light	$2,000,000	2,994	187
SF	C	8	East 73rd Street	Harvey Cedars	$2,040,000	2,500	349
SF	C	805	S	Atlantic	Beach Haven Borough	$2,150,000	2,100	65
INOW	X	17	E	76th	Harvey Cedars	$150,000	1,000	274
SF	X	12	E	41st	Long Beach Twp	$739,000	1,300	239
SF	X	6305E	Long Beach	Harvey Cedars	$1,195,000	2,300	196
SF	X	271	Pompano	Long Beach Twp	$1,325,000	2,793	86
SF	X	29	4th	Surf City	$1,375,000	2,400	159
SF	X	77 A	Long Beach Blvd	Long Beach Twp	$2,599,000	3,808	182
SF	X	168	Long Beach	Long Beach Twp	$2,750,000	3,016	320

LBI New Jersey Real Estate Sales Analysis

The same number of new listings entered the market this week as last however the average price was driven much higher. This is thanks in part to several large oceanfront entering the LBI real estate sales market. Pending sales were much higher (19 last week and 26 this week) however the average price point was lower. There were 2 more closed transactions this week and the average price point was virtually the same as last week. Taken as a whole the LBI real estate market is performing well but the slower activity in recent weeks will have to be monitored. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 4/14/2019-4/21/2019 please do not hesitate to contact me.

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