LBI Real Estate Weekly Sales Update 5/24/2020-5/31/2020

LBI Real Estate Weekly Sales Update 5/24/2020-5/31/2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5/24/2020-5/31/2020

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 5/24/2020-5/31/2020: There were 93 changes to the LBI NJ real estate market this week. Once again, we have seen a notable increase in market activity. After several consecutive weeks of increased activity and a massive jump in pending sales, it is fair to say that, at least right now, the LBI real estate market is doing VERY well. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,643,708
  • 38 listings went under contact with an average listing price of about $1,246,503
  • 13 properties sold on Long Beach Island with an average price of $798,000
  • 12 listings were either withdrawn of expired in the LBI real estate market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 5/24/2020-5/31/2020

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 – Decimal
Coming SoonRES20 N 24th StSurf City$2,599,000
New ActiveRES2708 Long Beach Blvd #5Ship Bottom$330,000
New ActiveRES328 W 16th StShip Bottom$749,500
New ActiveRES1406 Bayview AveBarnegat Light$839,000
New ActiveRES15 E 14th StLong Beach Township$875,000
New ActiveRES2208 Central AveBarnegat Light$949,000
New ActiveRES130-A Long BeachLong Beach Township$999,000
New ActiveMUL6 HobartLong Beach Township$1,050,000
New ActiveRES221 Holyoke AveBeach Haven$1,895,000
New ActiveRES517 Shore AveShip Bottom$2,595,000
New ActiveRES1075 Long Beach BlvdLong Beach Township$5,695,000
Back to ActiveRES13-A Long Beach BlvdLong Beach Township$1,149,000
Price DecreaseRES333 W 18th StShip Bottom$579,000
Price DecreaseRES1815 Bay TerShip Bottom$735,000
Price DecreaseRES1804 WaverlyLong Beach Township$819,000
Price DecreaseRES8312 Long Beach BlvdHarvey Cedars$829,000
Price DecreaseRES3602 S Long Beach Blvd #U1Long Beach Township$870,000
Price DecreaseRES301 Norwood AveBeach Haven$939,000
Price DecreaseRES18 W Janet RoadLong Beach Township$999,000
Price DecreaseRES107 E 23rd StLong Beach Township$999,000
Price DecreaseLAND107 E 23rd StLong Beach Township$999,000
Price DecreaseRES3 E 86th StHarvey Cedars$1,795,000
Price DecreaseRES155-D Long Beach Blvd.Long Beach Township$1,899,000
Price DecreaseRES913 S Atlantic AveBeach Haven$2,399,000
Price DecreaseRES1501 N Ocean AveSurf City$2,599,000
Price IncreaseLAND10905 Long Beach BlvdLong Beach Township$499,500
Price IncreaseRES12711-Beach Ave. BeachLong Beach Township$1,629,000
Price IncreaseRES3 E 69th StHarvey Cedars$1,895,000
Price IncreaseRES131 E 21st StShip Bottom$4,195,000
Active Under ContractMUL17 W 45thLong Beach Township$550,000
Active Under ContractRES3 E 6th StBarnegat Light$599,000
Active Under ContractMUL3 E 6th StBarnegat Light$599,000
Active Under ContractRES44 W Ohio AveLong Beach Township$749,500
Active Under ContractRES97 E 27th StreetShip Bottom$869,000
Active Under ContractRES28 28thLong Beach Township$899,000
Active Under ContractRES4 E TexasLong Beach Township$1,149,000
Active Under ContractRES415 2nd StBeach Haven$1,319,000
Active Under ContractRES302 W 10th StShip Bottom$1,500,000
PendingRES7700 Long Beach #BLong Beach Township$329,000
PendingRES111 E 27th StShip Bottom$525,000
PendingRES7 W Delaware AveBeach Haven$574,900
PendingRES102 W 12th StShip Bottom$599,000
PendingRES112 N 3rd StSurf City$635,000
PendingRES204 W 6th StShip Bottom$649,000
PendingRES104 E 32nd #2Long Beach Township$685,000
PendingRES201 8th StBeach Haven$709,000
PendingRES1072-C Long Beach BlvdLong Beach Township$789,000
PendingRES13 W 7 StBarnegat Light$799,000
PendingRES23 E 37thLong Beach Township$860,000
PendingRES21 S 3rd StSurf City$899,900
PendingMUL21 S 3rd StSurf City$899,900
PendingRES1613 E Bay TerShip Bottom$899,900
PendingRES57 Bayview DrLong Beach Township$949,000
PendingRES6 E 8th StBarnegat Light$974,999
PendingRES101 W 11th StShip Bottom$995,000
PendingRES185 NautilusLong Beach Township$1,149,000
PendingRES1106 N Barnegat AveSurf City$1,195,000
PendingRES463 Schoderer LnSurf City$1,299,000
PendingRES216 Holyoke AveBeach Haven$1,299,999
PendingRES73 Sunset BlvdLong Beach Township$1,395,000
PendingRES353 N 8th StSurf City$1,399,000
PendingRES102 E South 33rd StLong Beach Township$1,629,000
PendingRES3301 S Long Beach BlvdLong Beach Township$1,999,999
PendingRES123-East 19thLong Beach Township$2,475,000
PendingRES121 E Kansas AveLong Beach Township$3,195,000
PendingRES107 E Jeanette AveLong Beach Township$3,325,000
PendingRES144 E DuneLong Beach Township$5,999,999
ClosedRES11 E 40th #U1Long Beach Township$510,000
ClosedRES7711 Ocean #1Long Beach Township$520,000
ClosedCOM10 W 17th StBarnegat Light$585,000
ClosedRES10 W 17th StBarnegat Light$585,000
ClosedRES9 W 86th StLong Beach Township$699,000
ClosedRES12201 N Old Whaling LaneLong Beach Township$725,000
ClosedRES10001 Highland Ave #ALong Beach Township$735,000
ClosedRES254 W 21st StShip Bottom$750,000
ClosedRES209 NautilusLong Beach Township$891,000
ClosedRES3 W Julia AveLong Beach Township$960,000
ClosedRES24 W Connecticut (83rd St) AveLong Beach Township$1,065,000
ClosedRES8 23rd StLong Beach Township$1,099,000
ClosedRES103 S Pennsylvania AveBeach Haven$1,250,000
Temporary Off MarketRES9 E Stanton AveLong Beach Township$1,750,000
Temporary Off MarketCOM5416 Long Beach BlvdLong Beach Township$1,995,000
WithdrawnCOML12900 Long Beach #BLong Beach Township$30.00
WithdrawnRES17 45th WLong Beach Township$550,000
WithdrawnMUL216 Holyoke AveBeach Haven$1,299,999
WithdrawnRES5 W 73rd StHarvey Cedars$1,368,000
WithdrawnRES32 4th StSurf City$1,449,000
WithdrawnRES102 E South 33rd StLong Beach Township$1,629,000
WithdrawnRES157-C Long Beach BlvdLong Beach Township$3,149,000
CanceledLAND111 E 27th StShip Bottom$525,000
ExpiredRES1810 Central Ave #1Ship Bottom$399,900
ExpiredRES117 E 27th StShip Bottom$655,000
ExpiredRES221 Holyoke AveBeach Haven$1,895,000

LBI New Jersey Real Estate Sales Analysis

You read that correctly. There were 38 pending sales in the LBI real estate market this week. This is a massive amount of activity and a clear sign that buyers are confident about the future of the real estate market on Long Beach Island. Prices are holding steady and there was even a pending sale (my listing) for $6,000,000 in The Dunes section of Long Beach Township. 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 5/24/2020-5/31/2020 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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Are LBI Real Estate Sellers Reducing Prices?

Inventory Remains a Challenge in the LBI Real Estate Market

Selling LBI Real Estate Virtually

Chain of Title in the LBI Real Estate Market