LBI Real Estate Weekly Sales Update 5/31/2020-6/7/2020

LBI Real Estate Weekly Sales Update 5/31/2020-6/7/2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5/31/2020-6/7/2020

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 5/31/2020-6/7/2020: The LBI real estate market showed another increase in activity this week. The market has been VERY busy on Long Beach Island for both sales and rentals. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 21 new listings entered the market with an average price of $1,389,224
  • 21 listings went under contact with an average listing price of about $1,247,229
  • 11 properties sold on Long Beach Island with an average price of $978,455
  • 27 listings were either withdrawn of expired in the LBI real estate market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 5/31/2020-6/7/2020

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 SoonRES106 E 20th StShip Bottom$699,000
Coming SoonRES3400-A Long Beach #ALong Beach Township$1,035,000
New ActiveRES407 N Delaware AveBeach Haven$698,900
New ActiveRES328 W 16th StShip Bottom$749,500
New ActiveRES134 E 24th StShip Bottom$829,000
New ActiveMUL125 E 29thLong Beach Township$879,000
New ActiveRES125 E 29thLong Beach Township$879,000
New ActiveRES39 WyomingLong Beach Township$949,000
New ActiveRES1701 Bay TerraceLong Beach Township$979,000
New ActiveRES209 N Atlantic AveBeach Haven$987,800
New ActiveRES24 W WinifredLong Beach Township$999,000
New ActiveRES130-A Long BeachLong Beach Township$999,000
New ActiveRES1820 Bay TerShip Bottom$1,299,000
New ActiveRES220 E Amber StBeach Haven$1,575,000
New ActiveRES15 N 7th StSurf City$1,599,000
New ActiveRES2117 Ocean AveShip Bottom$1,879,500
New ActiveRES356 Dusty Miller DrLong Beach Township$1,949,000
New ActiveRES34 Thomas AveHarvey Cedars$2,195,000
New ActiveRES213 E 32ndLong Beach Township$2,195,000
New ActiveRES20 N 24th StSurf City$2,599,000
New ActiveRES97c Long Beach BlvdLong Beach Township$3,200,000
Price DecreaseRES20 Amber St #C2Beach Haven$465,000
Price DecreaseLAND504 BroadwayBarnegat Light$749,900
Price DecreaseRES504 BroadwayBarnegat Light$749,900
Price DecreaseRES9206 Long Beach BlvdLong Beach Township$789,000
Price DecreaseRES40 4th W #8Barnegat Light$799,000
Price DecreaseRES358 N 6th StSurf City$985,000
Price DecreaseRES1701 West AveBeach Haven$1,199,000
Price DecreaseMUL8701 Long Beach BoulevardLong Beach Township$1,350,000
Price DecreaseCOM8701 Long Beach BlvdLong Beach Township$1,350,000
Price DecreaseRES10 W Judith AveLong Beach Township$1,449,000
Price DecreaseRES119 E Lillie AveLong Beach Township$1,649,000
Price DecreaseRES1501 N Ocean AveSurf City$2,599,000
Price IncreaseLAND4 W KimberlyLong Beach Township$599,000
Price IncreaseCOM510 Dock RdBeach Haven$725,000
Price IncreaseLAND510 Dock RdBeach Haven$725,000
Price IncreaseRES1907 S Bay Ave #BBeach Haven$879,000
Price IncreaseRES7-A Long Beach Blvd.Long Beach Township$7,895,000
Active Under ContractRES20 W 21st St #1Long Beach Township$399,900
Active Under ContractRES525 Amber St #BBeach Haven$625,000
Active Under ContractRES322 W 18th StShip Bottom$774,900
Active Under ContractRES28 28thLong Beach Township$899,000
Active Under ContractRES8 E OhioLong Beach Township$1,680,000
Active Under ContractRES118 Dolphin AveBeach Haven$2,399,000
PendingRES217 W 11th St #2Ship Bottom$325,000
PendingMUL14 W Harrington AveLong Beach Township$599,000
PendingRES14 W Harrington AveLong Beach Township$599,000
PendingRES23 E 37thLong Beach Township$860,000
PendingRES3 West AlabamaLong Beach Township$950,000
PendingRES403 Tidal DrLong Beach Township$1,095,000
PendingRES185 NautilusLong Beach Township$1,149,000
PendingRES66 Maiden LnHarvey Cedars$1,200,000
PendingRES415 2nd StBeach Haven$1,319,000
PendingRES29 N 15thSurf City$1,449,000
PendingRES4804 Bay TerraceLong Beach Township$1,450,000
PendingRES102 E South 33rd StLong Beach Township$1,629,000
PendingRES3 E 86th StHarvey Cedars$1,795,000
PendingRES115 Holyoke AveBeach Haven$2,000,000
PendingRES218 E 17thLong Beach Township$2,995,000
ClosedRES1000 N Bay Ave #C7Beach Haven$386,000
ClosedRES9 W Carolina #2Long Beach Township$400,000
ClosedMUL17 W 45thLong Beach Township$535,000
ClosedRES11 MacevoyLong Beach Township$665,000
ClosedMUL1414 BeachLong Beach Township$665,000
ClosedRES321 Centre StBeach Haven$697,000
ClosedRES209 W 27th StShip Bottom$735,000
ClosedRES112 32ndLong Beach Township$750,000
ClosedRES13 W 7 StBarnegat Light$785,000
ClosedRES34 Lighthouse WayLong Beach Township$2,445,000
ClosedRES4403 OceanLong Beach Township$2,700,000
Temporary Off MarketRES5 E Delaware AveLong Beach Township$695,000
Temporary Off MarketMUL19 West 19th StLong Beach Township$699,000
WithdrawnRES10 W 17th StBarnegat Light$649,000
WithdrawnMUL10 MarshallLong Beach Township$689,000
WithdrawnRES10 Marshall AveLong Beach Township$689,000
WithdrawnRES17 W WashingtonLong Beach Township$699,900
WithdrawnRES30 N 3rd StSurf City$799,000
WithdrawnRES20 Buckingham AveHarvey Cedars$865,000
WithdrawnRES22 W New York/84th St.Long Beach Township$1,099,000
WithdrawnRES1415 BeachLong Beach Township$1,749,999
CanceledLAND24 W Winifred AveLong Beach Township$549,000
CanceledRES525 Amber St #BBeach Haven$625,000
CanceledRES97-C Long Beach BlvdLong Beach Township$3,350,000
ExpiredRESL129 E 4th St #REARShip Bottom$975
ExpiredRESL129 E 4th St #FRONTShip Bottom$975
ExpiredRES1100 N Bay Ave #A1Beach Haven$424,500
ExpiredRES114 E 24th StreetLong Beach Township$869,000
ExpiredRES26 N 24th StSurf City$949,000
ExpiredRES1701 Bay TerraceLong Beach Township$979,000
ExpiredRES57 S 2nd StSurf City$999,000
ExpiredRES136 C Long Beach BlvdLong Beach Township$1,395,000
ExpiredRES2302 Bayview AveBarnegat Light$1,499,000
ExpiredRES104 E South 33rd StLong Beach Township$1,599,900
ExpiredRES102 E South 33rd StLong Beach Township$1,629,000
ExpiredLAND110 & 114 E 24th StreetLong Beach Township$1,718,000
ExpiredRES474 Schoderer LnSurf City$1,950,000
ExpiredRES213 N Ocean AveSurf City$2,299,000

LBI New Jersey Real Estate Sales Analysis

While last week’s pending sales were much higher, 21 homes going under contract in a single week is still a significant amount of activity. Furthermore, the number of new listings increased this week. The addition of new listings is a big help given the lack of inventory for sale on Long Beach Island. While the world is still taking things one day at a time, for the moment the LBI real estate market is doing exceptionally well. 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 5/31/2020-6/7/2020 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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