Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 6/8/2020-6/14/2020
LBI Real Estate Weekly Sales Update 6/8/2020-6/14/2020 
LBI Real Estate Weekly Sales Update 6/8/2020-6/14/2020 
LBI Real Estate Weekly Sales Update 6/8/2020-6/14/2020
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 6/8/2020-6/14/2020: The number of changes to the Long Beach Island real estate MLS dropped off a little this week. There were a total of 85 changes compared to around 100 last week. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
- 13 new listings entered the market with an average price of $1,105,292
- 31 listings went under contact with an average listing price of about $1,043,193
- 11 properties sold on Long Beach Island with an average price of $1,412,182
- 14 listings were either withdrawn of expired in the LBI real estate market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 6/8/2020-6/14/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 Type | Cat | Address | City | Current Price – Decimal |
| Coming Soon | RES | 249 W 16th St | Ship Bottom | $725,000 |
| New Active | RES | 1117 N Long Beach Blvd | Surf City | $449,000 |
| New Active | RES | 106 E 20th St | Ship Bottom | $699,000 |
| New Active | RES | 114-W 25th Street W | Surf City | $749,900 |
| New Active | RES | 134 E 24th St | Ship Bottom | $829,000 |
| New Active | RES | 24 E California Ave | Long Beach Township | $949,000 |
| New Active | RES | 368 W 7th St | Ship Bottom | $1,065,000 |
| New Active | RES | 204 2nd St | Beach Haven | $1,125,000 |
| New Active | RES | 37 Amherst Rd | Long Beach Township | $1,149,900 |
| New Active | RES | 5010 Ocean Blvd | Long Beach Township | $1,250,000 |
| New Active | RES | 19 E 21st | Long Beach Township | $1,729,000 |
| New Active | RES | 62 Bayview Dr | Long Beach Township | $1,750,000 |
| New Active | RES | 1012 Shore Ave | Ship Bottom | $1,899,000 |
| Back to Active | MUL | 19 West 19th St | Long Beach Township | $699,000 |
| Back to Active | RES | 474 Schoderer Ln | Surf City | $1,950,000 |
| Price Decrease | RES | 7903 Long Beach #B | Long Beach Township | $378,300 |
| Price Decrease | COM | 1801 S Long Beach Blvd | Ship Bottom | $449,900 |
| Price Decrease | RES | 1 W 11th St #2 | Barnegat Light | $459,000 |
| Price Decrease | RES | 9206 Long Beach Blvd | Long Beach Township | $789,000 |
| Price Decrease | RES | 1001-A Long Beach Blvd | Long Beach Township | $849,000 |
| Price Decrease | LAND | 2111 Sunset Ave | Surf City | $1,020,000 |
| Price Decrease | RES | 1005 Barnegat Ave | Ship Bottom | $1,430,000 |
| Price Decrease | RES | 221 Holyoke Ave | Beach Haven | $1,849,000 |
| Price Decrease | RES | 108 Panorama Dr S | Long Beach Township | $1,899,000 |
| Price Decrease | RES | 181 Marina Blvd | Long Beach Township | $1,999,000 |
| Price Decrease | RES | 466 Schroderer Lane | Surf City | $2,225,000 |
| Price Decrease | RES | 1027-C Long Beach Blvd | Long Beach Township | $3,695,000 |
| Price Increase | RES | 12711-Beach Ave. Beach | Long Beach Township | $1,649,000 |
| Price Increase | RES | 123 E Texas Ave | Long Beach Township | $4,695,000 |
| Active Under Contract | RES | 808 E Bay Club Ln | Beach Haven | $749,900 |
| Active Under Contract | RES | 1804 Waverly | Long Beach Township | $819,000 |
| Active Under Contract | MUL | 125 E 29th | Long Beach Township | $879,000 |
| Active Under Contract | RES | 125 E 29th | Long Beach Township | $879,000 |
| Active Under Contract | RES | 6501 Bayview Ave | Long Beach Township | $1,049,000 |
| Active Under Contract | RES | 4 E 24th St | Long Beach Township | $1,149,900 |
| Active Under Contract | RES | 1104 Central Ave | Barnegat Light | $1,195,000 |
| Active Under Contract | RES | 428 5th St | Beach Haven | $1,289,000 |
| Active Under Contract | RES | 6309-D Long Beach Blvd #D | Harvey Cedars | $1,299,000 |
| Pending | RES | 6 E Indiana Ave #C6F | Long Beach Township | $295,700 |
| Pending | RES | 310 S West Ave #3G | Beach Haven | $379,000 |
| Pending | RES | 12 W 6th St | Barnegat Light | $575,000 |
| Pending | RES | 128 E 30th St #1 | Ship Bottom | $595,000 |
| Pending | MUL | 14 W Harrington Ave | Long Beach Township | $599,000 |
| Pending | MUL | 8702 Beach Ave | Long Beach Township | $720,000 |
| Pending | MUL | 98 Arnold | Long Beach Township | $749,000 |
| Pending | RES | 44 W Ohio Ave | Long Beach Township | $749,500 |
| Pending | RES | 6302 Long Beach Blvd | Harvey Cedars | $749,999 |
| Pending | RES | 8312 Long Beach Blvd | Harvey Cedars | $829,000 |
| Pending | RES | 15 E 14th St | Long Beach Township | $875,000 |
| Pending | RES | 100 E Muriel | Long Beach Township | $979,000 |
| Pending | RES | 18 W Janet Road | Long Beach Township | $999,000 |
| Pending | RES | 4 E Hobart Ave | Long Beach Township | $999,000 |
| Pending | RES | 5 W Marshall Ave | Long Beach Township | $1,199,000 |
| Pending | RES | 3 Buckingham Ave | Harvey Cedars | $1,295,000 |
| Pending | RES | 3304 Harbor Dr | Long Beach Township | $1,325,000 |
| Pending | RES | 116 E Jerome Ave | Long Beach Township | $1,499,999 |
| Pending | RES | 128 W Winifred | Long Beach Township | $1,579,000 |
| Pending | RES | 6212 Ocean Blvd. | Long Beach Township | $1,895,000 |
| Pending | RES | 356 Dusty Miller Dr | Long Beach Township | $1,949,000 |
| Pending | RES | 213 E 32nd | Long Beach Township | $2,195,000 |
| Closed | RES | 104 E 32nd #2 | Long Beach Township | $660,000 |
| Closed | RES | 168-B Long Beach Blvd #B | Long Beach Township | $940,000 |
| Closed | RES | 711 S Beach Ave | Beach Haven | $949,000 |
| Closed | RES | 10 E 17th St | Barnegat Light | $990,000 |
| Closed | RES | 108 Nevada | Long Beach Township | $1,100,000 |
| Closed | RES | 73 Sunset Blvd | Long Beach Township | $1,275,000 |
| Closed | RES | 4804 Bay Terrace | Long Beach Township | $1,350,000 |
| Closed | RES | 177a Long Beach Blvd | Long Beach Township | $1,530,000 |
| Closed | RES | 3301 S Long Beach Blvd | Long Beach Township | $1,735,000 |
| Closed | RES | 123-East 19th | Long Beach Township | $2,305,000 |
| Closed | RES | 4403 Ocean | Long Beach Township | $2,700,000 |
| Temporary Off Market | RES | 328 Norwood Ave | Beach Haven | $1,295,000 |
| Withdrawn | RES | 1000 N Bay Ave #M-11 | Beach Haven | $525,000 |
| Withdrawn | MUL | 10 Marshall | Long Beach Township | $689,000 |
| Withdrawn | RES | 10 Marshall Ave | Long Beach Township | $689,000 |
| Withdrawn | RES | 30 N 3rd St | Surf City | $799,000 |
| Withdrawn | RES | 400 Jefferis Ave | Beach Haven | $1,990,000 |
| Withdrawn | RES | 201 W 15th St W | Ship Bottom | $670,000 |
| Canceled | RES | 19 E 21st | Long Beach Township | $1,729,000 |
| Expired | RES | 701 Ocean Ave | Ship Bottom | $139,000 |
| Expired | RES | 207 W 5th St | Ship Bottom | $699,900 |
| Expired | RES | 111 E 26 St | Ship Bottom | $703,000 |
| Expired | RES | 44 Division Ave | Surf City | $969,000 |
| Expired | RES | 32 4th St | Surf City | $1,449,000 |
| Expired | RES | 3 Arts | Long Beach Township | $2,895,000 |
LBI New Jersey Real Estate Sales Analysis
While the number of changes to the MLS was lower this week than last, there was a noticeable increase in pending sales. The market on LBI continues to be VERY strong and buyer activity is though the roof. This is evident in the higher than average number of pending sales and the more or less average number of closed sales (remember a closing this week most likely originated about 30-60 days ago when the market was a little slower). One serious problem the market will face is inventory. There are far too many homes coming off the market and not enough coming on. As an example, this week 45 listings left the market by either being withdrawn, expired or sold. There were only 13 new listings that came on the market. Ifthis continues, it will pose a problem for buyers in the weeks and months to come. 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 6/8/2020-6/14/2020 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
More LBI Real Estate Information:
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Why the LBI Real Estate Market Won’t Crash
LBI Real Estate, COVID-19, and Technology
Inventory Remains a Challenge in the LBI Real Estate Market