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 Weekly Sales Update LBI Real Estate Weekly Sales 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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  • 14 listings were either withdrawn of expired in the LBI real estate market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 |

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 TypeCatAddressCityCurrent Price – Decimal
Coming SoonRES249 W 16th StShip Bottom$725,000
New ActiveRES1117 N Long Beach BlvdSurf City$449,000
New ActiveRES106 E 20th StShip Bottom$699,000
New ActiveRES114-W 25th Street WSurf City$749,900
New ActiveRES134 E 24th StShip Bottom$829,000
New ActiveRES24 E California AveLong Beach Township$949,000
New ActiveRES368 W 7th StShip Bottom$1,065,000
New ActiveRES204 2nd StBeach Haven$1,125,000
New ActiveRES37 Amherst RdLong Beach Township$1,149,900
New ActiveRES5010 Ocean BlvdLong Beach Township$1,250,000
New ActiveRES19 E 21stLong Beach Township$1,729,000
New ActiveRES62 Bayview DrLong Beach Township$1,750,000
New ActiveRES1012 Shore AveShip Bottom$1,899,000
Back to ActiveMUL19 West 19th StLong Beach Township$699,000
Back to ActiveRES474 Schoderer LnSurf City$1,950,000
Price DecreaseRES7903 Long Beach #BLong Beach Township$378,300
Price DecreaseCOM1801 S Long Beach BlvdShip Bottom$449,900
Price DecreaseRES1 W 11th St #2Barnegat Light$459,000
Price DecreaseRES9206 Long Beach BlvdLong Beach Township$789,000
Price DecreaseRES1001-A Long Beach BlvdLong Beach Township$849,000
Price DecreaseLAND2111 Sunset AveSurf City$1,020,000
Price DecreaseRES1005 Barnegat AveShip Bottom$1,430,000
Price DecreaseRES221 Holyoke AveBeach Haven$1,849,000
Price DecreaseRES108 Panorama Dr SLong Beach Township$1,899,000
Price DecreaseRES181 Marina BlvdLong Beach Township$1,999,000
Price DecreaseRES466 Schroderer LaneSurf City$2,225,000
Price DecreaseRES1027-C Long Beach BlvdLong Beach Township$3,695,000
Price IncreaseRES12711-Beach Ave. BeachLong Beach Township$1,649,000
Price IncreaseRES123 E Texas AveLong Beach Township$4,695,000
Active Under ContractRES808 E Bay Club LnBeach Haven$749,900
Active Under ContractRES1804 WaverlyLong Beach Township$819,000
Active Under ContractMUL125 E 29thLong Beach Township$879,000
Active Under ContractRES125 E 29thLong Beach Township$879,000
Active Under ContractRES6501 Bayview AveLong Beach Township$1,049,000
Active Under ContractRES4 E 24th StLong Beach Township$1,149,900
Active Under ContractRES1104 Central AveBarnegat Light$1,195,000
Active Under ContractRES428 5th StBeach Haven$1,289,000
Active Under ContractRES6309-D Long Beach Blvd #DHarvey Cedars$1,299,000
PendingRES6 E Indiana Ave #C6FLong Beach Township$295,700
PendingRES310 S West Ave #3GBeach Haven$379,000
PendingRES12 W 6th StBarnegat Light$575,000
PendingRES128 E 30th St #1Ship Bottom$595,000
PendingMUL14 W Harrington AveLong Beach Township$599,000
PendingMUL8702 Beach AveLong Beach Township$720,000
PendingMUL98 ArnoldLong Beach Township$749,000
PendingRES44 W Ohio AveLong Beach Township$749,500
PendingRES6302 Long Beach BlvdHarvey Cedars$749,999
PendingRES8312 Long Beach BlvdHarvey Cedars$829,000
PendingRES15 E 14th StLong Beach Township$875,000
PendingRES100 E MurielLong Beach Township$979,000
PendingRES18 W Janet RoadLong Beach Township$999,000
PendingRES4 E Hobart AveLong Beach Township$999,000
PendingRES5 W Marshall AveLong Beach Township$1,199,000
PendingRES3 Buckingham AveHarvey Cedars$1,295,000
PendingRES3304 Harbor DrLong Beach Township$1,325,000
PendingRES116 E Jerome AveLong Beach Township$1,499,999
PendingRES128 W WinifredLong Beach Township$1,579,000
PendingRES6212 Ocean Blvd.Long Beach Township$1,895,000
PendingRES356 Dusty Miller DrLong Beach Township$1,949,000
PendingRES213 E 32ndLong Beach Township$2,195,000
ClosedRES104 E 32nd #2Long Beach Township$660,000
ClosedRES168-B Long Beach Blvd #BLong Beach Township$940,000
ClosedRES711 S Beach AveBeach Haven$949,000
ClosedRES10 E 17th StBarnegat Light$990,000
ClosedRES108 NevadaLong Beach Township$1,100,000
ClosedRES73 Sunset BlvdLong Beach Township$1,275,000
ClosedRES4804 Bay TerraceLong Beach Township$1,350,000
ClosedRES177a Long Beach BlvdLong Beach Township$1,530,000
ClosedRES3301 S Long Beach BlvdLong Beach Township$1,735,000
ClosedRES123-East 19thLong Beach Township$2,305,000
ClosedRES4403 OceanLong Beach Township$2,700,000
Temporary Off MarketRES328 Norwood AveBeach Haven$1,295,000
WithdrawnRES1000 N Bay Ave #M-11Beach Haven$525,000
WithdrawnMUL10 MarshallLong Beach Township$689,000
WithdrawnRES10 Marshall AveLong Beach Township$689,000
WithdrawnRES30 N 3rd StSurf City$799,000
WithdrawnRES400 Jefferis AveBeach Haven$1,990,000
WithdrawnRES201 W 15th St WShip Bottom$670,000
CanceledRES19 E 21stLong Beach Township$1,729,000
ExpiredRES701 Ocean AveShip Bottom$139,000
ExpiredRES207 W 5th StShip Bottom$699,900
ExpiredRES111 E 26 StShip Bottom$703,000
ExpiredRES44 Division AveSurf City$969,000
ExpiredRES32 4th StSurf City$1,449,000
ExpiredRES3 ArtsLong 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 |

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Inventory Remains a Challenge in the LBI Real Estate Market

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