LBI Real Estate Weekly Sales Update 8/16/2020-8/23/2020

LBI Real Estate Weekly Sales Update 8/16/2020-8/23/2020



Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 8/16/2020-8/23/2020

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

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 8/16/2020-8/23/2020: Even as we are starting to think about the end of summer, the LBI real estate market continues to charge forward. There were 134 changes to the MLS this 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 28 new listings entered the market with an average price of $1,256,339
  • 49 listings went under contact with an average listing price of about $1,075,249 (a new record)
  • 22 properties sold on Long Beach Island with an average price of $1,192,618
  • 24 listings were either withdrawn of expired in the LBI real estate market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

www.BuyLBI.com

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


LBI Real Estate Weekly Sales Update 8/16/2020-8/23/2020

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 TypeMLS #AddressCityCurrent Price – Decimal
Coming SoonNJOC401930219 Belvoir AveBeach Haven$1,599,000
Coming SoonNJOC40172013 E Middlesex AveHarvey Cedars$1,739,000
Coming SoonNJOC401944119 E 26thLong Beach Township$1,899,999
Coming SoonNJOC4018283709 OceanLong Beach Township$3,299,000
New ActiveNJOC40191623 N 10th StSurf City$1,500
New ActiveNJOC4015982904 Beach AveLong Beach Township$2,200
New ActiveNJOC4016881100 N Bay Ave #A1Beach Haven$449,000
New ActiveNJOC4017283601 Long Beach Blvd #U3Long Beach Township$549,000
New ActiveNJOC401732214 Leeward Ave #ABeach Haven$569,900
New ActiveNJOC401812273 S 1st StSurf City$699,999
New ActiveNJOC401796329 W Fairview AveBeach Haven$725,000
New ActiveNJOC401836130 S West Ave #201Beach Haven$729,000
New ActiveNJOC4019362 E 12th StBarnegat Light$799,000
New ActiveNJOC4018426 CohassetLong Beach Township$799,000
New ActiveNJOC4017441-A Sunset BlvdLong Beach Township$799,999
New ActiveNJOC40165420 Lange AveHarvey Cedars$849,000
New ActiveNJOC40165620 Lange AveHarvey Cedars$849,000
New ActiveNJOC401814217 N 20th StSurf City$899,000
New ActiveNJOC401786206 5th StBeach Haven$939,900
New ActiveNJOC4016304 E 18th StLong Beach Township$949,000
New ActiveNJOC4018561402 N Barnegat AveSurf City$995,000
New ActiveNJOC401546201 N 2nd StSurf City$1,099,000
New ActiveNJOC40162228 AuburnLong Beach Township$1,345,000
New ActiveNJOC4019244 E 72nd StHarvey Cedars$1,399,000
New ActiveNJOC401578402 Central AveBarnegat Light$1,399,000
New ActiveNJOC4013241050-B Long Beach #BLong Beach Township$1,499,000
New ActiveNJOC40188630 Panorama DrLong Beach Township$2,895,000
New ActiveNJOC401672101 Essex AveBeach Haven$5,400,000
Back to ActiveNJOC3992509 AmherstLong Beach Township$739,000
Back to ActiveNJOC401666101 Essex AveBeach Haven$4,000,000
Price DecreaseNJOC40147212900 Long Beach #BBeach Haven$500,000
Price DecreaseNJOC400292270 13th StSurf City$625,000
Price DecreaseNJOC4002046303 Long Beach BlvdHarvey Cedars$1,275,000
Price DecreaseNJOC40112417 E Texas AveLong Beach Township$1,299,000
Price DecreaseNJOC39237615 S 2nd StSurf City$1,549,000
Price DecreaseNJOC400504205 E 28th StLong Beach Township$1,895,000
Price DecreaseNJOC400500205 E 28th StLong Beach Township$1,895,000
Price DecreaseNJOC3996906809 Kent PlHarvey Cedars$2,399,000
Active Under ContractNJOC3972968 W 14thLong Beach Township$525,000
Active Under ContractNJOC4014008 E Mermaid LnLong Beach Township$675,000
Active Under ContractNJOC401410600-9 N Delaware Ave #9Beach Haven$699,000
Active Under ContractNJOC4000001053b-Unit 1 Long Beach BlvdLong Beach Township$949,000
Active Under ContractNJOC3969521 E FloridaLong Beach Township$999,500
Active Under ContractNJOC39880424 W WinifredLong Beach Township$1,099,000
Active Under ContractNJOC39985457-D Sunset BlvdLong Beach Township$1,149,000
Active Under ContractNJOC40005012 E 51st StLong Beach Township$1,499,000
Active Under ContractNJOC397460101 E 23rd StLong Beach Township$1,649,000
Active Under ContractNJOC398066142 W NewportLong Beach Township$1,999,999
Active Under ContractNJOC400846201 SE 34th StLong Beach Township$2,295,000
Active Under ContractNJOC400420208 E South 32ndLong Beach Township$3,195,000
PendingNJOC3991641410 Atlantic #2ND FLOORLong Beach Township$1,475
PendingNJOC3991561410 Atlantic #1ST FLOORLong Beach Township$1,550
PendingNJOC39455612 E 78th St #9Harvey Cedars$110,000
PendingNJOC4014666 Auburn Rd.Long Beach Township$489,000
PendingNJOC3871381405 Long Beach BlvdLong Beach Township$499,000
PendingNJOC4001121615 Central Ave #1BShip Bottom$504,900
PendingNJOC14125615 W South 33rd StLong Beach Township$549,000
PendingNJOC400948108 Division AveSurf City$569,000
PendingNJOC401554245 N 17th StSurf City$649,000
PendingNJOC401292130 S West Ave #105Beach Haven$695,000
PendingNJOC3928123 E 11th StBarnegat Light$695,000
PendingNJOC399710208 N Central AveSurf City$699,900
PendingNJOC399070249 W 16th StShip Bottom$725,000
PendingNJOC39696814 Osborn AveLong Beach Township$735,000
PendingNJOC40051628 RosemmaLong Beach Township$749,000
PendingNJOC399456339 W 6th StShip Bottom$749,000
PendingNJOC400470713 N Barnegat AveSurf City$749,900
PendingNJOC39941226 W 3rd StBarnegat Light$759,000
PendingNJOC3961441040-D Long Beach BlvdLong Beach Township$919,000
PendingNJOC397840107 E 23rd StLong Beach Township$950,000
PendingNJOC397792107 E 23rd StLong Beach Township$950,000
PendingNJOC400054115 E OceanviewLong Beach Township$950,000
PendingNJOC396760358 N 6th StSurf City$970,000
PendingNJOC40114215 87thLong Beach Township$999,000
PendingNJOC39545410 Drexel AveSurf City$1,149,000
PendingNJOC390628706 S Bay AveBeach Haven$1,198,000
PendingNJOC40174212 RooseveltLong Beach Township$1,250,000
PendingNJOC401860304 N 10th StSurf City$1,295,000
PendingNJOC40174017 RooseveltLong Beach Township$1,297,000
PendingNJOC400634122 E 32ndLong Beach Township$1,349,000
PendingNJOC1420261126-D Long Beach BlvdLong Beach Township$1,445,000
PendingNJOC399224105 E So. 32nd StLong Beach Township$1,449,000
PendingNJOC1384201806 Bay TerLong Beach Township$1,469,000
PendingNJOC401016104 E SailboatLong Beach Township$1,499,999
PendingNJOC39968639 Harbor LnLong Beach Township$1,995,000
PendingNJOC3991045104 S Long Beach BlvdLong Beach Township$1,995,000
PendingNJOC3710621903 Virginia AveBeach Haven$2,895,000
ClosedNJOC39942416 Harrington Ave #EASTLong Beach Township$1,600
ClosedNJOC138054401 Broadway #7Barnegat Light$300,000
ClosedNJOC385572245 W 5th StShip Bottom$500,000
ClosedNJOC3996105405 Long Beach BlvdHarvey Cedars$585,000
ClosedNJOC3994763 W CaliforniaLong Beach Township$680,000
ClosedNJOC39620611 E Beardsley AveLong Beach Township$705,000
ClosedNJOC398900134 E 24th StShip Bottom$829,000
ClosedNJOC39858415 E 14th StLong Beach Township$840,000
ClosedNJOC394722162-C Long Beach #CLong Beach Township$845,000
ClosedNJOC401616128 E OhioLong Beach Township$850,000
ClosedNJOC39948031 W Essex AveHarvey Cedars$850,000
ClosedNJOC3865346501 Bayview AveLong Beach Township$950,000
ClosedNJOC3987801701 Bay TerraceLong Beach Township$950,000
ClosedNJOC39635811 InletLong Beach Township$974,000
ClosedNJOC3908366309-D Long Beach Blvd #DHarvey Cedars$1,274,000
ClosedNJOC3999726805 Kent PlHarvey Cedars$1,625,000
ClosedNJOC39910262 Bayview DrLong Beach Township$1,700,000
ClosedNJOC3996326 E 86th StHarvey Cedars$1,779,000
ClosedNJOC399802213 N Ocean AveSurf City$2,250,000
ClosedNJOC39820211 E Middlesex AveHarvey Cedars$2,375,000
ClosedNJOC39782220 N 24th StSurf City$2,475,000
ClosedNJOC1378084911 S Long Beach BlvdLong Beach Township$2,900,000
Temporary Off MarketNJOC4008981104-E Long Beach Blvd #ELong Beach Township$825,000
Temporary Off MarketNJOC399958309 W 10th StShip Bottom$879,900
Temporary Off MarketNJOC4014541100-H Long BeachLong Beach Township$998,000
Temporary Off MarketNJOC3995941053b Long Beach BlvdLong Beach Township$1,844,000
WithdrawnNJOC39796828 28thLong Beach Township$12,666
WithdrawnNJOC395580117 MarinersLong Beach Township$1,425,000
WithdrawnNJOC400532117 MarinerLong Beach Township$1,425,000
WithdrawnNJOC395042117 Mariner LnLong Beach Township$1,425,000
WithdrawnNJOC39103813 E Middlesex AveHarvey Cedars$1,735,000
WithdrawnNJOC38695230 Panorama DrLong Beach Township$2,895,000
CanceledNJOC141568101 W 9th St #107Ship Bottom$589,000
CanceledNJOC394864101 W 9th St #201Ship Bottom$609,000
CanceledNJOC394984101 W 9th St #205Ship Bottom$620,000
CanceledNJOC394990101 W 9th St #206Ship Bottom$625,000
CanceledNJOC3993785003 S Long Beach #U4Long Beach Township$689,000
CanceledNJOC394866101 W 9th St #304Ship Bottom$739,000
CanceledNJOC1389041903 Virginia AveBeach Haven$1,359,000
CanceledNJOC392750101 Essex AveBeach Haven$4,000,000
ExpiredNJOC3867743 E 6th StBarnegat Light$599,000
ExpiredNJOC14117220 Lange AveHarvey Cedars$849,000
ExpiredNJOC14116620 Lange AveHarvey Cedars$849,000
ExpiredNJOC394422111 E LillieLong Beach Township$2,499,999
ExpiredNJOC38659857 Long Beach BlvdLong Beach Township$2,995,000
ExpiredNJOC394402157-C Long Beach BlvdLong Beach Township$3,149,000

LBI New Jersey Real Estate Sales Analysis

Once again, pending sales showed incredible numbers. There were almost 50 (yes 50) pending sales this week! That is a record. Closed sales were very high as well which is a good signal in that buyers are completing the transactions. One surprising statistic was an increase in expired, withdrawn and cancelled listings. That number jumped this week but is still far lower than anything else in the market. Overall the market continues to impress. Buyers, beware. There are opportunities for sure but also many ways to make a costly mistake. Buyers have to understand value to navigate this kind of market. 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 8/16/2020-8/23/2020 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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