Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 8/23/2020-8/30/2020
LBI Real Estate Weekly Sales Update 8/23/2020-8/30/2020 
LBI Real Estate Weekly Sales Update 8/23/2020-8/30/2020 
LBI Real Estate Weekly Sales Update 8/23/2020-8/30/2020
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 8/23/2020-8/30/2020: There were 113 changes to the real estate market on Long Beach Island this week which, yet again, is a tremendous amount of activity. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
- 24 new listings entered the market with an average price of $1,144,496
- 43 listings went under contact with an average listing price of about $1,3,27,258
- 18 properties sold on Long Beach Island with an average price of $1,001,000
- 4 listings were either withdrawn of expired in the LBI real estate market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 8/23/2020-8/30/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | MLS # | Address | City | Current Price – Decimal |
| Coming Soon | NJOC402158 | 1607 Sunset Ave | Surf City | $639,000 |
| Coming Soon | NJOC402120 | 1607 Sunset Ave | Surf City | $639,000 |
| Coming Soon | NJOC401994 | 9 Pearl St #2C | Beach Haven | $675,000 |
| Coming Soon | NJOC401986 | 357 N 1st St | Surf City | $750,000 |
| Coming Soon | NJOC402168 | 11 E Maryland | Long Beach Township | $899,900 |
| New Active | NJOC401870 | 1702 Long Beach Blvd | Ship Bottom | $2,500.00 |
| New Active | NJOC401978 | 10 W Winifred #U1 | Long Beach Township | $489,000 |
| New Active | NJOC402098 | 809 Central Ave | Barnegat Light | $605,000 |
| New Active | NJOC401796 | 329 W Fairview Ave | Beach Haven | $725,000 |
| New Active | NJOC402078 | 3 Sea Gull | Long Beach Township | $759,000 |
| New Active | NJOC401936 | 2 E 12th St | Barnegat Light | $799,000 |
| New Active | NJOC402110 | 315 W 14th St | Ship Bottom | $825,000 |
| New Active | NJOC401832 | 9 E 25th St | Barnegat Light | $899,000 |
| New Active | NJOC402138 | 244 W 12th St | Ship Bottom | $999,000 |
| New Active | NJOC402004 | 531 Engleside Ave | Beach Haven | $999,000 |
| New Active | NJOC401914 | 26 N 24th St | Surf City | $999,500 |
| New Active | NJOC401958 | 9805 Beach | Long Beach Township | $1,175,000 |
| New Active | NJOC401502 | 19 E 37th | Long Beach Township | $1,399,000 |
| New Active | NJOC401924 | 4 E 72nd St | Harvey Cedars | $1,399,000 |
| New Active | NJOC402010 | 14 E 50th St | Long Beach Township | $1,489,000 |
| New Active | NJOC402082 | 2 E 34th | Long Beach Township | $1,495,000 |
| New Active | NJOC401930 | 219 Belvoir Ave | Beach Haven | $1,599,000 |
| New Active | NJOC402172 | 17 N 7th St | Surf City | $1,949,000 |
| New Active | NJOC401948 | 108 Tennessee Ave | Long Beach Township | $2,599,000 |
| New Active | NJOC401828 | 3709 Ocean | Long Beach Township | $3,299,000 |
| Back to Active | NJOC401836 | 130 S West Ave #201 | Beach Haven | $729,000 |
| Back to Active | NJOC401508 | 223 W 18th St | Ship Bottom | $749,900 |
| Price Decrease | NJOC401338 | 1001 Ocean Ave #1014 | Ship Bottom | $749,500 |
| Price Decrease | NJOC400090 | 421 2nd St | Beach Haven | $937,000 |
| Price Decrease | NJOC399218 | 100 S West Ave #4 | Beach Haven | $999,000 |
| Price Decrease | NJOC399238 | 4205 S Long Beach Blvd | Long Beach Township | $1,329,000 |
| Price Decrease | NJOC400552 | 5311-A Long Beach Blvd #A | Harvey Cedars | $1,699,000 |
| Price Decrease | NJOC396362 | 155-C Long Beach Blvd. | Long Beach Township | $1,849,000 |
| Price Decrease | NJOC399690 | 6809 Kent Pl | Harvey Cedars | $2,225,000 |
| Price Decrease | NJOC400144 | 13 Auburn Road | Long Beach Township | $2,350,000 |
| Price Increase | NJOC397154 | 510 N Bay Ave #207 | Beach Haven | $669,000 |
| Price Increase | NJOC397150 | 510 N Bay Ave #203 | Beach Haven | $669,000 |
| Price Increase | NJOC397170 | 510 N Bay Ave #208 | Beach Haven | $689,000 |
| Price Increase | NJOC397160 | 510 N Bay Ave #206 | Beach Haven | $689,000 |
| Price Increase | NJOC397158 | 510 N Bay Ave #307 | Beach Haven | $699,000 |
| Price Increase | NJOC397156 | 510 N Bay Ave #303 | Beach Haven | $699,000 |
| Price Increase | NJOC397172 | 510 N Bay Ave #308 | Beach Haven | $709,000 |
| Price Increase | NJOC397168 | 510 N Bay Ave #306 | Beach Haven | $709,000 |
| Price Increase | NJOC397166 | 510 N Bay Ave #304 | Beach Haven | $709,000 |
| Price Increase | NJOC397180 | 510 N Bay Ave #209 | Beach Haven | $729,000 |
| Price Increase | NJOC397176 | 510 N Bay Ave #202 | Beach Haven | $739,000 |
| Active Under Contract | NJOC401812 | 273 S 1st St | Surf City | $699,999 |
| Active Under Contract | NJOC398668 | 328 W 16th St | Ship Bottom | $749,500 |
| Active Under Contract | NJOC394792 | 1710 E Blvd | Ship Bottom | $999,000 |
| Active Under Contract | NJOC401216 | 1903 Bay Terrace | Long Beach Township | $1,075,000 |
| Active Under Contract | NJOC399076 | 204 2nd St | Beach Haven | $1,250,000 |
| Active Under Contract | NJOC399350 | 328 Norwood Ave | Beach Haven | $1,295,000 |
| Active Under Contract | NJOC401622 | 28 Auburn | Long Beach Township | $1,345,000 |
| Active Under Contract | NJOC401240 | 108 S 32nd | Long Beach Township | $1,395,000 |
| Active Under Contract | NJOC386914 | 200 S Atlantic Ave | Beach Haven | $2,395,000 |
| Active Under Contract | NJOC386828 | 200 S Atlantic Ave | Beach Haven | $2,395,000 |
| Pending | NJOC398524 | 2708 Long Beach Blvd #5 | Ship Bottom | $325,000 |
| Pending | NJOC401728 | 3601 Long Beach Blvd #U3 | Long Beach Township | $549,000 |
| Pending | NJOC401962 | 342 6th Street | Surf City | $550,000 |
| Pending | NJOC398424 | 204 S Pennsylvania Ave | Beach Haven | $629,000 |
| Pending | NJOC400288 | 122 E 29th St | Ship Bottom | $699,900 |
| Pending | NJOC400284 | 122 E 29th St | Ship Bottom | $699,900 |
| Pending | NJOC138048 | 1072-A Long Beach Blvd | Long Beach Township | $715,000 |
| Pending | NJOC397174 | 510 N Bay Ave #301 | Beach Haven | $719,000 |
| Pending | NJOC401680 | 14 E Selfridge | Long Beach Township | $730,000 |
| Pending | NJOC397188 | 510 N Bay Ave #310 | Beach Haven | $779,000 |
| Pending | NJOC401196 | 102 Rooservelt Ave W #6 | Long Beach Township | $799,000 |
| Pending | NJOC401128 | 2210 Central Ave | Ship Bottom | $799,900 |
| Pending | NJOC401744 | 1-A Sunset Blvd | Long Beach Township | $799,999 |
| Pending | NJOC400744 | 219 W 18th St | Ship Bottom | $829,999 |
| Pending | NJOC401242 | 3 W 29th St #B | Long Beach Township | $839,900 |
| Pending | NJOC401454 | 1100-H Long Beach | Long Beach Township | $998,000 |
| Pending | NJOC401546 | 201 N 2nd St | Surf City | $1,099,000 |
| Pending | NJOC394778 | 1814 Bay Terrace | Long Beach Township | $1,100,000 |
| Pending | NJOC401064 | 133 B Long Beach Blvd. | Long Beach Township | $1,279,000 |
| Pending | NJOC401124 | 17 E Texas Ave | Long Beach Township | $1,299,000 |
| Pending | NJOC401430 | 18 N 15th St | Surf City | $1,399,000 |
| Pending | NJOC138080 | 204 S 1st St | Surf City | $1,399,000 |
| Pending | NJOC392138 | 1005 Barnegat Ave | Ship Bottom | $1,430,000 |
| Pending | NJOC399464 | 221 Kentford Ave | Beach Haven | $1,450,000 |
| Pending | NJOC400750 | 34 Adrian | Long Beach Township | $1,495,000 |
| Pending | NJOC399924 | 38 N 13th St | Surf City | $1,629,000 |
| Pending | NJOC396350 | 155-D Long Beach Blvd. | Long Beach Township | $1,799,000 |
| Pending | NJOC398312 | 29 N 11th St | Surf City | $1,839,000 |
| Pending | NJOC401944 | 119 E 26th | Long Beach Township | $1,899,999 |
| Pending | NJOC399844 | 7-A E 69th St | Harvey Cedars | $1,999,000 |
| Pending | NJOC396046 | 7401 Ocean Blvd | Long Beach Township | $2,100,000 |
| Pending | NJOC394422 | 111 E Lillie | Long Beach Township | $2,499,999 |
| Pending | NJOC138330 | 208 E 21st St | Long Beach Township | $6,295,000 |
| Closed | NJOC396386 | 333 W 18th St | Ship Bottom | $565,000 |
| Closed | NJOC394924 | 9102 Long Beach Blvd | Long Beach Township | $585,000 |
| Closed | NJOC399706 | 316 N 3rd St | Surf City | $615,000 |
| Closed | NJOC399070 | 249 W 16th St | Ship Bottom | $700,000 |
| Closed | NJOC399710 | 208 N Central Ave | Surf City | $700,000 |
| Closed | NJOC400402 | 102 W Rooservelt Ave W #1 OR A | Long Beach Township | $715,000 |
| Closed | NJOC399440 | 8302 Beach Ave | Long Beach Township | $715,000 |
| Closed | NJOC398258 | 317 W Fairview Avenue | Beach Haven | $718,000 |
| Closed | NJOC399456 | 339 W 6th St | Ship Bottom | $733,000 |
| Closed | NJOC387188 | 1215 Central Ave | Ship Bottom | $800,000 |
| Closed | NJOC397184 | 510 N Bay Ave #210 | Beach Haven | $819,000 |
| Closed | NJOC398566 | 2208 Central Ave | Barnegat Light | $890,000 |
| Closed | NJOC399180 | 1812 Bay Ter | Ship Bottom | $989,000 |
| Closed | NJOC390836 | 6309-D Long Beach Blvd #D | Harvey Cedars | $1,274,000 |
| Closed | NJOC382710 | 400 Leeward Ave | Beach Haven | $1,350,000 |
| Closed | NJOC399224 | 105 E So. 32nd St | Long Beach Township | $1,450,000 |
| Closed | NJOC397676 | 181 Marina Blvd | Long Beach Township | $1,900,000 |
| Closed | NJOC140616 | 7303 Ocean Blvd | Long Beach Township | $2,500,000 |
| Withdrawn | NJOC386380 | 9312 Mark Dr | Beach Haven | $1,299,000 |
| Canceled | NJOC394862 | 101 W 9th St #207 | Ship Bottom | $627,000 |
| Canceled | NJOC397316 | 61-D Long Beach #D | Long Beach Township | $6,999,000 |
| Expired | NJOC396296 | 3 E 34th | Long Beach Township | $1,345,000 |
| Expired | NJOC391038 | 13 E Middlesex Ave | Harvey Cedars | $1,735,000 |
| Expired | NJOC395754 | 913 S Atlantic Ave | Beach Haven | $2,299,000 |
LBI New Jersey Real Estate Sales Analysis
Once again pending sales dominated the market and further reduced the low inventory levels on Long Beach Island. The high demand for listings is not only evident in the pending and closed sales but also in the fact there were only 4 withdrawn or expired listings. This tells us that buyers are buying almost anything on the market right now, which is not a good thing. Buyers need to be careful in a market like this and with that kind of disparity in numbers, some buyers are making a mistake. There are opportunities here to be sure, but I fear that inexperienced agents may be guiding buyers incorrectly. For example, I received a phone call last week from an individual who was closing on a home the next day and needed to obtain insurance. She was not aware that she needed insurance and her agent never told her because this agent did not know flood insurance was needed on a home with a mortgage. Such a basic and fundamental lack of understanding about the LBI real estate market leads me to the conclusion that some buyers are receiving very poor advice on the market and what drive value. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI Real Estate Weekly Sales Update 8/23/2020-8/30/2020 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
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