Long Beach Island Real Estate Market Update for the Week of 1/14/2019-1/20/2019

Long Beach Island Real Estate Market Update 12/23/2018-12/31/2018

LBI Real Estate Market Listing Progress for the Week of 1/14/2019-1/20/2019

Long Beach Island Real Estate

The LBI real estate market saw a tremendous amount of activity over the last week as this Long Beach Island Real Estate Market Update shows. To help understand the dynamics of the LBI real estate market I publish This weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. In this week’s update you will find the LBI real estate market update for the week of 1/14/2019-1/20/2019. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 34 new listings entered the market with an average price of $1,097,388 (rounded)
  • 8 listings went under contact with an average price of $654,900 (rounded)
  • 13 properties sold on Long Beach Island with an average price of $1,012,800 (rounded)
  • 24 listings were either withdrawn of expired in the LBI real estate market

Long Beach Island Real Estate Market Update for the Week of

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, “P” means the property is under contract (pending), “C” means the property sold and “W” or “X” means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.

Property TypeChg TypeMLS#Street NumberStreet NameMunicipalityCurrent PriceBeds TotalBaths FullBaths HalfSq Ft TotalDOM
RESNEW40589561174th Unit 2Harvey Cedars$135,000 31195038
RESNEW40600424801Long Beach Unit 6Long Beach Twp$189,000 3111,00012
RESNEW40599999PearlBeach Haven Borough$485,000 2201,0004
RESNEW40600491817CentralShip Bottom$495,000 5202,4003
COMNEW40600431817CentralShip Bottom$495,000 00003
RESNEW40588533646thShip Bottom$599,000 4201,2802
RESDOWN4055053601DelBeach Haven Borough$607,500 4202,000117
RESNEW40588583434thSurf City$639,000 3111,0906
RESDOWN40552798CarolinaLong Beach Twp$649,000 3201,414107
MULNEW40589791JeanetteLong Beach Twp$649,900 0001,3503
RESNEW40589781JeanetteLong Beach Twp$649,900 4211,3504
RESNEW405896011BayberryLong Beach Twp$679,000 5201,4566
RESNEW4058894101EnglesideBeach Haven Borough$679,000 3201,3008
RESNEW405899320217thShip Bottom$720,000 3109365
RESNEW406003329CulverLong Beach Twp$750,000 4111,3202
RESNEW40589401916BayShip Bottom$759,000 4201,7007
MULNEW40589381916BayShip Bottom$759,000 0001,7007
RESDOWN40551606CohassetLong Beach Twp$764,000 4201,350111
RESDOWN40474471100A North BeachLBBLong Beach Twp$829,000 3201,683276
RESBOM4050084608BeachBeach Haven Borough$835,000 4201,800174
RESNEW40588719319MarkLong Beach Twp$839,000 3201,4008
RESNEW405897712301Old WhalingLong Beach Twp$849,500 4302,6304
RESNEW40599893144thShip Bottom$875,000 4201,7924
RESNEW4060013613BarnegatSurf City$889,900 5212,4363
RESBOM4054974427thBarnegat Light$899,000 6212,016154
RESNEW405898210021stLong Beach Twp$929,000 5313,3605
RESNEW405881423422ndSurf City$959,000 3201,19217
RESNEW40589294904Long BeachLong Beach Twp$969,000 4212,1007
RESDOWN40552157706OceanLong Beach Twp$999,000 4212,185110
MULNEW40589962174thBeach Haven Borough$999,999 0002,3005
COMDOWN40600563705Long BeachLong Beach Twp$999,999 00001
RESDOWN40554262LaBaiaLong Beach Twp$999,999 4212,20298
RESNEW40599931123rdBarnegat Light$1,049,000 3201,5814
RESNEW4060048187NautilusLong Beach Twp$1,050,000 4211,7502
RESDOWN40514081819BarnegatShip Bottom$1,199,000 4312,00094
RESNEW4060067148 BLong BeachLong Beach Twp$1,249,000 4312,5840
RESNEW405893513118thShip Bottom$1,329,000 4312,2883
RESNEW4058510122East 24Ship Bottom$1,349,000 4312,0522
RESBOM4056875706BayBeach Haven Borough$1,449,000 5312,50030
RESNEW40589761543rdLong Beach Twp$1,475,000 4312,8144
RESDOWN405700812EssexHarvey Cedars$1,790,000 4302,35970
RESNEW405899825BarnegatHarvey Cedars$1,998,000 4312,8504
RESNEW4058989903SeaviewBarnegat Light$2,100,000 5403,3003
RESNEW40589182410AtlanticLong Beach Twp$2,200,000 6423,6167
RESNEW406004613121stShip Bottom$2,300,000 6203,0005
RESNEW4058923112TexasLong Beach Twp$2,699,000 5413,3197
RESNEW405895215Ocean (N 1st St)Surf City$3,995,000 6413,6962
MULK405166726OceanviewLong Beach Twp$599,900 0001,294177
COMP4058209500BayBeach Haven Borough$105,000 000051
RESP405838010Osborn Unit 101Long Beach Twp$399,900 32095738
LNDP40589024204Long BeachLong Beach Twp$460,000 00002
LNDP40588888ScottLong Beach Twp$500,000 00003
RESP40586514Mac EvoyLong Beach Twp$724,900 4211,75217
RESP4056972112MarylandLong Beach Twp$899,900 4201,78868
MULP405689530East 9th StreetBarnegat Light$975,000 0002,13673
RESP405864924JoshuaLong Beach Twp$1,175,000 4312,30012
COMW4042838110BayBeach Haven Borough$595,000 0001,800372
RESW405359010021stLong Beach Twp$949,000 5313,360133
RESW405689630East 9th StreetBarnegat Light$975,000 5402,13673
RESW40536494904Long BeachLong Beach Twp$999,000 4212,100129
COMW4053251108BayBeach Haven Borough$999,000 0003,700146
RESV405855920217thShip Bottom$720,000 31093627
RESV4054961806BayviewBarnegat Light$1,799,000 5323,548118
RESV404774713815thShip Bottom$2,499,000 8424,140250
MULV404762713815thShip Bottom$2,499,000 0004,140252
LNDV405505710SixthBeach Haven Borough$3,400,000 0003,250177
RESV405156310SixthBeach Haven Borough$3,400,000 6313,250177
RESC401683711MercerHarvey Cedars$122,000 3112,400882
RESC40600404801Long Beach Unit 9Long Beach Twp$138,500 3111,00012
RESC40600414801Long Beach Unit 7Long Beach Twp$140,000 3111,00012
RESC40600444801Long Beach Unit 6Long Beach Twp$189,000 3111,00012
RESC40600454801Long Beach Unit 8-10Long Beach Twp$280,000 3111,00012
RESC40475921903PennsylvaniaShip Bottom$435,000 210697242
RESC4047972741stLong Beach Twp$449,000 31079279
RESC405818612412thBeach Haven Borough$785,000 3112,50011
RESC40550921216thShip Bottom$1,200,000 4312,75478
RESC40377235003WestLong Beach Twp$1,250,000 4413,050339
RESC40428801211th StreetSurf City$1,800,000 4312,52739
RESC40550336401OceanLong Beach Twp$2,300,000 6401,968101
RESC4043246125North CarolinaLong Beach Twp$3,200,000 6324,000325
LNDX40517791001BarnegatShip Bottom$495,000 000095
RESX40517821001BarnegatShip Bottom$495,000 000087
RESX405168726OceanviewLong Beach Twp$599,900 4201,294174
RESX40513811JeanetteLong Beach Twp$649,900 4211,350184
MULX40513841JeanetteLong Beach Twp$649,900 0001,350184
RESX405144310416thLong Beach Twp$849,500 3211,776175
RESX40496751204BeachBeach Haven Borough$959,000 5312,37550
RESX40497231204BeachBeach Haven Borough$959,000 5312,37550
RESX40517761001BarnegatShip Bottom$1,145,000 5312,60095
RESX405694413118thShip Bottom$1,338,000 4312,28826
RESX4049789122East 24Ship Bottom$1,349,000 4312,052213
RESX40481711543rdLong Beach Twp$1,499,000 4312,814237
RESX405175592PanoramaLong Beach Twp$2,250,000 5403,410172

Long Beach Island Real Estate Sales Analysis

Status: Active (47)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min2.936$135,000 $142.11
Max643,696$3,995,000 $1,080.90 276
Avg422,009$1,080,994 $526.84 33
Median422,000$889,900 $488.28 .5
Sum...$50,806,697 ...
Status: Contract-Show (1)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min.1,294$599,900 $463.60 177
Max.1,294$599,900 $463.60 177
Avg.1,294$599,900 $463.60 177
Median.1,294$599,900 $463.60 .177
Sum...$599,900 ...
Status: Under Contract (8)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min3.957$105,000 $413.76 2
Max432,300$1,175,000 $510.87 73
Avg411,787$654,963 $460.45 33
Median411,788$612,450 $456.46 .27
Sum...$5,239,700 ...
Status: Withdrawn (5)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min4.1,800$595,000 $270.00 73
Max543,700$999,000 $475.71 372
Avg522,619$903,400 $363.03 171
Median522,136$975,000 $330.56 .133
Sum...$4,517,000 ...
Status: Cond Withdrawn (6)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min3.936$720,000 $507.05 27
Max844,140$3,400,000 $1,046.15 252
Avg623,211$2,386,167 $762.64 167
Median523,399$2,499,000 $686.43 177
Status: Closed (13)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min21697$129,900 $50.83 89.01%11
Max644,000$3,595,000 $1,168.70 100%882
Avg421,899$1,012,800 $448.46 96.36%165
Median311,968$454,000 $409.84 .78
Sum...$13,166,400 ....
Status: Expired (13)
BedsBathsSq Ft TotalList PriceRATIO Current Price By SQFTRATIO Close Price By List PriceDOM
Min...$495,000 $403.79 26
Max543,410$2,250,000 $659.82 237
Avg421,974$1,018,323 $507.95 134
Median432,170$959,000 $481.41 .172
Sum...$13,238,200 ...

Once again there were an abundance of new (and re-listed) properties on the market. This is very helpful as inventory in the LBI market has been very low. The average price of pending and sold homes continues to hover around the $1,000,000. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI Real Estate Market Update for the week of 1/14/2019-1/20/2019 please do not hesitate to contact me.

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

More LBI Real Estate Information:

LBI Real Estate Listing Price and Sale Price Ratios

Long Beach Island Average Days on the Market

LBI Real Estate Active Listing Market Activity

LBI Real Estate Market Appreciation