Long Beach Island Real Estate Sales Market Update June 5th 2024

Jun 5, 2024
3 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for June 5th 2024

Long Beach Island Real Estate Sales Market Update June 5th 2024

Today was a busy day in the LBI NJ real estate market, with a total of 14 changes in this Long Beach Island real estate market update. Overall, activity was spread across new listings, pending sales, and price drops, the latter of which is helpful for buyers in the LBI real estate market. There were a lot of withdrawn and expired listings today, which is a bit more common this time of year as homeowners pull their properties from the market for the summer season. Today's LBI real estate market update is as follows:

2 new listings came up for sale in the LBI real estate market
3 homes went under contract on LBI
0 homes sold on Long Beach Island
5 homes saw a price reduction in the LBI real estate market

LBI Real Estate Daily Market Update June 5th 2024

Below is a breakdown of all changes and transactions that took place in the LBI real estate market today.

Last Change Type	MLS #	Address	City	Area	Zip Code	Current Price
Coming Soon	NJOC2026340	242 N 8th St	Surf City	LBI	Zip Code 08008	$1,429,000
New Active	NJOC2025934	27 N 1st St	Surf City	LBI	Zip Code 08008	$3,599,999
Back to Active	NJOC2022722	7706 Long Beach Blvd	Harvey Cedars	LBI	Zip Code 08008	$1,395,000
Price Decrease	NJOC2024988	1210 Unit B Long Beach Blvd	Long Beach Township	LBI	Zip Code 08008	$1,875,000
Price Decrease	NJOC2024978	1210 Unit A Long Beach Blvd	Long Beach Township	LBI	Zip Code 08008	$1,875,000
Price Decrease	NJOC2016894	704 Broadway	Barnegat Light	LBI	Zip Code 08008	$3,500,000
Price Decrease	NJOC2023504	17 Delaware Ave	Long Beach Township	LBI	Zip Code 08008	$2,400,000
Price Decrease	NJOC2024078	9-D Arnold	Long Beach Township	LBI	Zip Code 08008	$2,250,000
Active Under Contract	NJOC2021232	6 Carolina	Long Beach Township	LBI	Zip Code 08008	$1,895,000
Active Under Contract	NJOC2024698	1123-C Long Beach	Long Beach Township	LBI	Zip Code 08008	$3,750,000
Pending	NJOC2024590	9 W Hollybanks Ln	Long Beach Township	LBI	Zip Code 08008	$1,459,000
Withdrawn	NJOC2023928	2504, 2508, 2512 Long Beach Blvd	Ship Bottom	LBI	Zip Code 08008	$1,649,000
Withdrawn	NJOC2025432	315 Fairview Ave	Beach Haven	LBI	Zip Code 08008	$2,149,000
Expired	NJOC2022738	7706 Long Beach Blvd	Harvey Cedars	LBI	Zip Code 08008	$1,395,000

Activyt in the LBI real estate market was centered on price drops, which we tend to see increase this time of year. While some owners prefer to pull their homes from the market, those who would like to sell quickly may be inclined to drop their prices and attract attention just before the summer season kicks off. The LBI real estate market is still very busy, as evidenced by more pending sales than new listings today, so a price drop is a good way to draw attention to an unsold listing. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.