LBI Real Estate Weekly Sales Update 12/11/2022-12/18/2022

LBI Real Estate Weekly Sales Update 12/11/2022-12/18/2022

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/11/2022-12/18/2022

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 12/11/2022-12/18/2022: As 2022 winds down, we continue to see strong activity in the LBI real estate market. There were 45 changes to the MLS this week with a balanced number of listings and sales. 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 on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 10 new listings entered the market with an average price of $1,936,300
  • 8 listings went under contract with an average listing price of about $1,852,125
  • 12 properties sold on Long Beach Island with an average price of $1,909,625
  • 0 listings saw price reductions 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 12/11/2022-12/18/2022

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), “C” means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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
New ActiveNJOC2015190218 N 18th St #C2Surf City$699,000
New ActiveNJOC20153985419-A Long Beach BlvdHarvey Cedars$1,400,000
New ActiveNJOC201529412904 Long BeachLong Beach Township$1,549,000
New ActiveNJOC20153327800 OceanLong Beach Township$1,550,000
New ActiveNJOC2015334108, 110 N Bay AveBeach Haven$1,598,000
New ActiveNJOC2015118232 W 16th St WShip Bottom$1,695,000
New ActiveNJOC201535410 E 19th StBarnegat Light$2,125,000
New ActiveNJOC20153461210 Long Beach Blvd. Unit CLong Beach Township$2,149,000
New ActiveNJOC2015312230 Fairview AveBeach Haven$2,799,000
New ActiveNJOC2015338813 N Ocean AveSurf City$3,799,000
Back to ActiveNJOC20151488001 Long Beach BlvdHarvey Cedars$1,599,000
Active Under ContractNJOC20134981817 Ocean AveShip Bottom$2,100,000
Active Under ContractNJOC201458012400 Ocean AveLong Beach Township$3,299,000
PendingNJOC2014028375 W 6th StShip Bottom$799,999
PendingNJOC20140861220 Central AveShip Bottom$999,000
PendingNJOC2013950319 S 3rd StSurf City$1,100,000
PendingNJOC201536825 N 13th StreetSurf City$1,799,000
PendingNJOC2013242304 W 21st StShip Bottom$2,295,000
PendingNJOC2014016114 Amber StBeach Haven$2,425,000
ClosedNJOC2011612325 9th StBeach Haven$90,000
ClosedNJOC2011286270 W 16th StShip Bottom$907,500
ClosedNJOC2013908205 W 27th StShip Bottom$979,000
ClosedNJOC20073602602 Long Beach BlvdShip Bottom$1,247,000
ClosedNJOC20144406 86th StLong Beach Township$1,725,000
ClosedNJOC20092661621 N Long Beach BlvdSurf City$1,800,000
ClosedNJOC201306669-C Long BeachLong Beach Township$1,900,000
ClosedNJOC2013970216 Fairview AveBeach Haven$2,000,000
ClosedNJOC2013312105 W Kimberly AveLong Beach Township$2,500,000
ClosedNJOC201452832 N 14th StSurf City$2,599,000
ClosedNJOC20072064 E Goodrich AveLong Beach Township$3,369,000
ClosedNJOC2014454356 Dusty Miller DrLong Beach Township$3,799,000
WithdrawnNJOC201387229 N 13th StreetSurf City$3,299,000
CanceledNJOC201106212 Harding Ave #UNIT EASTLong Beach Township$1,100,000
CanceledNJOC201106412 Harding Ave #UNIT WESTLong Beach Township$1,150,000
CanceledNJOC201150812 HardingLong Beach Township$2,200,000
ExpiredNJOC2012644111 N Central AveSurf City$900,000
ExpiredNJOC20110247403 Long Beach BlvdHarvey Cedars$999,000
ExpiredNJOC20108547403 Long Beach BlvdHarvey Cedars$999,000
ExpiredNJOC20073562602 Long Beach BlvdShip Bottom$1,395,000
ExpiredNJOC201072023 E 38th #UNIT ABeach Haven$1,999,000
ExpiredNJOC2011044248 W 10th StShip Bottom$2,195,000
ExpiredNJOC20108561208 S Beach AveBeach Haven$2,490,000
ExpiredNJOC201061217 Delaware AveLong Beach Township$2,790,000
ExpiredNJOC2010322129 E 31st StShip Bottom$3,579,000
ExpiredNJOC201329611804 Sunset TerLong Beach Township$3,995,000

LBI New Jersey Real Estate Sales Analysis

It was a very balanced week with new listings and pending sales. This is the second week in a row that saw a merger increase, but for the prior several weeks, there were more pending sales than new listings. Overall, inventory levels are still very low. There are 116 active listings in the MLS this week and 59 pending sales. Interestingly enough, if a buyer purchased a home in the first half of 2022 on Long Beach Island, they should have a positive equity position based on the current trends in spite of rising interest rates. The low levels of inventory seem to have a great deal to do with this very interesting trend. This is the last weekly update before December 25th, so I hope everyone has a very Merry Christmas! For more information about buying, selling or investing in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 12/11/2022-12/18/2022 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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