$2,000,000-$4,000,000 LBI Real Estate Market Single Family Home Sales October 2022
- High Tides Digital Marketing
- Oct 11, 2022
- 2 min read
Long Beach Island NJ 08008 Real Estate Market Sales $2,000,000-$4,000,000 October 2022
As the LBI NJ real estate market moves into a more balanced market, we can once again start to rely on statistics. The COVID market was very difficult to predict as buyers were willing to pay prices based more on emotion than facts and data. As the market as cooled off (not crashed), buyers are once again willing to make more informed decisions and therefore, we can once again rely on data to price a home. Today's blog post looks at $2,000,000-$4,000,000 LBI Real Estate Market Single Family Home Sales in October 2022 and how these sales have performed over the fall market.
$2,000,000-$4,000,000 LBI Real Estate Market Single Family Home Sales October 2022
Below is a breakdown of all sold single family homes in the Long Beach Island NJ real estate market from the middle of August 2022 to the middle of October 2022.
There were a total of 10 closed sales during this time frame on Long Beach Island. The average price of a home in this facet of the market was $2,885,000. On average, these homes sold 98.7% of their asking price and spent about 60 days on the market. Homes in this price point usually constitute a range of locations from ocean block to bayfront to oceanfront and a variety of styles from new homes to teardowns on large lots or premium locations.
MLS # | Cat | Address | City | Current Price |
NJOC2011616 | RES | 15 W Roosevelt Ave | Long Beach Township | $2,025,000 |
NJOC2011358 | RES | 18 N 7th St | Surf City | $2,176,500 |
NJOC2013734 | RES | 123 Coral St | Beach Haven | $2,275,000 |
NJOC2004212 | RES | 6 Surf Ave | Long Beach Township | $2,350,000 |
NJOC2010438 | RES | 1074-H Long Beach Blvd | Long Beach Township | $2,800,000 |
NJOC409038 | RES | 3 E Atlantic Ave | Harvey Cedars | $2,850,000 |
NJOC2009888 | RES | 1126-C Long Beach | Long Beach Township | $3,300,000 |
NJOC2008612 | RES | 19 W Dune Ln | Long Beach Township | $3,475,000 |
NJOC2009670 | RES | 1035-A Long Beach | Long Beach Township | $3,600,000 |
NJOC2010936 | RES | 107-D Long Beach Blvd | Long Beach Township | $4,000,000 |
Long Beach Island NJ 08008 Real Estate Market Sales $2,000,000-$4,000,000 October 2022
While home sales in the LBI real estate market and elsewhere have cooled, the market is still performing very well. Inventory is extremely low at around 125 single-family homes for sale. This is a historically low figure and one that, if maintained, will help to keep prices higher. For more information about buying, selling or investing in the Long Beach Island real estate market, 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
