LBI NJ Real Estate Market Weekly Sales Update 3/10/2019-3/17/2019
- High Tides Digital Marketing
- Mar 17, 2019
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/10/2019-3/17/2019
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 3/10/2019-3/17/2019: The Long Beach Island real estate market had an active week. In particular a higher than average number of homes went into pending. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
20 new listings entered the market with an average price of $1,100,000 (rounded)
18 listings went under contact with an average listing price of about $1,000,000 (rounded)
7 properties sold on Long Beach Island with an average price of $1,800,000 (rounded)
12 listings were either withdrawn of expired in the LBI real estate market
LBI NJ Real Estate Market Weekly Sales Update 3/10/2019-3/17/2019
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the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired).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.
Type | Chg Type | Street Number | Street Name | Municipality | Current Price | Sq Ft Total | DOM |
CONDO | NEW | 204 | Atlantic | Beach Haven Borough | $2,000 | 1,157 | 12 |
CONDO | NEW | 11 | Cox Ave | Harvey Cedars | $569,000 | 912 | 1 |
SF | NEW | 8005 | Long Beach | Long Beach Twp | $595,000 | 1,760 | 7 |
SF | NEW | 101 | 23rd | Long Beach Twp | $599,000 | 1,167 | 1 |
MUL | NEW | 361 | 9th | Surf City | $619,000 | 1,400 | 6 |
SF | NEW | 11 | Lillie | Long Beach Twp | $849,900 | 1,729 | 9 |
SF | NEW | 205 | Beach | Beach Haven Borough | $895,000 | 2,070 | 15 |
SF | NEW | 1001-A | Long Beach Boulevard | Long Beach Twp | $939,000 | 1,390 | 5 |
SF | NEW | 5000 | Ocean | Long Beach Twp | $1,089,000 | 1,500 | 5 |
SF | NEW | 120 | 5th | Beach Haven Borough | $1,149,000 | 1,800 | 6 |
SF | NEW | 160 | Marina | Long Beach Twp | $1,199,000 | 2,308 | 5 |
SF | NEW | 343 | 12th | Surf City | $1,249,000 | 2,450 | 2 |
SF | NEW | 4 | Magnolia | Long Beach Twp | $1,349,000 | 3,111 | 6 |
SF | NEW | 6501 | Bayview | Long Beach Twp | $1,450,000 | 2,044 | 5 |
COM | NEW | 110 | Bay | Beach Haven Borough | $1,499,000 | 5,300 | 4 |
SF | NEW | 2302 | Bayview | Barnegat Light | $1,540,000 | 2,428 | 1 |
SF | NEW | 8 | 22nd St. | Barnegat Light | $1,595,000 | 2,950 | 9 |
SF | NEW | 44 | Alma | Long Beach Twp | $1,599,000 | 3,407 | 6 |
SF | NEW | 16 | New Jersey | Long Beach Twp | $1,699,900 | 2,738 | 0 |
SF | NEW | 123 | 27th | Long Beach Twp | $1,799,999 | 2,844 | 6 |
SF | BOM | 21 | Winifred (79th) | Long Beach Twp | $725,000 | 1,791 | 33 |
SF | BOM | 12 | 29th | Barnegat Light | $2,199,000 | 2,994 | 184 |
MUL | BOM | 215 | 14th | Long Beach Twp | $2,950,000 | 4,140 | 115 |
SF | BOM | 215 | 14th | Long Beach Twp | $2,950,000 | 4,140 | 122 |
CONDO | DOWN | 1810 | Central | Ship Bottom | $405,000 | 875 | 184 |
SF | DOWN | 1A | Louisiana | Long Beach Twp | $439,000 | 1,072 | 69 |
CONDO | DOWN | 1A | Louisiana | Long Beach Twp | $439,000 | 1,072 | 69 |
SF | DOWN | 1107 | Barnegat | Surf City | $589,000 | 1,122 | 33 |
SF | DOWN | 343 | 4th | Surf City | $619,000 | 1,090 | 61 |
SF | DOWN | 224 | 21st | Ship Bottom | $635,000 | 1,100 | 30 |
SF | DOWN | 2 | Bergen | Harvey Cedars | $649,999 | 1,000 | 226 |
SF | DOWN | 1 | California | Long Beach Twp | $795,000 | 1,800 | 27 |
SF | DOWN | 4001 | Julia | Long Beach Twp | $849,000 | 2,100 | 194 |
SF | DOWN | 37 | South 34th Street | Long Beach Twp | $895,000 | 2,200 | 117 |
SF | DOWN | 1 | Amherst | Long Beach Twp | $899,900 | 2,836 | 153 |
SF | DOWN | 211 | 4th | Beach Haven Borough | $975,900 | 1,500 | 194 |
SF | DOWN | 29 | South 1st Street | Surf City | $1,175,000 | 2,000 | 28 |
SF | DOWN | 12 | sailboat lane (89th) | Long Beach Twp | $1,214,000 | 2,113 | 129 |
SF | DOWN | 222 | Pearl | Beach Haven Borough | $1,299,000 | 2,500 | 74 |
SF | DOWN | 6103 | Long Beach Blvd | Harvey Cedars | $1,790,000 | 3,200 | 127 |
SF | DOWN | 92 | Panorama | Long Beach Twp | $2,150,000 | 3,204 | 41 |
SF | DOWN | 8106 | Bay Terrace | Harvey Cedars | $2,395,000 | 3,141 | 194 |
SF | DOWN | 124 | Colorado | Long Beach Twp | $2,699,000 | 2,859 | 111 |
SF | K | 130 | 9th | Beach Haven Borough | $1,425,000 | 2,443 | 6 |
SF | K | 805 | Atlantic | Beach Haven Borough | $2,299,000 | 2,100 | 45 |
CONDO | P | 124 | 17th | Ship Bottom | $269,000 | 340 | 68 |
CONDO | P | 4 | Maryland | Long Beach Twp | $349,999 | 938 | 111 |
SF | P | 275 | 14th | Surf City | $488,000 | 1,400 | 15 |
CONDO | P | 9 | Virginia | Long Beach Twp | $499,000 | 912 | 22 |
SF | P | 110 | 10th | Surf City | $564,500 | 1,312 | 26 |
MUL | P | 343 | 11th | Surf City | $709,999 | 1,872 | 26 |
CONDO | P | 420 | Eighth St S8 w Boat Slip | Beach Haven Borough | $739,900 | 2,176 | 307 |
SF | P | 420 | Eighth St S8 w Boat Slip | Beach Haven Borough | $739,900 | 2,176 | 178 |
SF | P | 314 | 4th | Ship Bottom | $875,000 | 1,792 | 57 |
SF | P | 317 | 12th | Surf City | $889,900 | 1,854 | 9 |
SF | P | 8601 | Jamaica | Harvey Cedars | $949,000 | 1,500 | 40 |
SF | P | 210 | 6th | Beach Haven Borough | $989,000 | 1,700 | 44 |
SF | P | 7706 | Ocean | Long Beach Twp | $999,000 | 2,185 | 161 |
SF | P | 8 | West 23rd Street | Barnegat Light | $1,295,000 | 2,745 | 206 |
SF | P | 131 | 18th | Ship Bottom | $1,329,000 | 2,288 | 54 |
SF | P | 4003 | Long Beach | Long Beach Twp | $2,699,000 | 2,892 | 42 |
LND | W | 8601 | Jamaica | Harvey Cedars | $949,000 | 1,500 | 40 |
CONDO | V | 20 | 21st | Long Beach Twp | $399,000 | 1,000 | 62 |
SF | V | 9 | Virginia | Long Beach Twp | $899,900 | 1,824 | 22 |
MUL | V | 9 | Virginia | Long Beach Twp | $899,900 | 1,824 | 22 |
SF | V | 130 | 5th | Beach Haven Borough | $1,275,000 | 0 | 161 |
INOW | C | 220 | Liberty | Beach Haven Borough | $82,000 | 1,000 | 197 |
SF | C | 49 | Auburn | Long Beach Twp | $563,400 | 1,872 | 12 |
SF | C | 2310 | Central | Ship Bottom | $610,000 | 1,400 | 48 |
SF | C | 148 B | Long Beach | Long Beach Twp | $1,275,000 | 2,584 | 33 |
SF | C | 15 | 43rd | Long Beach Twp | $1,425,000 | 2,814 | 37 |
SF | C | 137 | 18th | Ship Bottom | $3,550,000 | 3,880 | 182 |
SF | C | 25 | Long Beach | Long Beach Twp | $4,950,000 | 7,000 | 202 |
CONDO | X | 229 | Eleventh | Beach Haven Borough | $279,000 | 704 | 356 |
CONDO | X | 7301 | Long Beach | Long Beach Twp | $549,000 | 1,296 | 79 |
SF | X | 9319 | Mark | Long Beach Twp | $839,000 | 1,400 | 61 |
SF | X | 1 | Seabreeze | Long Beach Twp | $949,900 | 2,371 | 110 |
SF | X | 28 E | 9th | Barnegat Light | $969,400 | 1,990 | 181 |
SF | X | 2302 | Bayview | Barnegat Light | $1,540,000 | 2,428 | 181 |
SF | X | 13 | 23rd | Long Beach Twp | $1,569,000 | 2,756 | 62 |
LBI New Jersey Real Estate Sales Analysis
Overall the LBI real estate market showed a healthy number of pending sales. Pending sales have been lower than average this month so this will help to make up some ground. The average closed price was much higher but this was in part due to a large home in Loveladies selling for almost $5,000,000. Still when this is taken out of the equation the average price is about $1,200,000 which is a good number for the LBI real estate market. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 3/10/2019-3/17/2019 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
