LBI Real Estate Daily Market Update August 3rd 2023

High Tides Digital Marketing
Aug 3, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for August 3rd 2023

LBI Real Estate Daily Market Update August 3rd 2023

Long Beach Island Real Estate Sales Market Update August 3rd 2023

We are in high summer and Long Beach Island is very busy! The real estate market is no exception. We have started to see some more inventory come on the market, which is typically for this time of year, but the number of homes for sale on Long Beach Island is still very low. Market activity for today is as follows on LBI:

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

LBI Real Estate Daily Market Update August 3rd 2023

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	Current Price
New Active	NJOC2020196	6809 Norfolk Pl	Harvey Cedars	LBI	$4,750,000
New Active	NJOC2020260	124 E 17th St #2	Ship Bottom	LBI	$419,000
New Active	NJOC2020170	19 N 14th St	Surf City	LBI	$2,299,000
New Active	NJOC2020218	26 N 24th St	Surf City	LBI	$3,895,000
New Active	NJOC2020192	284 W 18th St	Ship Bottom	LBI	$1,350,000
Price Decrease	NJOC2015632	4000 Julia Ln	Long Beach Township	LBI	$2,390,000
Pending	NJOC2019488	12 Harding Ave #UNIT WEST	Long Beach Township	LBI	$1,150,000
Closed	NJOC2017678	8204 Bay Ter	Harvey Cedars	LBI	$2,150,000
Closed	NJOC2018954	27 A & B Long Beach Blvd.	Long Beach Township	LBI	$11,000,000

Overall, market activity was balanced today on Long Beach Island. New listings outweighed the rest of the market, but as I mentioned above, this is sorely needed. There are still only around 100 single-family homes for sale on Long Beach Island. It is interesting to note that one of the closed sales today was for $11,000,000, that is a very high price for LBI! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.