LBI Real Estate Daily Market Update August 7th 2023

High Tides Digital Marketing
Aug 7, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for August 7th 2023

LBI Real Estate Daily Market Update August 7th 2023

Long Beach Island Real Estate Sales Market Update August 7th 2023

It was another balanced day of real estate market activity on Long Beach Island and in the 08008 zip code. We have started to see a few more new listings, which is welcomed news for buyers in the LBI real estate market. The activity was as follows for August 7th 2023:

3 new listings came up for sale in the LBI real estate market
1 home went under contract on LBI
1 home sold on Long Beach Island
0 homes saw a price reduction in the LBI real estate market, but there was one price increase

LBI Real Estate Daily Market Update August 7th 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	NJOC2020358	813 N Ocean Ave	Surf City	LBI	$3,800,000
New Active	NJOC2020332	44 N 12th St	Surf City	LBI	$1,750,000
New Active	NJOC2020266	287 W 27th St	Ship Bottom	LBI	$2,595,000
Price Increase	NJOC2016812	131-C Long Beach Blvd	Long Beach Township	LBI	$6,599,000
Pending	NJOC2017618	288 N 12th St	Surf City	LBI	$2,299,000
Closed	NJOC2017112	317 N 13th St	Surf City	LBI	$1,999,900
Withdrawn	NJOC2011590	5-A Sunset	Long Beach Township	LBI	$1,495,000
Expired	NJOC2016252	47 N 24th Street	Surf City	LBI	$1,399,000
Expired	NJOC2016246	51 N 24th Street	Surf City	LBI	$1,049,000

For the last few days, we have seen a few more new listings come on the market. While inventory levels are still incredibly low, any new listings are a help for buyers in the LBI real estate market. As August moves into September, we should continue to see inventory levels increase, if ever so slightly, but if the past is any guide, buyers will absorb this new inventory quickly. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.