LBI Real Estate Daily Market Update December 15th 2022

High Tides Digital Marketing
Dec 15, 2022
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for December 15th 2022

Long Beach Island Real Estate Sales Market Update December 15th 2022

The LBI real estate sales market saw strong activity today. There were 2 new listings, one of which was a commercial listing. We have seen a higher-than-average number of commercial real estate be listed for sale over the past few weeks. It is difficult to guess the reason, but perhaps some businesses fear poor economic news and the threat of a recession. There was also a commercial transaction that closed today, so some buyers still have confidence in the commercial market! Today's activity is as follows in the Long Beach Island real estate market.

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

LBI Real Estate Daily Market Update December 15th 2022

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	Current Price
New Active	NJOC2015294	12904 Long Beach	Long Beach Township	$1,549,000
New Active	NJOC2015312	230 Fairview Ave	Beach Haven	$2,799,000
Active Under Contract	NJOC2013498	1817 Ocean Ave	Ship Bottom	$2,100,000
Closed	NJOC2011612	325 9th St	Beach Haven	$90,000
Closed	NJOC2007360	2602 Long Beach Blvd	Ship Bottom	$1,247,000
Closed	NJOC2009266	1621 N Long Beach Blvd	Surf City	$1,800,000
Withdrawn	NJOC2007356	2602 Long Beach Blvd	Ship Bottom	$1,395,000
Expired	NJOC2013296	11804 Sunset Ter	Long Beach Township	$3,995,000

Once again, there were no price drops in the LBI real estate market today. This tells us that confidence is still high on the part of sellers, and that prices are more or less where they should be. With 2 new listings and 1 pending sale, it is safe to say that market activity is balanced. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.