LBI Real Estate Daily Market Update December 1st 2022

High Tides Digital Marketing
Dec 1, 2022
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for December 1st 2022

Long Beach Island Real Estate Sales Market Update December 1st 2022

It was a very interesting day in the LBI real estate market. The entire day's activity consisted of listings leaving the market! As we start the final month of 2022, it will be interesting to see how this year wraps up. Higher interest rates have been a concern, but market activity has been very strong in spite of this challenge.

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

LBI Real Estate Daily Market Update December 1st 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 – Decimal
Closed	NJOC2012022	126 Amber St	Beach Haven	$2,325,000
Closed	NJOC2010550	35 6th Street	Surf City	$2,899,000
Closed	NJOC2014232	1615 Long Beach Blvd	Surf City	$1,500,000
Closed	NJOC2013760	901 Ocean Ave #925	Ship Bottom	$925,000
Closed	NJOC2013798	7 E 68th St	Harvey Cedars	$1,625,000
Temporary Off Market	NJOC2014068	1 Cedars Ave	Harvey Cedars	$1,679,000
Temporary Off Market	NJOC2012796	51 N 21st St	Surf City	$2,895,000
Canceled	NJOC2012662	317 N 13th St	Surf City	$2,250,000
Expired	NJOC2011636	10 E Delaware Ave	Long Beach Township	$1,949,900
Expired	NJOC2009012	222 N 19th St	Surf City	$1,939,000
Expired	NJOC2008500	2 W Cleveland	Long Beach Township	$6,499,000
Expired	NJOC2008222	142 Newport	Long Beach Township	$4,225,000
Expired	NJOC2007388	321 W 16th St	Ship Bottom	$1,729,000

Today was a day of closing! Five transactions closed in the Long Beach Island real estate market today. There were no new listings, no pending sales, and no price reductions. The rest of the activity was homes either expiring or being withdrawn from the market. Inventory continues to be near an all-time low, with only around 120 single-family homes for sale in the LBI real estate market. The lowest we have seen was around 75, so we are not far off that mark! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.