LBI Real Estate Daily Market Update February 5th 2021
- High Tides Digital Marketing
- Feb 6, 2021
- 2 min read
Long Beach Island Real Estate Daily Sales Update February 5th 2021
LBI Real Estate Daily Market Update February 5th 2021: The week ended on a strong note. COVID-19 continues to impact the LBI real estate market and there is no doubt, that coronavirus has helped to fuel sales. There were a total of 14 changes to the MLS today on Long Beach Island. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a daily, weekly, and monthly sales update for the Long Beach Island real estate market. You can access my monthly analysis of home sales here. The LBI real estate market saw the following activity today:
3 new listings entered the market
6 listings went under contract
2 properties sold on Long Beach Island
2 listings were either withdrawn of expired in the LBI real estate market
0 properties came back on the market for sale
LBI Real Estate Daily Market Update February 5th 2021
Last Change Type | MLS # | Address | City | Area | Current Price – Decimal |
New Active | NJOC406970 | 2500 Blvd Unit #4A | Ship Bottom | LBI | $365,000 |
New Active | NJOC407030 | 205 Nautilus Dr | Long Beach Township | LBI | $3,495,000 |
New Active | NJOC407016 | 10 Arts Ln | Long Beach Township | LBI | $3,599,000 |
Price Decrease | NJOC405732 | 14 E 29th St | Barnegat Light | LBI | $3,599,000 |
Active Under Contract | NJOC406484 | 507-505 S Bay Ave | Beach Haven | LBI | $929,000 |
Pending | NJOC404702 | 5608 Ocean #U3 | Long Beach Township | LBI | $449,000 |
Pending | NJOC399672 | 101 W 9th St #305 | Ship Bottom | LBI | $739,000 |
Pending | NJOC405494 | 700 N Long Beach Blvd | Surf City | LBI | $750,000 |
Pending | NJOC399668 | 101 W 9th St #303 | Ship Bottom | LBI | $769,000 |
Pending | NJOC406820 | 1046-C-1 Long Beach Blvd #C-1 | Long Beach Township | LBI | $1,495,000 |
Closed | NJOC405910 | 508 Central Ave | Barnegat Light | LBI | $855,000 |
Closed | NJOC405076 | 109-F Long Beach Blvd | Long Beach Township | LBI | $4,900,000 |
Withdrawn | NJOC405978 | 700 N Long Beach Blvd | Surf City | LBI | $750,000 |
Withdrawn | NJOC400720 | 121 E Sand Dune | Long Beach Township | LBI | $1,480,000 |
LBI New Jersey Real Estate Sales Analysis
The COVID trend continues with far more inventory leaving the market than coming on. Twice as many homes went under contract today as came on the market. The low inventory continues to present challenges for buyers in the LBI real estate market, but the low-interest rates continue to create an incentive. For more information about buying, selling or investing in the Long Beach Island real estate market or about LBI NJ Real Estate Sales Update February 5th 2021 please do not hesitate to contact me.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
