LBI Real Estate Daily Market Update Friday May 26th 2023

High Tides Digital Marketing
May 26, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for Friday May 26th 2023

LBI Real Estate Daily Market Update Friday May 26th 2023

Long Beach Island Real Estate Sales Market Update Friday May 26th 2023

It's Friday of Memorial Weekend, the official, unofficial start to Summer. Before we get into the market activity for today, we should all take a moment to reflect on what the true meaning of this weekend is. We must honor the fallen heroes of our great nation. We must thank them, each in our own way, for the tremendous sacrifice they have made and the debt that can never be repaid. LBI real estate market activity is as follows:

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

LBI Real Estate Daily Market Update Friday May 26th 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	Current Price
Coming Soon	NJOC2018754	7207 Sea Gull Ave	Long Beach Township	$1,125,000
New Active	NJOC2018802	319 W 8th St	Ship Bottom	$1,399,900
Price Decrease	NJOC2011244	48 A Long Beach Blvd	Long Beach Township	$2,050,000
Closed	NJOC2017292	108 W 14th St	Beach Haven	$1,150,000
Closed	NJOC409526	26 W Harding Ave	Long Beach Township	$1,890,000
Closed	NJOC409190	166-H Marina Dr #H	Long Beach Township	$4,395,000
Closed	NJOC2015600	209 E South 33rd St	Long Beach Township	$5,200,000
Temporary Off Market	NJOC2016246	51 N 24th Street	Surf City	$1,049,000
Canceled	NJOC2001354	26 W Harding Ave	Long Beach Township	$1,890,000

With four closed sales on the last business day before the weekend, it seems clear that some buyers were rushing to finalize their LBI real estate transaction before the start of the weekend. There were no pending sales today, which is not a surprise, but there was still robust activity throughout the market. The weather forecast is very good for the weekend, and everyone on Long Beach Island is expecting a busy kick off the summer 2023! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.