LBI Real Estate Daily Market Update Friday May 5th 2023

May 5, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for Friday May 5th 2023

LBI Real Estate Daily Market Update Friday May 5th 2023

Long Beach Island Real Estate Sales Market Update Friday May 5th 2023

Happy Cinco de Mayo! We are getting close to Memorial Weekend and the unofficial start of summer 2023 every day! The LBI real estate market broke the trend of the last few days with no pending sales. More homes came on the market today, which is welcome news for buyers. Inventory remains low, so every new listing is a new opportunity for a buyer in the LBI real estate market.

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

LBI Real Estate Daily Market Update Friday May 5th 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
New Active	NJOC2018290	19-B Long Beach Blvd	Long Beach Township	$9,975,000
New Active	NJOC2018266	7403 Long Beach Blvd	Harvey Cedars	$1,100,000
New Active	NJOC2018114	1001 Ocean Ave #1003	Ship Bottom	$1,125,000
Price Decrease	NJOC2016096	1078-F Long Beach Blvd	Long Beach Township	$1,595,000
Temporary Off Market	NJOC2016326	6109 Ocean Blvd	Long Beach Township	$2,670,000
Temporary Off Market	NJOC2015738	6107 Ocean Blvd	Long Beach Township	$2,595,000

In addition to the three new listings that came on the market today, there were two listings that were pulled from the market. Therefore, there was a net gain of only 1 listing today. That said, this time of year, it is not uncommon to see homes pulled from the LBI real estate market if they are rental properties. As we get closer to the summer season, many homeowners will opt to keep their rental property and benefit from the full summer rental income stream. It is likely that these homes will come back on the market after the summer season passes. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.