LBI Real Estate Daily Market Update January 10th 2023

High Tides Digital Marketing
Jan 10, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for January 10th 2023

LBI Real Estate Daily Market Update January 10th 2023

Long Beach Island Real Estate Sales Market Update January 10th 2023

The LBI real estate market saw interesting activity today. There was once again a net loss of inventory with 1 pending sale and 2 expired listings with only 2 new listings to take their place. This highlights the major issue facing buyers in the current market.

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

LBI Real Estate Daily Market Update January 10th 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	NJOC2015592	4 E Jerome Ave	Beach Haven	$1,250,000
New Active	NJOC2015590	11804 Sunset Ter	Long Beach Township	$3,699,500
Active Under Contract	NJOC2015640	405 Central Ave	Ship Bottom	$780,000
Closed	NJOC2015368	25 N 13th Street	Surf City	$1,600,000
Closed	NJOC2014372	29 N 13th Street	Surf City	$1,600,000
Expired	NJOC2010896	12213 Ocean Ave	Long Beach Township	$5,499,000
Expired	NJOC2011602	1049-B Long Beach	Long Beach Township	$3,500,000

Today's market activity was spread out across several different categories. There were 2 new listings and 1 pending sale, so the overall activity was pretty balanced. Inventory remains very low in the Long Beach Island real estate market, which is the single biggest challenge facing today's market. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.