LBI Real Estate Daily Market Update July 6th 2023

High Tides Digital Marketing
Jul 6, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for July 6th 2023

LBI Real Estate Daily Market Update July 6th 2023

Long Beach Island Real Estate Sales Market Update July 6th 2023

The LBI real estate market saw balanced activity today with a healthy mix of new listings, pending sales and sold homes. True to form, closings are still taking place as buyers are looking to move into a home for the summer season on Long Beach Island. Sales in the LBI real estate market were as follows:

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 July 6th 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	Area	Current Price
New Active	NJOC2019574	401 Broadway #21A	Barnegat Light	LBI	$699,000
New Active	NJOC2019352	2 W Bayberry Dr	Long Beach Township	LBI	$1,499,000
Back to Active	NJOC2013576	1034-B Long Beach Blvd. Long Beach Twp	Long Beach Township	LBI	$1,749,000
Active Under Contract	NJOC2019298	4 E 19th St	Long Beach Township	LBI	$1,499,000
Closed	NJOC2018514	55 W Holly Dr	Long Beach Township	LBI	$1,600,000
Closed	NJOC2018418	10 W Pershing Ave	Long Beach Township	LBI	$2,295,000

Inventory remains the big challenge facing buyers in the LBI real estate market. There are only around 110 active homes for sale, and it is a safe bet that about 15-20 of those have an offer or are in attorney review. This leaves very few options for those looking to purchase. It is likely we will see inventory rise over the summer, so there is hope for buyers on LBI! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.