LBI Real Estate Daily Market Update June 11th 2024
- High Tides Digital Marketing
- Jun 11, 2024
- 2 min read
Long Beach Island NJ (LBI NJ) Real Estate Market Update for June 11th 2024
Long Beach Island Real Estate Sales Market Update June 11th 2024
Today's LBI real estate daily market Update for June 11th 2024 showed strong activity with ten changes to the MLS. Almost half of the day's activity was in the form of pending sales. High numbers of pending sales seem to be the current trend, with the past few weeks seeing a surge in homes going under contract. New listings have been coming on the market, but not enough to replenish the rapidly falling inventory in the Long Beach Island real estate market.
3 new listings came up for sale in the LBI real estate market
4 homes went under contract on LBI
1 home sold on Long Beach Island
2 homes saw a price reduction in the LBI real estate market
LBI Real Estate Daily Market Update June 11th 2024
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 | Section | Area | Zip Code | Current Price |
Coming Soon | NJOC2026100 | 4 Olsen Ave | Harvey Cedars | Long Beach Island | Zip Code 08008 | $1,749,000 | |
New Active | NJOC2026454 | 10 Arnold | Long Beach Island | Zip Code 08008 | $2,450,000 | ||
New Active | NJOC2026360 | 373 W 8th St | Ship Bottom | Zip Code 08008 | $1,249,000 | ||
Price Decrease | NJOC2024522 | 57-B Long Beach Blvd | Long Beach Township | Long Beach Island | Zip Code 08008 | $7,395,000 | |
Price Decrease | NJOC2025582 | 114 E 25th St | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,950,000 | |
Active Under Contract | NJOC2026448 | 123 Wyoming | Long Beach Island | Zip Code 08008 | $6,999,999 | ||
Active Under Contract | NJOC2026166 | 111 E New Jersey Ave | Long Beach Island | Zip Code 08008 | $2,595,000 | ||
Pending | NJOC2026256 | 220 Liberty Ave #1 | Beach Haven | Beach Haven | Long Beach Island | Zip Code 08008 | $169,900 |
Pending | NJOC2025834 | 31 W Sand Dune Ln | Long Beach Township | Long Beach Island | Zip Code 08008 | $999,000 | |
Closed | NJOC2025004 | 10 E 47th St | Long Beach Island | Zip Code 08008 | $1,800,000 |
The activity was spread across the board, and some reasonably priced homes came up for sale in the LBI real estate market. We are still seeing buyers enter into transactions at different price points, something highlighted in today's LBI real estate market update. There was a pending sale for $169,900, another for $999,000, one in the mid $2,000,000's, and another at $7,000,000! With some wide spreads in the price points of each home, it is clear that while inventory levels in the LBI real estate market are still low, there are options available! If you have any questions about buying, selling, or investing in the LBI real estate market, 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
