LBI Real Estate Daily Market Update June 12th 2024

High Tides Digital Marketing
Jun 12, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for June 12th 2024

LBI Real Estate Daily Market Update June 12th 2024

Long Beach Island Real Estate Sales Market Update June 12th 2024

In today's LBI real estate market update, we found only six changes to the sales market. Half of this activity was in the form of pending sales! Inventory continues to be an issue for buyers in the Long Beach Island real estate market, and days like today do not help this situation. There were two price reductions today, and that is always welcomed news for buyers in the LBI real estate market! Market activity for June 12th 2024 was as follows on Long Beach Island.

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

LBI Real Estate Daily Market Update June 12th 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	NJOC2026466	29 Antioch	Long Beach Township	High Bar Harbor	LBI	Zip Code 08008	$2,000,000
Price Decrease	NJOC2025918	102 E South 34th St	Long Beach Township	Beach Haven Gardens	LBI	Zip Code 08008	$3,190,000
Price Decrease	NJOC2024068	339 W 4th St	Ship Bottom	Ship Bottom	LBI	Zip Code 08008	$1,399,000
Active Under Contract	NJOC2024294	2601 S Long Beach Blvd	Long Beach Township	Holgate	LBI	Zip Code 08008	$5,495,000
Pending	NJOC2021334	203 W 7th St	Ship Bottom	Ship Bottom	LBI	Zip Code 08008	$995,000
Pending	NJOC2026306	601 N Delaware Ave #13	Beach Haven	Beach Haven	LBI	Zip Code 08008	$849,900

The homes that went under contract today were diverse in both style and price range. On the higher end of the market, there was a large newer oceanfront home, an older traditional style home that was priced just under $1,000,000, and a nice condo in the heart of Beach Haven that was priced under $850,000. While inventory remains a challenge for buyers in the LBI real estate market, there are still some good options if you know where to look, and buyer confidence remains high! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.