LBI Real Estate Daily Market Update June 8th 2023

High Tides Digital Marketing
Jun 9, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for June 8th 2023

LBI Real Estate Daily Market Update June 8th 2023

Long Beach Island Real Estate Sales Market Update June 8th 2023

The Long Beach Island NJ real estate sales market had a pretty busy day! There were a total of 11 changes to the MLS, with a good mix of overall activity. Pending sales were higher today, showing buyers are getting ready for the summer sales season. Activity in the 08008 zip code was as follows:

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

LBI Real Estate Daily Market Update June 8th 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	NJOC2019034	3705 S Long Beach Blvd	Long Beach Township	$4,850,000
Back to Active	NJOC2018438	5-East 15th	Long Beach Township	$2,300,000
Price Decrease	NJOC2015334	108, 110 N Bay Ave	Beach Haven	$1,350,000
Price Decrease	NJOC2017010	214 Iroquois Ave	Beach Haven	$2,199,000
Price Decrease	NJOC2015312	230 Fairview Ave	Beach Haven	$2,749,000
Active Under Contract	NJOC2018262	7403 Long Beach Blvd	Harvey Cedars	$1,100,000
Pending	NJOC2015148	8001 Long Beach Blvd	Harvey Cedars	$1,599,000
Pending	NJOC2014156	116 E Jerome Ave	Long Beach Township	$2,495,000
Closed	NJOC2007888	1096-B-West Unit Long Beach Blvd	Long Beach Township	$2,395,000
Closed	NJOC2015596	127-C Long Beach Blvd	Long Beach Township	$3,500,000
Canceled	NJOC2015118	232 W 16th St W	Ship Bottom	$1,695,000

There were a higher than normal number of price drops in the market today, but much of this has to do with sellers not fully understanding the LBI real estate market. As we can see time and time again, a well priced home that is in line with the current market will sell, and often will sell with multiple offers! There was also a price increase in the market with the home on 15th Street as a result of pricing too low and receiving too many offers! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.