LBI Real Estate Daily Market Update March 19th 2020

Long Beach Island Real Estate Daily Sales Update March 19th 2020

Long Beach Island Real Estate

LBI Real Estate  Daily Market Update March 19th 2020: There were a total 30 changes to the Long Beach Island real estate market today. As the world and the financial markets continue to deal with the coronavirus, it is helpful to still see strong activity in the LBI real estate market. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a daily, weekly, and monthly sales update for the Long Beach Island real estate market. You can access my monthly analysis of home sales here. The LBI real estate market saw the following activity today:

• 19 new listings entered the market

• 2 listings went under contact

• 2 properties sold on Long Beach Island

• 2 properties came back on the market for sale

LBI Real Estate Daily Market Update March 19th 2020

Last Change Type	Cat	Address	City	Current Price
New Active	LAND	102 Rooservelt Ave W #10	Long Beach Township	$32,500
New Active	RES	15 W Sailboat Lane	Long Beach Township	$649,000
New Active	RES	510 N Bay Ave #2-7	Beach Haven	$659,000
New Active	RES	510 N Bay Ave #2-3	Beach Haven	$659,000
New Active	RES	510 N Bay Ave #2-8	Beach Haven	$679,000
New Active	RES	510 N Bay Ave #2-6	Beach Haven	$679,000
New Active	RES	510 N Bay Ave #3-7	Beach Haven	$689,000
New Active	RES	510 N Bay Ave #3-3	Beach Haven	$689,000
New Active	RES	510 N Bay Ave #3-8	Beach Haven	$699,000
New Active	RES	510 N Bay Ave #3-6	Beach Haven	$699,000
New Active	RES	510 N Bay Ave #3-4	Beach Haven	$699,000
New Active	RES	510 N Bay Ave #3-9	Beach Haven	$719,000
New Active	RES	510 N Bay Ave #2-9	Beach Haven	$719,000
New Active	RES	510 N Bay Ave #3-1	Beach Haven	$719,000
New Active	RES	510 N Bay Ave #3-2	Beach Haven	$729,000
New Active	RES	510 N Bay Ave #2-2	Beach Haven	$729,000
New Active	RES	510 N Bay Ave #3-10	Beach Haven	$779,000
New Active	RES	112 32nd	Long Beach Township	$799,900
New Active	RES	510 N Bay Ave #2-10	Beach Haven	$819,000
Back to Active	RES	256 Pompano Dr	Long Beach Township	$1,395,000
Price Decrease	COM	10 W 17th St	Barnegat Light	$649,000
Price Decrease	RES	10 W 17th St	Barnegat Light	$649,000
Price Decrease	RES	24 W Connecticut (83rd St) Ave	Long Beach Township	$1,149,000
Price Decrease	RES	215 E 14th St	Long Beach Township	$2,550,000
Active Under Contract	RES	309 W 4th St	Ship Bottom	$649,900
Pending	RES	30 W 5th St #16	Barnegat Light	$699,000
Pending	RES	258 N 12th St	Surf City	$999,000
Closed	RES	312 N 5th St	Surf City	$612,500
Closed	RES	5200 Long Beach	Long Beach Township	$705,000
Expired	RES	248 27th St	Ship Bottom	$1,545,000

LBI New Jersey Real Estate Sales Analysis

So far we have not seen the coronavirus have an impact on the LBI real estate market but it is still very early on. The best way to track the impact of the coronavirus and the current economy is the number of homes back on the market. If this ends up being a higher than average number it could be a sign that the market is weakening. As for today's activity, there were a higher than average number of new listings. That has to do with the Victoria Rose condo development coming online in Beach Haven. Other than this, activity was pretty standard for today. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 11/17/2019-11/24/2019 please do not hesitate to contact me.