LBI Real Estate Daily Market Update May 15th 2024

High Tides Digital Marketing
May 15, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for May 15th 2024

LBI Real Estate Daily Market Update May 15th 2024

Long Beach Island Real Estate Sales Market Update May 15th 2024

There was robust activity in the Long Beach Island real estate market today, with a total of 7 changes to the MLS. There were more new listings today, which is a nice change for the LBI real estate market. This is especially true since yesterday there were several pending sales and no new listings at all! Activity in the LBI real estate market today was as follows:

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

LBI Real Estate Daily Market Update May 15th 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	Area	Current Price
Coming Soon	NJOC2025816	1403 N Long Beach Blvd	Surf City	LBI	$2,680,000
Coming Soon	NJOC2025826	1405 N Long Beach Blvd	Surf City	LBI	$2,675,000
New Active	NJOC2025834	31 W Sand Dune Ln	Long Beach Township	LBI	$999,000
Back to Active	NJOC2020168	1916 W Bay Ter	Ship Bottom	LBI	$1,100,000
Price Decrease	NJOC2024860	273 N 12th #FL 1	Surf City	LBI	$3,250
Active Under Contract	NJOC2024680	103 Osborn Ave	Long Beach Township	LBI	$1,799,000
Expired	NJOC2021900	1302 Central Ave	Barnegat Light	LBI	$2,149,000

It is interesting to note that a house came back on the market today. This is very rare on Long Beach Island, as most deals will transact once they are agreed upon. While there were three new listings today, there was one pending sale, so the LBI real estate market had a gain of only 2 listings. That said, something is better than nothing, and all new listings will help the LBI real estate market! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.