LBI Real Estate Daily Market Update May 20th 2024

High Tides Digital Marketing
May 20, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for May 20th 2024

Long Beach Island Real Estate Sales Market Update May 20th 2024

The LBI real estate market update for today saw a total of 4 changes to the sales market. The Long Beach Island real estate market is still showing a lot of activity as we get closer and closer to summer, and buyer activity is strong. In our weekly Long Beach Island real estate market update we saw more pending sales last week than new listings, which has been the recent trend. Today's activity is as follows:

0 new listings came up for sale in the LBI real estate market
0 homes went under contract on LBI
3 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 20th 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	Zip Code	Current Price
Price Decrease	NJOC2023774	51 N 21st St	Surf City	LBI	Zip Code 08008	$2,595,000
Closed	NJOC2023526	168-F W Long Beach Boulevard	Long Beach Township	LBI	Zip Code 08008	$3,167,000
Closed	NJOC2017500	100 Essex Ave	Beach Haven	LBI	Zip Code 08008	$5,300,000
Closed	NJOC2018342	8 W Maryland Ave	Long Beach Township	LBI	Zip Code 08008	$1,650,000

It is interesting to note that there were no new listings and no pending sales today. The overall dynamic of the inventory did not change today as a result. The three closed sales show the wide range of prices in the LBI real estate market. The home on Maryland actually sold over full price, which shows how a well priced home will draw a lot of attention in the Long Beach Island 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.