LBI Real Estate Daily Market Update October 10th 2023

High Tides Digital Marketing
Oct 10, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for October 10th 2023

LBI Real Estate Daily Market Update October 10th 2023

Long Beach Island Real Estate Sales Market Update October 10th 2023

It was another balanced day in the LBI real estate market today. There were an equal number of new listings and pending sales, which continues to be the trend on Long Beach Island. Inventory has slightly increased in the last few weeks, but we are still at historic lows with around 115-125 single-family homes for sale on Long Beach Island. Activity for today, October 10th 2023 was as follows:

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

LBI Real Estate Daily Market Update October 10th 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	Area	Current Price
Coming Soon	NJOC2021794	446 Amber St	Beach Haven	LBI	$1,325,000
New Active	NJOC2021250	8211 Long Beach Blvd	Long Beach Township	LBI	$1,399,000
Price Decrease	NJOC2020596	510 N Bay Ave #203	Beach Haven	LBI	$849,000
Price Decrease	NJOC2019978	3 Olsen Ave	Harvey Cedars	LBI	$2,799,999
Pending	NJOC2020662	7301 Long Beach #D25	Long Beach Township	LBI	$779,000
Pending	NJOC2017326	67-D Long Beach Blvd	Long Beach Township	LBI	$7,500,000
Closed	NJOC2019150	129 32nd	Long Beach Township	LBI	$1,900,000

It is interesting to see how homes in all price points are still attracting attention in the LBI real estate market. The two listings that went under contract today could not be more opposite. One was a condo and the other was a massive oceanfront home that was listed for nearly ten times the price of the condo! It shows that even though prices are high, there are still a wide array of homes and options in the Long Beach Island New Jersey real estate sales market. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.