LBI Real Estate Daily Market Update September 27th 2023

High Tides Digital Marketing
Sep 28, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for September 27th 2023

LBI Real Estate Daily Market Update September 27th 2023

Long Beach Island Real Estate Sales Market Update September 27th 2023

Today was an active day in the Long Beach Island NJ real estate sales market. There was a mix of new listings and pending sale, and while inventory remains low, several new homes came on the market today. Buyers still have to contend with lower than usual inventory, but the fall listing season has proven to once again give the LBI real estate market some new listings to consider. Activity for today was as follows:

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

LBI Real Estate Daily Market Update September 27th 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
New Active	NJOC2021540	9 44th	Long Beach Township	$2,350,000
New Active	NJOC2021424	146-E Long Beach	Long Beach Township	$6,495,000
New Active	NJOC2021388	316 N 8th St	Surf City	$1,050,000
New Active	NJOC2021514	15 W Mears Ave	Long Beach Township	$3,195,000
New Active	NJOC2021414	1 La Baia	Long Beach Township	$1,699,000
New Active	NJOC2021426	435 N 3rd St	Surf City	$1,499,000
Price Decrease	NJOC2020094	51 N 21st St	Surf City	$2,745,000
Price Decrease	NJOC2021102	2 Tennessee	Long Beach Township	$2,399,000
Active Under Contract	NJOC2020924	2508 Beach	Long Beach Township	$3,299,999
Active Under Contract	NJOC2019780	1110 S Beach Ave	Beach Haven	$2,999,000
Active Under Contract	NJOC2021114	120 W Yarmouth Ct	Long Beach Township	$2,899,000
Pending	NJOC2018722	321 W 16th St	Ship Bottom	$2,149,000
Pending	NJOC2020072	19 Buckingham Ave	Harvey Cedars	$4,395,000

As has been the case, the market is more or less in a state of balance between new listings and pending sales. Today there were 6 new listings and 5 pending sales, so there was only a new gain on of 1 new home for sale in the LBI real estate market. That said, a gain is still a gain, and even this small increase is another option for a home buyer on Long Beach Island to consider. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.