LBI Real Estate Daily Market Update September 28th 2023

High Tides Digital Marketing
Oct 16, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for September 28th 2023

LBI Real Estate Daily Market Update September 28th 2023

Long Beach Island Real Estate Sales Market Update September 28th 2023

It was a rather quiet day in the LBI real estate market, and all of the activity was in the form of new listings and pending sales. There were only 6 changes to the Long Beach Island real estate sales market, and 2/3rds of that was in the form of pending sales! Activity was as follows for the LBI real estate market today:

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

LBI Real Estate Daily Market Update September 28th 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
New Active	NJOC2021578	2219 Central Ave #1	Ship Bottom	LBI	$760,000
New Active	NJOC2021450	5300 West Ave	Long Beach Township	LBI	$1,510,000
Active Under Contract	NJOC2020168	1916 W Bay Ter	Ship Bottom	LBI	$1,100,000
Active Under Contract	NJOC2020924	2508 Beach	Long Beach Township	LBI	$3,299,999
Pending	NJOC2021276	358 W 6th St	Ship Bottom	LBI	$995,000
Pending	NJOC2019128	319 4th St	Beach Haven	LBI	$2,249,999

Today shows how balanced the LBI real estate market truly is. Yesterday, there were several new listings and several pending sales. There was a net gain of 1 new listing on the LBI real estate market. Today, there were 2 new listings and 4 pending sales, so there was a net loss of 2 homes on the MLS sales market. In otherwords, the market in general is more or less in balance. So long as this presists, pricing in the LBI real estate market is likely to remain the same or increase! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.