LBI Real Estate Daily Market Update September 6th 2023

High Tides Digital Marketing
Sep 6, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for September 6th 2023

LBI Real Estate Daily Market Update September 6th 2023

Long Beach Island Real Estate Sales Market Update September 6th 2023

It was another balanced day in the LBI NJ real estate sales market. Activity between new listings, pending sales and closed transactions was spread out. This has been the trend in recent weeks, even as we see more and more listings come on the market on Long Beach Island.

1 new listing came up for sale in the LBI real estate market
2 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 September 6th 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	NJOC2020994	10 E 11th St	Beach Haven	$4,195,000
Price Decrease	NJOC2020724	16 E Wyoming Ave	Long Beach Township	$1,599,000
Active Under Contract	NJOC2020516	79-B Long Beach Blvd	Long Beach Township	$3,950,000
Pending	NJOC2019012	6 W McKinley Ave.	Long Beach Township	$1,499,000
Closed	NJOC2016962	22 5th St	Beach Haven	$2,075,000
Closed	NJOC2015940	33 W 87th	Long Beach Township	$2,100,000
Closed	NJOC2015630	13 Cleveland Ave	Long Beach Township	$2,459,000

The number of homes for sale in the LBI real estate market has, very slowly, been increasing, but we are still at a near-historic low. There are only a little over 100 single-family homes for sale on Long Beach Island. Last week's activity was a good indicator of this. There were 21 new listings that came on the market and 19 pending sales. This is near wash of new homes and pending sales. Today's activity echos the past week's activity with only 1 new listing and 2 pending sales. All in all, the LBI real estate market is still very strong, buyer confidence is high, and inventory is still the big challenge faced by most home buyers on Long Beach Island. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.