LBI Real Estate Sales Market Update June 15th 2019
- High Tides Digital Marketing
- Jun 15, 2019
- 2 min read
Long Beach Island NJ (LBI NJ) Real Estate Market Update for June 15th 2019
Long Beach Island Real Estate
LBI NJ Real Estate Sales Market Update June 15th. Overall activity in the Long Beach Island real estate market was strong with changes taking place in all different areas of the market . There were 3 new listings, 3 price reductions, 1 pending sale and 1 closing today. Below is a list of all activity in the LBI real estate market on Long Beach Island.
LBI Real Estate Sales Market Update June 15th 2019
Type | Chg Type | Street Number | Street Name | Municipality | Current Price | Sq Ft Total | DOM |
SF | NEW | 202 | 17th | Ship Bottom | $675,000 | 936 | 0 |
SF | NEW | 113 | Delaware | Long Beach Twp | $975,000 | 1,452 | 0 |
SF | NEW | 9805 | Beach | Long Beach Twp | $1,199,000 | 1,912 | 0 |
CONDO | DOWN | 4 | Lillie | Long Beach Twp | $434,000 | 816 | 180 |
SF | DOWN | 1107 | Barnegat | Surf City | $575,000 | 1,122 | 123 |
LND | DOWN | 153 E | Long Beach | Long Beach Twp | $3,500,000 | 0 | 37 |
SF | P | 103 | 19th | Long Beach Twp | $1,850,000 | 2,945 | 42 |
SF | W | 5406 | Long Beach | Harvey Cedars | $605,000 | 1,228 | 225 |
SF | C | 29 | South 1st Street | Surf City | $999,999 | 2,000 | 78 |
SF | X | 202 | 17th | Ship Bottom | $700,000 | 936 | 149 |
SF | X | 202 | 17th | Ship Bottom | $720,000 | 936 | 27 |
Yesterday we saw 12 price reductions and today only 3. This normalization of the market is common and healthy. While we do expect to see more price drops this time of year, too many could indicate trouble in the LBI real estate market. This does not seem to be the case as transactions are taking place in all areas of the Long Beach Island market. If you have any questions about buying, selling or investing in the LBI real estate market please do not hesitate to contact me.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
