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LBI Real Estate Weekly Sales Update 01-21-2024 to 01-28-2024

  • Jan 28, 2024
  • 4 min read

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 01-21-2024 to 01-28-2024

LBI Real Estate Weekly Sales Update 01-21-2024 to 01-28-2024

LBI Real Estate Weekly Sales Update 01-21-2024 to 01-28-2024: The last full week of January saw modest activity in the LBI real estate market with a total of 29 changes to the MLS. Activity was again balanced between new listings and pending sales. In addition to this LBI real estate weekly sales update, be sure to visit my monthly analysis of home sales on Long Beach Island NJ. This page tracks all activity in the Long Beach Island real estate market month by month and helps to give buyers, sellers, and investors some good insight into LBI real estate market activity. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 8 new listings entered the market with an average price of $3,463,125

  • 8 listings went under contract with an average listing price of about $2,600,862

  • 3 properties sold on Long Beach Island with an average price of $1,597,500

  • 5 listings saw price reductions in the LBI real estate market



LBI Real Estate Weekly Sales Update 01-21-2024 to 01-28-2024

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW ACTIVE means it is a new or re-listed home, PRICE DECREASE means the price was reduced, PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing. Note this is for single-family homes, condos, duplexes, and commercial real estate listed by all local Long Beach Island real estate agencies.

Last Change Type

MLS #

Address

City

Area

Zip Code

Current Price

Coming Soon

NJOC2023592

533-A Engleside Ave

Beach Haven

LBI

Zip Code 08008

$457,000

New Active

NJOC2023530

905 N Bay Ave

Beach Haven

LBI

Zip Code 08008

$250,000

New Active

NJOC2023498

1112 N Central Ave

Surf City

LBI

Zip Code 08008

$1,200,000

New Active

NJOC2023476

Tbd Long Beach Boulevard And 49th Street

Long Beach Township

LBI

Zip Code 08008

$1,200,000

New Active

NJOC2023468

2501 Long Beach

Beach Haven

LBI

Zip Code 08008

$1,499,999

New Active

NJOC2023478

6415 Bayview

Beach Haven

LBI

Zip Code 08008

$1,999,000

New Active

NJOC2023474

11 E 28th St

Barnegat Light

LBI

Zip Code 08008

$3,599,000

New Active

NJOC2023316

19 W 6th St

Barnegat Light

LBI

Zip Code 08008

$17,500,000

Price Decrease

NJOC2022602

9006 Long Beach Blvd #B

Long Beach Township

LBI

Zip Code 08008

$975,000

Price Decrease

NJOC2022994

12010 Long Beach Blvd.

Long Beach Township

LBI

Zip Code 08008

$979,000

Price Decrease

NJOC2020486

411 N 3rd St

Surf City

LBI

Zip Code 08008

$1,995,000

Price Decrease

NJOC2021478

169-B Long Beach

Long Beach Township

LBI

Zip Code 08008

$4,419,000

Price Decrease

NJOC2021236

131-C Long Beach Blvd

Long Beach Township

LBI

Zip Code 08008

$5,995,000

Active Under Contract

NJOC2021974

295 N 9th St

Surf City

LBI

Zip Code 08008

$1,290,000

Active Under Contract

NJOC2021412

225 Oceana Drive

Long Beach Township

LBI

Zip Code 08008

$3,295,000

Pending

NJOC2021878

315 W 10th St

Ship Bottom

LBI

Zip Code 08008

$889,000

Pending

NJOC2023542

249 S 2nd St

Surf City

LBI

Zip Code 08008

$989,900

Pending

NJOC2023034

126 E 26th St

Ship Bottom

LBI

Zip Code 08008

$1,799,000

Pending

NJOC2022588

166-D Marina Blvd

Long Beach Township

LBI

Zip Code 08008

$2,495,000

Pending

NJOC2021518

1402 Bayview Ave

Barnegat Light

LBI

Zip Code 08008

$2,549,000

Pending

NJOC2023098

1035-C Long Beach

Long Beach Township

LBI

Zip Code 08008

$7,499,999

Closed

NJOC2022988

12 E 78th St #2

Harvey Cedars

LBI

Zip Code 08008

$142,500

Closed

NJOC2014014

110 Newport Dr

Long Beach Township

LBI

Zip Code 08008

$2,300,000

Closed

NJOC2016500

111 E 29th St

Ship Bottom

LBI

Zip Code 08008

$2,350,000

Withdrawn

NJOC2020928

5302 S Long Beach Blvd #3

Long Beach Township

LBI

Zip Code 08008

$450,000

Expired

NJOC2016196

1210 Long Beach Blvd #C2

Long Beach Township

LBI

Zip Code 08008

$399,000

Expired

NJOC2016052

1210 Long Beach Blvd #C1

Long Beach Township

LBI

Zip Code 08008

$399,000

Expired

NJOC2020206

510 N Bay Ave #103

Beach Haven

LBI

Zip Code 08008

$499,000

Expired

NJOC2015716

17 E Delaware Ave

Long Beach Township

LBI

Zip Code 08008

$2,500,000



LBI New Jersey Real Estate Sales Analysis

Activity was interesting this week in the LBI real estate market. While the average price of a new listing was over $3,000,000, this is artificially high thanks to a marina in Barnegat Light being listed for sale with an asking price of $17,500,000! When this is removed from the data, the average price of a new listing this week was around $1,900,000 which is more in line with the current trends of the market. Inventory continues to be a problem, and even though the number of single-family homes has increased slightly, there are only 103 active listings in the MLS this week and 43 pending sales. For more information about buying, selling, or investing in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 01-21-2024 to 01-28-2024, 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


 
 
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