LBI Real Estate Weekly Sales Update 01-21-2024 to 01-28-2024
- High Tides Digital Marketing
- 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: 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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
