LBI Real Estate Weekly Sales Update 01/23/2022-01/30/2022
- High Tides Digital Marketing
- Jan 30, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 01/23/2022-01/30/2022
LBI Real Estate Weekly Sales Update 01/23/2022-01/30/2022: As January of 2022 comes to a close, saw another week of very limited activity in the LBI real estate market. This lack of activity has nothing to do with lower interest, but rather the simple fact there are not enough homes for sale on Long Beach Island! To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
11 new listings entered the market with an average price of $1,640,636
16 listings went under contract with an average listing price of about $1,309,187
4 properties sold on Long Beach Island with an average price of $1,214,250
2 listings saw price reductions in the LBI real estate market and one home raised its sales price
LBI Real Estate Weekly Sales Update 01/23/2022-01/30/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price |
New Active | NJOC2006262 | 102 Roosevelt #BS9,27,28,29,BS30 | Long Beach Township | LBI | $125,000 |
New Active | NJOC2006856 | 2202 Central Ave #2 | Ship Bottom | LBI | $399,000 |
New Active | NJOC2006852 | 2202 Central Ave #3 | Ship Bottom | LBI | $425,000 |
New Active | NJOC2006254 | 105 Maryland Ave Ave | Long Beach Township | LBI | $1,100,000 |
New Active | NJOC2006038 | 105 Maryland | Long Beach Township | LBI | $1,100,000 |
New Active | NJOC2006848 | 2202 Central Ave | Ship Bottom | LBI | $1,200,000 |
New Active | NJOC2006920 | 3903 Long Beach Blvd | Long Beach Township | LBI | $1,250,000 |
New Active | NJOC2006648 | 109 E Connecticut Ave. | Long Beach Township | LBI | $1,399,000 |
New Active | NJOC2006772 | 7-A W 82nd St | Harvey Cedars | LBI | $2,300,000 |
New Active | NJOC2005164 | 115 E Mermaid | Long Beach Township | LBI | $2,899,000 |
New Active | NJOC2005598 | 1017-C Long Beach Blvd | Long Beach Township | LBI | $5,850,000 |
Price Decrease | NJOC2004192 | 107 W 18th St | Ship Bottom | LBI | $798,000 |
Price Decrease | NJOC2003122 | 107 W 18th St | Ship Bottom | LBI | $798,000 |
Price Increase | NJOC2005540 | 4 E Arts Ln | Long Beach Township | LBI | $5,495,000 |
Active Under Contract | NJOC2002622 | 20 Amber St #E6 | Beach Haven | LBI | $439,000 |
Active Under Contract | NJOC2004552 | 1401 Long Beach Boulevard | Long Beach Township | LBI | $799,000 |
Active Under Contract | NJOC2006352 | 22 E Weldon Pl | Long Beach Township | LBI | $1,100,000 |
Active Under Contract | NJOC2006342 | 22 E Weldon Pl | Long Beach Township | LBI | $1,100,000 |
Active Under Contract | NJOC2006554 | 1712 Barnegat Ave | Ship Bottom | LBI | $1,249,000 |
Active Under Contract | NJOC2006348 | 1002 N Beach Ave | Beach Haven | LBI | $1,435,000 |
Active Under Contract | NJOC2006238 | 1002 N Beach Ave | Beach Haven | LBI | $1,435,000 |
Pending | NJOC2006928 | 13302 Long Beach | Long Beach Township | LBI | $2,000.00 |
Pending | NJOC2000005 | 111 E 26th St | Ship Bottom | LBI | $825,000 |
Pending | NJOC2006118 | 420 8th St #N3 | Beach Haven | LBI | $975,000 |
Pending | NJOC2004154 | 2020 Long Beach Blvd #2-C (SW) | Ship Bottom | LBI | $999,000 |
Pending | NJOC2006702 | 13400 Pacific Ave | Long Beach Township | LBI | $1,495,000 |
Pending | NJOC2003774 | 52-C Long Beach Blvd | Long Beach Township | LBI | $1,499,000 |
Pending | NJOC2006258 | 17 E 45th | Long Beach Township | LBI | $1,599,999 |
Pending | NJOC2000552 | 2011 E Bay Ter | Ship Bottom | LBI | $2,595,000 |
Pending | NJOC2003280 | 1214 Atlantic | Long Beach Township | LBI | $3,399,999 |
Closed | NJOC410350 | 102 Rooservelt Ave W #BS – 22 | Long Beach Township | LBI | $29,000 |
Closed | NJOC2004342 | 245 S 2nd St | Surf City | LBI | $929,000 |
Closed | NJOC2005136 | 2501 Beach Ave | Long Beach Township | LBI | $1,250,000 |
Closed | NJOC409866 | 70 W California Ave | Long Beach Township | LBI | $2,649,000 |
Withdrawn | NJOC2001628 | 510 N Bay Ave #309 | Beach Haven | LBI | $999,000 |
Withdrawn | NJOC2004464 | 122 E 29th St | Ship Bottom | LBI | $1,799,000 |
Withdrawn | NJOC2006242 | 7 S Central Ave | Surf City | LBI | $1,999,000 |
Canceled | NJOC409798 | 333 W 6th St | Ship Bottom | LBI | $989,000 |
Expired | NJOC409626 | 12 E 78th St #7 | Harvey Cedars | LBI | $125,000 |
LBI New Jersey Real Estate Sales Analysis
January and February are, historically, some of the busiest months for new listings coming on the market. As we end January, that did not prove to be the case. Inventory has actually fallen since the month began, with fewer homes on the market now than three were in December. For the moment at least, buyers will continue to operate in a low inventory environment, which will most likely lead to prices continuing to rise. There are 125 active listings in the MLS this week and 118 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 01/23/2022-01/30/2022 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
