LBI Real Estate Weekly Sales Update 02/12/2023-02/19/2023
- High Tides Digital Marketing
- Feb 20, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/12/2023-02/19/2023
Long Beach Island Real Estate 02/12/2023-02/19/2023
LBI Real Estate Weekly Sales Update 02/12/2023-02/19/2023: There were 39 changes to the Long Beach Island real estate market this week, and 16 of those 39 changes were in the form of pending sales! 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 on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,647,750
16 listings went under contract with an average listing price of about $1,981,806
5 properties sold on Long Beach Island with an average price of $1,241,400
7 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 02/12/2023-02/19/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price |
Coming Soon | NJOC2016432 | 310 S 1st St | Surf City | $1,199,999 |
New Active | NJOC2016536 | 32 W Indiana | Long Beach Township | $999,000 |
New Active | NJOC2016528 | 2 W Winifred Ave | Long Beach Township | $1,190,000 |
New Active | NJOC2016472 | 2806 Long Beach Blvd | Long Beach Township | $1,250,000 |
New Active | NJOC2016576 | 103 W Lavenia Ave | Long Beach Township | $1,650,000 |
New Active | NJOC2016486 | 109 W 15th St | Long Beach Township | $1,695,000 |
New Active | NJOC2016500 | 111 E 29th St | Ship Bottom | $2,499,000 |
New Active | NJOC2016482 | 3 E Surf Ave | Long Beach Township | $2,699,000 |
Price Decrease | NJOC2015924 | 2702-Long Beach Blvd | Ship Bottom | $735,000 |
Price Decrease | NJOC2014274 | 6110 Long Beach | Long Beach Township | $970,000 |
Price Decrease | NJOC2012694 | 2 Tennessee | Long Beach Township | $2,499,999 |
Price Decrease | NJOC2015728 | 20 E 7th St | Beach Haven | $2,595,000 |
Price Decrease | NJOC2015014 | 119 E 19th St | Ship Bottom | $2,750,000 |
Price Decrease | NJOC2014300 | 135-B Long Beach | Long Beach Township | $4,349,999 |
Price Decrease | NJOC2013774 | 1035-C Long Beach | Long Beach Township | $7,999,999 |
Active Under Contract | NJOC2016368 | 310 S West Ave #C-2 | Beach Haven | $675,000 |
Active Under Contract | NJOC2014966 | 310 W West Ave #K-3 | Beach Haven | $695,000 |
Active Under Contract | NJOC2016114 | 11 E Bay Berry Dr | Long Beach Township | $1,250,000 |
Active Under Contract | NJOC2015984 | 205 5th St | Beach Haven | $1,450,000 |
Active Under Contract | NJOC2015138 | 7 Pershing | Long Beach Township | $1,450,999 |
Active Under Contract | NJOC2016550 | 122 6th St | Beach Haven | $1,599,000 |
Active Under Contract | NJOC2013040 | 108 W Culver Ave | Long Beach Township | $1,649,000 |
Active Under Contract | NJOC2016442 | 19 W Roosevelt Ave | Long Beach Township | $1,995,000 |
Active Under Contract | NJOC2014744 | 1020-A Long Beach Blvd | Long Beach Township | $2,599,000 |
Pending | NJOC2015492 | 20 Amber St #E11 | Beach Haven | $469,000 |
Pending | NJOC2016016 | 212 Pelham Ave #2 | Beach Haven | $849,900 |
Pending | NJOC2012822 | 14 W Bayberry Dr | Long Beach Township | $999,000 |
Pending | NJOC2013174 | 107 W 15th St | Ship Bottom | $1,989,000 |
Pending | NJOC2016436 | 275 W 27th St | Ship Bottom | $2,549,000 |
Pending | NJOC2016066 | 22 S 1st St | Surf City | $3,495,000 |
Pending | NJOC2015740 | 6715 Ocean Blvd | Long Beach Township | $7,995,000 |
Closed | NJOC2013532 | 107 E. 28th St E | Ship Bottom | $900,000 |
Closed | NJOC2014964 | 1504 Long Beach | Long Beach Township | $999,999 |
Closed | NJOC2015852 | 4206 Long Beach #E | Long Beach Township | $1,012,000 |
Closed | NJOC2011948 | 2214 Beach Avenue | Long Beach Township | $1,295,000 |
Closed | NJOC2015354 | 10 E 19th St | Barnegat Light | $2,000,000 |
Expired | NJOC2014794 | 17 E 29th | Long Beach Township | $1,199,000 |
Expired | NJOC2014376 | 25 N 13th Street | Surf City | $1,799,000 |
Expired | NJOC2012670 | 1027-C Long Beach | Long Beach Township | $8,999,999 |
LBI New Jersey Real Estate Sales Analysis
For the past few weeks we have seen a marginal increase in new listings coming on the market. Now, we are seeing a surge in the number of pending sales. This shows that demand is still very high in the LBI real estate market, we need more homes to sell! With the level of homes for sale on Long Beach Island still near historic lows, buyers are having trouble sourcing the right home to purchase. I expect we will see strong pending sales number snext week too as some of the new inventory from the last few weeks transacts. There are 123 active listings in the MLS this week and 62 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 02/12/2023-02/19/2023 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
