LBI Real Estate Weekly Sales Update 02/14/2021-02/21/2021
- High Tides Digital Marketing
- Feb 22, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/14/2021-02/21/2021
LBI Real Estate Weekly Sales Update 02/14/2021-02/21/2021: There were a total 76 changes to the Long Beach Island real estate market this week. The market continues to experience a shortage of inventory, but demand remains very high. Buyers seem to have a lot of confidence in the LBI real estate sales market. To help understand the dynamics of the 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
14 new listings entered the market with an average price of $1,610,764
39 listings went under contract with an average listing price of about $1,327,328
13 properties sold on Long Beach Island with an average price of $1,553,167
5 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 02/14/2021-02/21/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 – Decimal |
Coming Soon | NJOC406840 | 2302 Central Ave | Ship Bottom | LBI | $825,000 |
Coming Soon | NJOC407366 | 1-D Sunset Blvd | Long Beach Township | LBI | $1,695,000 |
New Active | NJOC407254 | 124 E 17th St #2 | Ship Bottom | LBI | $329,900 |
New Active | NJOC407260 | 304 10th St St | Ship Bottom | LBI | $695,000 |
New Active | NJOC407068 | 18 W Rosemma | Long Beach Township | LBI | $879,000 |
New Active | NJOC407368 | 23 W Sailboat | Long Beach Township | LBI | $929,000 |
New Active | NJOC407376 | 2014 Beach Ave | Long Beach Township | LBI | $1,100,000 |
New Active | NJOC407294 | 7604 Ocean Blvd. | Long Beach Township | LBI | $1,250,000 |
New Active | NJOC407222 | 124 East Lillie Ave | Long Beach Township | LBI | $1,499,900 |
New Active | NJOC407242 | 304 W 10th St | Ship Bottom | LBI | $1,799,000 |
New Active | NJOC406892 | 411 N 3rd St | Surf City | LBI | $1,899,000 |
New Active | NJOC407382 | 12 E 17th St | Long Beach Township | LBI | $2,100,000 |
New Active | NJOC407334 | 191 Nautilus Dr | Long Beach Township | LBI | $3,550,000 |
New Active | NJOC407052 | 126 Laguna Ln | Long Beach Township | LBI | $3,999,900 |
Back to Active | NJOC402650 | 12415 Ocean | Long Beach Township | LBI | $3,400,000 |
Back to Active | NJOC137626 | 1035 Long Beach Blvd | Long Beach Township | LBI | $5,950,000 |
Price Decrease | NJOC403896 | 1113-A Long Beach | Long Beach Township | LBI | $2,925,000 |
Price Decrease | NJOC403900 | 1113-A Long Beach #A | Long Beach Township | LBI | $2,925,000 |
Price Decrease | NJOC403904 | 1113-A Long Beach #A | Long Beach Township | LBI | $2,925,000 |
Active Under Contract | NJOC401348 | 1000 N Bay Ave #3M | Beach Haven | LBI | $429,000 |
Active Under Contract | NJOC403626 | 901 Ocean Ave #925 | Ship Bottom | LBI | $695,000 |
Active Under Contract | NJOC407112 | 16 E Nevada | Long Beach Township | LBI | $925,000 |
Active Under Contract | NJOC403320 | 5300 West | Long Beach Township | LBI | $997,000 |
Active Under Contract | NJOC406918 | 10 W 21st St | Long Beach Township | LBI | $1,299,000 |
Active Under Contract | NJOC406932 | 316 N 12th St | Surf City | LBI | $1,350,000 |
Active Under Contract | NJOC407122 | 22 W New York Ave (84th Street) | Long Beach Township | LBI | $1,395,000 |
Active Under Contract | NJOC405842 | 8 W 85th | Long Beach Township | LBI | $1,499,000 |
Active Under Contract | NJOC403700 | 128 E Ohio | Long Beach Township | LBI | $2,529,000 |
Active Under Contract | NJOC405104 | 415 Jefferies Ave | Beach Haven | LBI | $2,800,000 |
Pending | NJOC399416 | 100-#8S WEST AVE N #U8 | Beach Haven | LBI | $129,000 |
Pending | NJOC391092 | 1801 S Long Beach Blvd | Ship Bottom | LBI | $399,900 |
Pending | NJOC406756 | 1709 N Long Beach Blvd | Surf City | LBI | $525,000 |
Pending | NJOC406752 | 1709 N Long Beach Blvd | Surf City | LBI | $595,000 |
Pending | NJOC405778 | 201 W 28th St | Ship Bottom | LBI | $739,000 |
Pending | NJOC405964 | 313 Centre St | Beach Haven | LBI | $769,000 |
Pending | NJOC403826 | 9306 N Susan Ln | Long Beach Township | LBI | $799,999 |
Pending | NJOC394474 | 504 Central Ave | Barnegat Light | LBI | $825,000 |
Pending | NJOC401908 | 208 N Bay Ave | Beach Haven | LBI | $869,000 |
Pending | NJOC405602 | 19 W Jeanette Ave | Long Beach Township | LBI | $899,000 |
Pending | NJOC407232 | 279 N 11th St | Surf City | LBI | $925,000 |
Pending | NJOC405624 | 322 6th St W | Ship Bottom | LBI | $929,900 |
Pending | NJOC406608 | 909 S Bay Ave | Beach Haven | LBI | $935,000 |
Pending | NJOC406750 | 1709 N Long Beach Blvd | Surf City | LBI | $1,045,000 |
Pending | NJOC404014 | 50 Amherst | Long Beach Township | LBI | $1,199,000 |
Pending | NJOC406222 | 202 W 18th St | Ship Bottom | LBI | $1,199,000 |
Pending | NJOC405242 | 507 Drexel Ave | Ship Bottom | LBI | $1,200,000 |
Pending | NJOC405826 | 1214 N Atlantic Ave | Long Beach Township | LBI | $1,399,000 |
Pending | NJOC405438 | 1214 N Atlantic Ave | Long Beach Township | LBI | $1,399,000 |
Pending | NJOC406856 | 1046-C-2 Long Beach Blvd #C-2 | Long Beach Township | LBI | $1,495,000 |
Pending | NJOC402980 | 1807 N Long Beach Blvd | Surf City | LBI | $1,495,000 |
Pending | NJOC394510 | 401 N Bay Ave | Beach Haven | LBI | $1,545,000 |
Pending | NJOC403914 | 107 E 27th St | Long Beach Township | LBI | $1,565,000 |
Pending | NJOC405534 | 15 N 2nd St | Surf City | LBI | $1,599,000 |
Pending | NJOC406180 | 12614 Beach Avenue | Long Beach Township | LBI | $1,725,000 |
Pending | NJOC406318 | 216 Jefferis Ave | Beach Haven | LBI | $1,750,000 |
Pending | NJOC403438 | 11 Webster | Long Beach Township | LBI | $2,499,000 |
Pending | NJOC397414 | 11 Lincoln Ave | Long Beach Township | LBI | $2,699,000 |
Pending | NJOC406220 | 123 E Texas Ave | Long Beach Township | LBI | $4,695,000 |
Closed | NJOC406472 | 102 Roosevelt #BS12 | Long Beach Township | LBI | $35,000 |
Closed | NJOC400680 | 7903 Long Beach Blvd #A | Long Beach Township | LBI | $225,000 |
Closed | NJOC402830 | 533-C Engleside Ave #C | Beach Haven | LBI | $295,000 |
Closed | NJOC397156 | 510 N Bay Ave #303 | Beach Haven | LBI | $699,000 |
Closed | NJOC402392 | 307 W 17th St | Ship Bottom | LBI | $887,500 |
Closed | NJOC406268 | 10 44th | Long Beach Township | LBI | $899,000 |
Closed | NJOC405766 | 407 B Coral St | Beach Haven | LBI | $950,000 |
Closed | NJOC402888 | 125 23rd Ave | Long Beach Township | LBI | $1,220,000 |
Closed | NJOC405320 | 217 Norwood Ave | Beach Haven | LBI | $1,550,000 |
Closed | NJOC405974 | 4 Sandy Cove Lane | Long Beach Township | LBI | $1,550,000 |
Closed | NJOC405328 | 117 E 20th St | Ship Bottom | LBI | $1,662,500 |
Closed | NJOC404318 | 1900 Virginia Ave | Beach Haven | LBI | $4,000,000 |
Closed | NJOC400348 | 123 Colorado | Long Beach Township | LBI | $4,700,000 |
Temporary Off Market | NJOC403124 | 2200 N Long Beach Blvd | Surf City | LBI | $1,195,000 |
Temporary Off Market | NJOC402940 | 2200 N Long Beach Blvd | Surf City | LBI | $1,195,000 |
Canceled | NJOC405346 | 199 Nautilus Dr | Long Beach Township | LBI | $4,495,000 |
Expired | NJOC401654 | 20 Lange Ave | Harvey Cedars | LBI | $849,000 |
Expired | NJOC401672 | 101 Essex Ave | Beach Haven | LBI | $5,400,000 |
LBI New Jersey Real Estate Sales Analysis
Nearly three times as many homes went under contract this week as were listed for sale. This highlights how hard it is for a buyer to find a good home, and why a buyer has to understand the LBI real estate market and what creates value. The average price of a sale is holding around $1,600,000 or so which is considerably higher than a year ago. 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 02/14/2021-02/21/2021 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
