LBI Real Estate Weekly Sales Update 02-18-2024 to 02-25-2024
- High Tides Digital Marketing
- Feb 25, 2024
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02-18-2024 to 02-25-2024
LBI Real Estate Weekly Sales Update 02-18-2024 to 02-25-2024: It was another strong week of home sales on Long Beach Island. There were higher than average numbers of pending sales this week than new listings, which makes sense as inventory levels have risen to over 100 homes for sale. In addition to this weekly LBI real estate 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
13 new listings entered the market with an average price of $1,929,614
12 listings went under contract with an average listing price of about $2,433,242
2 properties sold on Long Beach Island with an average price of $1,815,000
4 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 02-18-2024 to 02-25-2024
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2024134 | 2 W Connecticut Ave | Long Beach Township | LBI | Zip 08008 | $1,149,000 |
New Active | NJOC2024114 | 909 N. Bay Avenue #FLOOR 1 | Beach Haven | LBI | Zip 08008 | $55,000 |
New Active | NJOC2023902 | 5302 S Long Beach Blvd #3 | Long Beach Township | LBI | Zip 08008 | $450,000 |
New Active | NJOC2024074 | 510 N Bay Ave #310 | Beach Haven | LBI | Zip 08008 | $999,990 |
New Active | NJOC2024108 | 35-A W Maryland Ave | Long Beach Township | LBI | Zip 08008 | $1,225,000 |
New Active | NJOC2024122 | 7701 Long Beach Blvd | Harvey Cedars | LBI | Zip 08008 | $1,385,000 |
New Active | NJOC2024068 | 339 W 4th St | Ship Bottom | LBI | Zip 08008 | $1,499,000 |
New Active | NJOC2023998 | 340 Kentford Ave | Beach Haven | LBI | Zip 08008 | $1,575,000 |
New Active | NJOC2024076 | 403 Coral St | Beach Haven | LBI | Zip 08008 | $1,699,000 |
New Active | NJOC2024098 | 35 Lighthouse Way | Long Beach Township | LBI | Zip 08008 | $2,799,000 |
New Active | NJOC2024042 | 9 W 51st St | Long Beach Township | LBI | Zip 08008 | $3,349,000 |
New Active | NJOC2024058 | 813 N Ocean Ave | Surf City | LBI | Zip 08008 | $3,699,990 |
New Active | NJOC2024014 | 3 W West 3rd St | Barnegat Light | LBI | Zip 08008 | $5,200,000 |
Active Under Contract | NJOC2023796 | 333 W 11th St | Ship Bottom | LBI | Zip 08008 | $1,299,900 |
Active Under Contract | NJOC2017500 | 100 Essex Ave | Beach Haven | LBI | Zip 08008 | $5,499,999 |
Pending | NJOC2023592 | 533-A Engleside Ave | Beach Haven | LBI | Zip 08008 | $457,000 |
Pending | NJOC2021276 | 358 W 6th St | Ship Bottom | LBI | Zip 08008 | $995,000 |
Pending | NJOC2023730 | 9604 Beach | Long Beach Township | LBI | Zip 08008 | $1,075,000 |
Pending | NJOC2023498 | 1112 N Central Ave | Surf City | LBI | Zip 08008 | $1,200,000 |
Pending | NJOC2022004 | 301 W 18th St | Ship Bottom | LBI | Zip 08008 | $1,398,000 |
Pending | NJOC2021342 | 276 N 12th St | Surf City | LBI | Zip 08008 | $1,890,000 |
Pending | NJOC2022420 | 13 E 16th St | Long Beach Township | LBI | Zip 08008 | $1,995,000 |
Pending | NJOC2023462 | 1012-F Long Beach | Long Beach Township | LBI | Zip 08008 | $2,599,000 |
Pending | NJOC2013746 | 75 Bayview Ave | Long Beach Township | LBI | Zip 08008 | $3,995,000 |
Pending | NJOC2021176 | 7401 Ocean Blvd | Long Beach Township | LBI | Zip 08008 | $6,795,000 |
Price Decrease | NJOC2022430 | 6 34th | Long Beach Township | LBI | Zip 08008 | $1,070,000 |
Price Decrease | NJOC2019364 | 5104 West | Long Beach Township | LBI | Zip 08008 | $1,299,000 |
Price Decrease | NJOC2020114 | 111 N Central Ave | Surf City | LBI | Zip 08008 | $2,545,000 |
Price Decrease | NJOC2023306 | 105 N Central Ave | Surf City | LBI | Zip 08008 | $2,545,000 |
Expired | NJOC2021414 | 1 La Baia | Long Beach Township | LBI | Zip 08008 | $1,699,000 |
Expired | NJOC2019970 | 35 Lighthouse | Long Beach Township | LBI | Zip 08008 | $2,799,000 |
Closed | NJOC2021732 | 13 E Jeanette Ave | Long Beach Township | LBI | Zip 08008 | $999,999 |
Closed | NJOC2019978 | 3 Olsen Ave | Harvey Cedars | LBI | Zip 08008 | $2,630,000 |
LBI New Jersey Real Estate Sales Analysis
Market activity is still strong despite there being so few homes for sale. We are in the middle of the winter market, and buyers are not shy! Inventory is still the major issue in the market. There are 102 active listings in the MLS this week and 48 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 02-18-2024 to 02-25-2024, 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
