LBI Real Estate Weekly Sales Update 02/19/2023-02/26/2023
- High Tides Digital Marketing
- Feb 28, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/19/2023-02/26/2023
LBI Real Estate Weekly Sales Update 02/19/2023-02/26/2023: There were only 66 changes to the Long Beach Island real estate market this week, and almost a third of that activity was 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
7 new listings entered the market with an average price of $2,649,843
14 listings went under contract with an average listing price of about $1,769,536
9 properties sold on Long Beach Island with an average price of $2,373,778
4 listings saw price reductions in the LBI real estate market and 2 homes saw a price increase
LBI Real Estate Weekly Sales Update 02/19/2023-02/26/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2016562 | 324 N 2nd St | Surf City | $1,349,000 |
Coming Soon | NJOC2016696 | 10 E 20th Street | Long Beach Township | $990,000 |
New Active | NJOC2016608 | 42c Long Beach | Long Beach Township | $2,150,000 |
New Active | NJOC2016642 | 110 W 18th St | Long Beach Township | $1,800,000 |
New Active | NJOC2016654 | 321 W 4th St | Ship Bottom | $1,499,900 |
New Active | NJOC2016652 | 210 E 23rd St | Long Beach Township | $2,760,000 |
New Active | NJOC2016714 | 43-D Long Beach | Long Beach Township | $7,999,999 |
Back to Active | NJOC2015138 | 7 Pershing | Long Beach Township | $1,450,999 |
Price Decrease | NJOC2011644 | 12 E Delaware Ave | Long Beach Township | $2,199,000 |
Price Decrease | NJOC2012748 | 2307 Central Ave | Barnegat Light | $840,000 |
Price Decrease | NJOC2014716 | 138-A Long Beach Boulevard | Long Beach Township | $1,990,000 |
Price Decrease | NJOC2016054 | 1096-C Long Beach | Long Beach Township | $1,749,000 |
Price Increase | NJOC2016052 | 1210 Long Beach, Unit A | Long Beach Township | $450,000 |
Price Increase | NJOC2016196 | 1210 Long Beach, Unit B | Long Beach Township | $450,000 |
Active Under Contract | NJOC2015728 | 20 E 7th St | Beach Haven | $2,595,000 |
Active Under Contract | NJOC2015986 | 205 5th St | Beach Haven | $1,450,000 |
Active Under Contract | NJOC2015590 | 11804 Sunset Ter | Long Beach Township | $3,699,500 |
Active Under Contract | NJOC2014802 | 315 W 7th St | Ship Bottom | $850,000 |
Pending | NJOC2016244 | 6209 Ocean | Long Beach Township | $4,199,999 |
Pending | NJOC2015442 | 2320 Central Ave | Ship Bottom | $950,000 |
Pending | NJOC2016528 | 2 W Winifred Ave | Long Beach Township | $1,190,000 |
Pending | NJOC2012428 | 8511 Long Beach | Long Beach Township | $1,274,000 |
Pending | NJOC2014682 | 130 Taylor Ave | Beach Haven | $1,399,000 |
Pending | NJOC2013726 | 3101 S Long Beach Blvd S #0840 – UNIT 4 U | Long Beach Township | $979,000 |
Pending | NJOC2016536 | 32 W Indiana | Long Beach Township | $999,000 |
Pending | NJOC2013504 | 3 Bay Shore Rd | Long Beach Township | $990,000 |
Pending | NJOC2014744 | 1020-A Long Beach Blvd | Long Beach Township | $2,599,000 |
Pending | NJOC2016550 | 122 6th St | Beach Haven | $1,599,000 |
Closed | NJOC2013080 | 6 W 28th St W | Barnegat Light | $1,300,000 |
Closed | NJOC2013798 | 7 E 68th St | Harvey Cedars | $1,625,000 |
Closed | NJOC2014406 | 1918 N Long Beach Blvd | Surf City | $1,450,000 |
Closed | NJOC2015218 | 9 W Cumberland Ave | Harvey Cedars | $3,500,000 |
Closed | NJOC2015690 | 101 W 9th St #102 | Ship Bottom | $795,000 |
Closed | NJOC2015236 | 29 4th St | Beach Haven | $2,225,000 |
Closed | NJOC2011264 | 12312 Old Whaling | Beach Haven | $8,000,000 |
Closed | NJOC2015332 | 7800 Ocean | Long Beach Township | $1,500,000 |
Closed | NJOC2012822 | 14 W Bayberry Dr | Long Beach Township | $969,000 |
Withdrawn | NJOC2014400 | 1918 N Long Beach Blvd | Surf City | $1,595,000 |
Withdrawn | NJOC2016402 | 270 16th St W | Ship Bottom | $2,295,000 |
Withdrawn | NJOC2016210 | 9 E Harmony | Beach Haven | $1,450,000 |
Withdrawn | NJOC2013590 | 110 E Jeanette Ave | Long Beach Township | $6,900,000 |
Withdrawn | NJOC2014286 | 110 E Jeanette Ave | Long Beach Township | $3,650,000 |
LBI New Jersey Real Estate Sales Analysis
For those who follow this weekly posting, you will note that several weeks ago we saw inventory increase ever so slightly. At that time, I predicted that pending sales would jump considerably and now that looks to be the case. There were twice as many pending sales this week as there were new listings. Buyers are active in the market and they just need something to buy! Prices have also risen to some degree with both the average price of a new listing and the average sales price over $2,000,000. There are 119 active listings in the MLS this week and 64 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 02/19/2023-02/26/2023 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
