LBI Real Estate Weekly Sales Update 02/20/2022-02/27/2022
- High Tides Digital Marketing
- Feb 27, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/20/2022-02/27/2022
LBI Real Estate Weekly Sales Update 02/20/2022-02/27/2022: There were 45 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! This further reduces the already depleted number of 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
10 new listings entered the market with an average price of $1,498,900
16 listings went under contract with an average listing price of about $1,352,431
10 properties sold on Long Beach Island with an average price of $1,406,900
2 listings saw price increaes and 1 saw a price reduction in the LBI real estate market
LBI Real Estate Weekly Sales Update 02/20/2022-02/27/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 – Decimal |
New Active | NJOC2007770 | 12 E 78th St #7 | Harvey Cedars | LBI | $139,000 |
New Active | NJOC2007754 | 111 W 18th St #2 | Ship Bottom | LBI | $509,000 |
New Active | NJOC2007812 | 12007 Sunset Ter | Long Beach Township | LBI | $949,000 |
New Active | NJOC2007810 | 13 W Washington Ave | Long Beach Township | LBI | $1,100,000 |
New Active | NJOC2007670 | 209 Jefferis Ave | Beach Haven | LBI | $1,599,000 |
New Active | NJOC2007620 | 209 Jefferis Ave | Beach Haven | LBI | $1,599,000 |
New Active | NJOC2007828 | 129 E 5th St | Ship Bottom | LBI | $1,799,999 |
New Active | NJOC2007780 | 18 E Sigsbee Ave | Long Beach Township | LBI | $1,899,000 |
New Active | NJOC2007572 | 5 E Louisiana Ave | Long Beach Township | LBI | $2,395,000 |
New Active | NJOC2007798 | 9-B W Bergen Ave | Harvey Cedars | LBI | $2,999,999 |
Price Decrease | NJOC2003826 | 26 W Old Whaling | Long Beach Township | LBI | $2,099,999 |
Price Increase | NJOC2002110 | 10101 Beach Ave | Long Beach Township | LBI | $1,299,000 |
Price Increase | NJOC2003640 | 275 W 27th St | Ship Bottom | LBI | $2,749,000 |
Price Increase | NJOC2004546 | 19 E 38th St E | Long Beach Township | LBI | $2,749,000 |
Active Under Contract | NJOC2007604 | 6110 Long Beach Blvd | Long Beach Township | LBI | $915,000 |
Active Under Contract | NJOC2007688 | 322 N 6th St | Surf City | LBI | $1,179,000 |
Active Under Contract | NJOC2002064 | 10 W 26th St | Barnegat Light | LBI | $1,299,000 |
Active Under Contract | NJOC2006572 | 6 W Carolina Ave | Long Beach Township | LBI | $1,475,000 |
Active Under Contract | NJOC2005794 | 502 Broadway | Barnegat Light | LBI | $1,999,900 |
Active Under Contract | NJOC2007824 | 5 S Ocean Ave | Surf City | LBI | $2,595,000 |
Pending | NJOC410346 | 102 W Roosevelt Ave W #BS – 9 | Long Beach Township | LBI | $29,500 |
Pending | NJOC410348 | Long Beach Township | LBI | $29,500 | |
Pending | NJOC2006372 | 2510 Long Beach Blvd #1B | Ship Bottom | LBI | $725,000 |
Pending | NJOC2007410 | 451 Centre St | Beach Haven | LBI | $999,000 |
Pending | NJOC2006352 | 22 E Weldon Pl | Long Beach Township | LBI | $1,100,000 |
Pending | NJOC2006342 | 22 E Weldon Pl | Long Beach Township | LBI | $1,100,000 |
Pending | NJOC2002896 | 1 E Surf Ave | Beach Haven | LBI | $1,795,000 |
Pending | NJOC2001136 | 29 N 4th St | Surf City | LBI | $1,999,000 |
Pending | NJOC2002236 | 8 E. Bayberry | Long Beach Township | LBI | $2,099,999 |
Pending | NJOC2007100 | 102 E 27th | Long Beach Township | LBI | $2,299,000 |
Closed | NJOC2003086 | 283 W 18th St | Ship Bottom | LBI | $870,000 |
Closed | NJOC2006430 | 5 Louisiana Ave | Long Beach Township | LBI | $999,000 |
Closed | NJOC2003070 | 24 W 12th St | Barnegat Light | LBI | $999,999 |
Closed | NJOC2006058 | 425 Amber St | Beach Haven | LBI | $1,350,000 |
Closed | NJOC2006070 | 425 Amber St | Beach Haven | LBI | $1,350,000 |
Closed | NJOC2005236 | 17 E 14th St | Barnegat Light | LBI | $1,525,000 |
Closed | NJOC2005232 | 17 E 14th St | Barnegat Light | LBI | $1,525,000 |
Closed | NJOC2004934 | 100 W Ship Bottom Ave | Ship Bottom | LBI | $1,550,000 |
Closed | NJOC2003570 | 125b Long Beach Blvd | Long Beach Township | LBI | $1,900,000 |
Closed | NJOC2006066 | 112 Shore Ave | Surf City | LBI | $1,999,999 |
Temporary Off Market | NJOC2006856 | 2202 Central Ave #2 | Ship Bottom | LBI | $399,000 |
Temporary Off Market | NJOC2006852 | 2202 Central Ave #3 | Ship Bottom | LBI | $425,000 |
Withdrawn | NJOC409476 | 19 W Roosevelt Ave | Long Beach Township | LBI | $2,095,000 |
Expired | NJOC2002408 | 25 Anderson | Long Beach Township | LBI | $1,595,000 |
Expired | NJOC2002418 | 258 N 4th St | Surf City | LBI | $1,649,000 |
LBI New Jersey Real Estate Sales Analysis
As we slowly move into the Spring market, buyers are having a harder and harder time finding a home for sale in the LBI real estate market. The number of homes for sale is near an all-time low, and there are more pending sales than active listings. This will almost assuredly lead to prices rising as we come closer to summer. Currently, there are 112 active listings in the MLS this week and 128 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 02/20/2022-02/27/2022 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
