LBI Real Estate Weekly Sales Update 02-25-2024 to 03-03-2024
- High Tides Digital Marketing
- Mar 4, 2024
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02-25-2024 to 03-03-2024
LBI Real Estate Weekly Sales Update 02-25-2024 to 03-03-2024: With 51 changes to the LBI real estate market, it was a busy week on Long Beach Island! In addition to this LBI real estate weekly 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
7 new listings entered the market with an average price of $2,482,000
14 listings went under contract with an average listing price of about $2,507,421
12 properties sold on Long Beach Island with an average price of $1,571,042
12 listings saw price reductions in the LBI real estate market (one of the highest weeks we have seen recently)
LBI Real Estate Weekly Sales Update 02-25-2024 to 03-03-2024
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price |
New Active | NJOC2024172 | 2109 Central Ave | Ship Bottom | LBI | $740,000 |
New Active | NJOC2024208 | 216 S Bay Ave | Beach Haven | LBI | $1,089,000 |
New Active | NJOC2024196 | 108 Roxie Ave #2 | Long Beach Township | LBI | $1,249,000 |
New Active | NJOC2024094 | 24 W New Jersey Ave | Long Beach Township | LBI | $1,249,000 |
New Active | NJOC2024194 | 50 W 5 St #11 | Barnegat Light | LBI | $1,349,000 |
New Active | NJOC2024174 | 1802 Bayview Ave | Barnegat Light | LBI | $1,699,000 |
New Active | NJOC2023546 | 1039-C Long Beach Blvd | Long Beach Township | LBI | $9,999,000 |
Back to Active | NJOC2024134 | 2 W Connecticut Ave | Long Beach Township | LBI | $1,149,000 |
Back to Active | NJOC2023070 | 3 E Surf Ave | Long Beach Township | LBI | $2,699,000 |
Price Decrease | NJOC2019574 | 401 Broadway #21A | Barnegat Light | LBI | $599,900 |
Price Decrease | NJOC2023196 | 242 W 15th St #1 | Ship Bottom | LBI | $659,000 |
Price Decrease | NJOC2023214 | 242 W 15th #2 | Ship Bottom | LBI | $689,000 |
Price Decrease | NJOC2023234 | 376 W 5th St | Ship Bottom | LBI | $1,399,000 |
Price Decrease | NJOC2023468 | 2501 Long Beach | Beach Haven | LBI | $1,449,999 |
Price Decrease | NJOC2020114 | 111 N Central Ave | Surf City | LBI | $2,495,000 |
Price Decrease | NJOC2023306 | 105 N Central Ave | Surf City | LBI | $2,495,000 |
Price Decrease | NJOC2023298 | 100 E Colorado Ave #WEST | Long Beach Township | LBI | $2,799,500 |
Price Decrease | NJOC2023152 | 100 E Colorado Ave #EAST | Long Beach Township | LBI | $2,995,000 |
Price Decrease | NJOC2022590 | 166-E Marina Blvd | Long Beach Township | LBI | $4,995,000 |
Price Decrease | NJOC2024152 | 1039-B Long Beach Blvd | Long Beach Township | LBI | $4,999,000 |
Price Decrease | NJOC2017734 | 2 W Cleveland | Long Beach Township | LBI | $5,499,000 |
Active Under Contract | NJOC2022450 | 107 E New York Ave | Long Beach Township | LBI | $1,899,910 |
Active Under Contract | NJOC2023788 | 304 N 14th St | Surf City | LBI | $1,999,999 |
Active Under Contract | NJOC2024004 | 128 W Jeanette | Long Beach Township | LBI | $2,495,000 |
Active Under Contract | NJOC2020736 | 11 E 35th St | Long Beach Township | LBI | $2,495,000 |
Active Under Contract | NJOC2023680 | 20 22nd St | Surf City | LBI | $2,750,000 |
Pending | NJOC2023960 | 229 W 21st St | Ship Bottom | LBI | $829,000 |
Pending | NJOC2023408 | 418 Drexel Ave | Ship Bottom | LBI | $1,199,000 |
Pending | NJOC2022396 | 126 E 20th St | Ship Bottom | LBI | $1,199,000 |
Pending | NJOC2023796 | 333 W 11th St | Ship Bottom | LBI | $1,299,900 |
Pending | NJOC2023618 | 1805 N Atlantic Ave | Long Beach Township | LBI | $1,495,000 |
Pending | NJOC2023478 | 6415 Bayview | Beach Haven | LBI | $1,999,000 |
Pending | NJOC2022900 | 14 E 81st St | Harvey Cedars | LBI | $2,295,000 |
Pending | NJOC2022054 | 134 Belvoir | Beach Haven | LBI | $2,599,000 |
Pending | NJOC2017500 | 100 Essex Ave | Beach Haven | LBI | $5,499,999 |
Pending | NJOC2018290 | 19-B Long Beach Blvd | Long Beach Township | LBI | $6,949,000 |
Closed | NJOC2022898 | 2308 Central Ave | Ship Bottom | LBI | $650,000 |
Closed | NJOC2022804 | 9 Pearl St #1.E | Beach Haven | LBI | $675,000 |
Closed | NJOC2021878 | 315 W 10th St | Ship Bottom | LBI | $800,000 |
Closed | NJOC2023498 | 1112 N Central Ave | Surf City | LBI | $1,200,000 |
Closed | NJOC2022004 | 301 W 18th St | Ship Bottom | LBI | $1,300,000 |
Closed | NJOC2018538 | 333 N 8th St | Surf City | LBI | $1,335,000 |
Closed | NJOC2022966 | 5 E 42nd | Long Beach Township | LBI | $1,462,500 |
Closed | NJOC2023146 | 300 S Atlantic Ave | Beach Haven | LBI | $1,675,000 |
Closed | NJOC2023034 | 126 E 26th St | Ship Bottom | LBI | $1,700,000 |
Closed | NJOC2021248 | 233 N 1st St | Surf City | LBI | $1,900,000 |
Closed | NJOC2021514 | 15 W Mears Ave | Long Beach Township | LBI | $3,055,000 |
Closed | NJOC2018170 | 14 W 74th St | Harvey Cedars | LBI | $3,100,000 |
Withdrawn | NJOC2024042 | 9 W 51st St | Long Beach Township | LBI | $3,349,000 |
Expired | NJOC2021944 | 9305 Mark Dr | Long Beach Township | LBI | $1,895,000 |
Expired | NJOC2020486 | 411 N 3rd St | Surf City | LBI | $1,995,000 |
LBI New Jersey Real Estate Sales Analysis
It was a very busy week in the Long Beach Island real estate market, and the activity was very interesting. There were more price reductions this week then there have been in any recently alaysis. There were also a record number of pending sales this week! What that tells us is buyers are active and willing to make a purchase, but they are more price sensitive and cautious. A home has to be priced right to sell, even in a seller's market. Pending sales and closings both had a good showing this week, but sellers need to pay attention to the whole market and understand their homes true value. There are 112 active listings in the MLS this week and 41 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 02-25-2024 to 03-03-2024, 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
