LBI Real Estate Weekly Sales Update 02/27/2022-03/06/2022
- High Tides Digital Marketing
- Mar 6, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/27/2022-03/06/2022
LBI Real Estate Weekly Sales Update 02/27/2022-03/06/2022: There were 60 changes to the Long Beach Island real estate market this week, which is a significant increase over the past few weeks. This is likely to continue as we come closer to the summer season. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
15 new listings entered the market with an average price of $1,986,400 (driven higher by an oceanfront for $6,500,000)
17 listings went under contract with an average listing price of about $1,372,909
11 properties sold on Long Beach Island with an average price of $1,412,083
5 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 02/27/2022-03/06/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price – Decimal |
Coming Soon | NJOC2007968 | 116 N 15th St | Surf City | $599,000 |
Coming Soon | NJOC2008066 | 1001 Ocean Ave #1016 | Ship Bottom | $1,299,000 |
New Active | NJOC2008000 | 1307 Long Beach Blvd | Long Beach Township | $999,000 |
New Active | NJOC2007840 | 2 E 14th St | Long Beach Township | $1,149,000 |
New Active | NJOC2007814 | 254 N 3rd St | Surf City | $1,199,000 |
New Active | NJOC2008060 | 2508 Beach | Long Beach Township | $1,250,000 |
New Active | NJOC2007732 | 224 5th St | Beach Haven | $1,390,000 |
New Active | NJOC2007926 | 109 E 28th St | Long Beach Township | $1,399,000 |
New Active | NJOC2007928 | 109 E 28th St | Long Beach Township | $1,399,000 |
New Active | NJOC2007950 | 1 E 68th St | Harvey Cedars | $1,525,000 |
New Active | NJOC2007874 | 119 E 24th Street | Long Beach Township | $1,799,000 |
New Active | NJOC2007888 | 1096-B-West Unit Long Beach Blvd | Long Beach Township | $2,395,000 |
New Active | NJOC2007884 | 1096-B-East Unit Long Beach Blvd | Long Beach Township | $2,395,000 |
New Active | NJOC2006078 | 6808 Kent Pl | Harvey Cedars | $4,499,000 |
New Active | NJOC2008036 | 1117 Long Beach Blvd | Long Beach Township | $6,500,000 |
Back to Active | NJOC2007042 | 5011 Long Beach Blvd | Long Beach Township | $2,499,000 |
Back to Active | NJOC2006984 | 304 Iroquois Ave | Beach Haven | $2,795,000 |
Price Decrease | NJOC2007754 | 111 W 18th St #2 | Ship Bottom | $489,000 |
Price Decrease | NJOC2003656 | 369 W 8th St #4 | Ship Bottom | $940,000 |
Price Decrease | NJOC2007360 | 2602 Long Beach Blvd | Ship Bottom | $1,395,000 |
Price Decrease | NJOC2007356 | 2602 Long Beach Blvd | Ship Bottom | $1,395,000 |
Price Decrease | NJOC2007798 | 9-B W Bergen Ave | Harvey Cedars | $2,700,000 |
Price Increase | NJOC2007572 | 5 E Louisiana Ave | Long Beach Township | $2,495,000 |
Active Under Contract | NJOC2002456 | 1615 Central Ave #4 | Ship Bottom | $499,900 |
Active Under Contract | NJOC2007812 | 12007 Sunset Ter | Long Beach Township | $949,000 |
Active Under Contract | NJOC2007620 | 209 Jefferis Ave | Beach Haven | $1,599,000 |
Active Under Contract | NJOC2007190 | 84b Bayview | Long Beach Township | $4,995,000 |
Pending | NJOC2007898 | 102 Roosevelt #BS6 | Long Beach Township | $30,000 |
Pending | NJOC2004388 | 15 W 16th | Long Beach Township | $949,500 |
Pending | NJOC2007776 | 13 W Washington Ave | Long Beach Township | $1,100,000 |
Pending | NJOC2006254 | 105 Maryland Ave Ave | Long Beach Township | $1,100,000 |
Pending | NJOC2006038 | 105 Maryland | Long Beach Township | $1,100,000 |
Pending | NJOC2006348 | 1002 N Beach Ave | Beach Haven | $1,435,000 |
Pending | NJOC2006238 | 1002 N Beach Ave | Beach Haven | $1,435,000 |
Pending | NJOC408068 | 7913 Long Beach Blvd | Long Beach Township | $1,799,999 |
Pending | NJOC410766 | 117 Centre St | Beach Haven | $2,250,000 |
Pending | NJOC2004212 | 6 Surf Ave | Long Beach Township | $2,350,000 |
Pending | NJOC2007824 | 5 S Ocean Ave | Surf City | $2,595,000 |
Pending | NJOC2004546 | 19 E 38th St E | Long Beach Township | $2,749,000 |
Pending | NJOC2005240 | 123 E Muriel Ave | Long Beach Township | $2,999,000 |
Closed | NJOC2002622 | 20 Amber St #E6 | Beach Haven | $425,000 |
Closed | NJOC2007868 | 101 W 9th St #108 | Ship Bottom | $725,000 |
Closed | NJOC2000005 | 111 E 26th St | Ship Bottom | $800,000 |
Closed | NJOC2006118 | 420 8th St #N3 | Beach Haven | $977,000 |
Closed | NJOC2005922 | 130 Pennsylvania | Long Beach Township | $1,100,000 |
Closed | NJOC2006274 | 1313 S Bay Ave | Beach Haven | $1,250,000 |
Closed | NJOC2005738 | 50 Albright | Long Beach Township | $1,400,000 |
Closed | NJOC2004234 | 8 E 77th St | Harvey Cedars | $1,850,000 |
Closed | NJOC2005152 | 10 Butler Rd | Long Beach Township | $1,875,000 |
Closed | NJOC2005834 | 12 W 18th | Long Beach Township | $2,150,000 |
Closed | NJOC2004296 | 84 W California | Long Beach Township | $2,550,000 |
Temporary Off Market | NJOC2001856 | 101 E Connecticut Ave | Long Beach Township | $2,395,000 |
Withdrawn | NJOC2007810 | 13 W Washington Ave | Long Beach Township | $1,100,000 |
Canceled | NJOC2003694 | 1917 W Bay Ter | Ship Bottom | $1,299,000 |
Canceled | NJOC2006070 | 425 Amber St | Beach Haven | $1,299,000 |
Canceled | NJOC2005236 | 17 E 14th St | Barnegat Light | $1,499,000 |
Canceled | NJOC2004302 | 84 W California | Long Beach Township | $3,000,000 |
Expired | NJOC2001730 | 1096-B Long Beach Blvd | Long Beach Township | $1,600,000 |
Expired | NJOC2001726 | 1096-B Long Beach Blvd | Long Beach Township | $1,600,000 |
Expired | NJOC2001516 | 2500 Atlantic | Long Beach Township | $1,899,000 |
LBI New Jersey Real Estate Sales Analysis
Once again there were more pending sales than active listings in the market this week. There were a higher than normal number of price reductions, and 2 deals fell apart thus adding to the current inventory levels. There are 117 active listings in the MLS this week, 84 of which are single-family homes, and 124pending 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 02/27/2022-03/06/2022 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
