LBI Real Estate Weekly Sales Update 03-03-2024 to 03-10-2024
- High Tides Digital Marketing
- Mar 10, 2024
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 03-03-2024 to 03-10-2024
LBI Real Estate Weekly Sales Update 03-03-2024 to 03-10-2024: It was a rather quiet week this week with only 28 changes to the Long Beach Island NJ real estate sales market. Activity was evenly spread out, but all categories were slow. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $2,790,143
6 listings went under contract with an average listing price of about $2,734,667
6 properties sold on Long Beach Island with an average price of $2,183,333
3 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 03-03-2024 to 03-10-2024
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 # | Status | Address | City | Area | zip Code | Current Price |
Coming Soon | NJOC2024294 | C/S | 2601 S Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $5,695,000 |
New Active | NJOC2024208 | ACT | 216 S Bay Ave | Beach Haven | LBI | Zip Code 08008 | $1,089,000 |
New Active | NJOC2024390 | ACT | 2502 Central Ave | Barnegat Light | LBI | Zip Code 08008 | $1,499,000 |
New Active | NJOC2024354 | ACT | 209 W 17th St | Ship Bottom | LBI | Zip Code 08008 | $1,500,000 |
New Active | NJOC2023574 | ACT | 118 E 12th St | Ship Bottom | LBI | Zip Code 08008 | $1,699,000 |
New Active | NJOC2023028 | ACT | 142 Newport | Long Beach Township | LBI | Zip Code 08008 | $3,750,000 |
New Active | NJOC2024418 | ACT | 214 15th | Long Beach Township | LBI | Zip Code 08008 | $4,299,000 |
Back to Active | NJOC2019008 | ACT | 243 W 11th St | Ship Bottom | LBI | Zip Code 08008 | $950,000 |
Back to Active | NJOC2020486 | ACT | 411 N 3rd St | Surf City | LBI | Zip Code 08008 | $1,995,000 |
Price Decrease | NJOC2022430 | ACT | 6 34th | Long Beach Township | LBI | Zip Code 08008 | $1,045,000 |
Price Decrease | NJOC2021990 | ACT | 34-B Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $2,349,000 |
Price Decrease | NJOC2020266 | ACT | 287 W 27th St | Ship Bottom | LBI | Zip Code 08008 | $2,374,000 |
Active Under Contract | NJOC2023620 | A/C | 24 W Roosevelt Ave | Long Beach Township | LBI | Zip Code 08008 | $2,595,000 |
Active Under Contract | NJOC2024256 | A/C | 210 E 23rd St | Long Beach Township | LBI | Zip Code 08008 | $3,275,000 |
Active Under Contract | NJOC2023940 | A/C | 15 N Ocean Ave | Surf City | LBI | Zip Code 08008 | $5,790,000 |
Pending | NJOC2020342 | PND | 3 E 9th St | Barnegat Light | LBI | Zip Code 08008 | $1,399,000 |
Pending | NJOC2023048 | PND | 5300 West Ave | Long Beach Township | LBI | Zip Code 08008 | $1,510,000 |
Pending | NJOC2021422 | PND | 1013-A Long Beach | Long Beach Township | LBI | Zip Code 08008 | $1,839,000 |
Closed | NJOC2020878 | CLS | 510 N Bay Ave #202 | Beach Haven | LBI | Zip Code 08008 | $965,000 |
Closed | NJOC2021314 | CLS | 9 W Bayberry Dr | Long Beach Township | LBI | Zip Code 08008 | $999,999 |
Closed | NJOC2022176 | CLS | 11 E Macevoy Ln | Long Beach Township | LBI | Zip Code 08008 | $1,275,000 |
Closed | NJOC2022160 | CLS | 1706 N Atlantic Ave | Long Beach Township | LBI | Zip Code 08008 | $1,500,000 |
Closed | NJOC2022976 | CLS | 1801 Beach | Beach Haven | LBI | Zip Code 08008 | $1,660,000 |
Closed | NJOC2021176 | CLS | 7401 Ocean Blvd | Long Beach Township | LBI | Zip Code 08008 | $6,700,000 |
Temporary Off Market | NJOC2023476 | T/O | 4805 Long Beach Boulevard Brant Beach | Long Beach Township | LBI | Zip Code 08008 | $1,150,000 |
Withdrawn | NJOC2021284 | WTH | 50-A Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $2,895,000 |
Canceled | NJOC2020010 | CNL | 214 E 15th St | Long Beach Township | LBI | Zip Code 08008 | $4,299,000 |
Canceled | NJOC2024416 | CNL | 214 E 15th | Long Beach Township | LBI | Zip Code 08008 | $4,299,000 |
LBI New Jersey Real Estate Sales Analysis
As I mentioned above, market activity was even. There were 7 new listings, 6 pending sales, and 6 closed transactions, all of which showed an average price of between $2,100,000 and $2,700,000. When we adjust the average difference between the listing price and sales price (about 4%-5%), this week's batch of new listings and pending sales fall right in line with the average sales price on LBI. Once again, the LBI real estate market is stable. There are 107 active listings in the MLS this week and 53 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 03-03-2024 to 03-10-2024, 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
