LBI Real Estate Weekly Sales Update 04-28-2024 to 05-05-2024
- High Tides Digital Marketing
- May 5, 2024
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 04-28-2024 to 05-05-2024
LBI Real Estate Weekly Sales Update 04-28-2024 to 05-05-2024: Happy Cinco de Mayo! The first week of May showed strong activity in the LBI real estate market, with 50 changes to the MLS. Pending sales outpaced new listings this week, a sure sign that buyers are very active in the Long Beach Island real estate market. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
13 new listings entered the market with an average price of $2,093,069
17 listings went under contract with an average listing price of about $2,232,876
9 properties sold on Long Beach Island with an average price of $2,365,400
6 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 04-28-2024 to 05-05-2024
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Zip Code | Current Price |
Coming Soon | NJOC2025582 | 114 E 25th St | Long Beach Township | LBI | Zip Code 08008 | $1,999,000 |
New Active | NJOC2025392 | 110 E 23rd Street #8 | Ship Bottom | LBI | Zip Code 08008 | $875,000 |
New Active | NJOC2025632 | 7601 Long Beach Blvd | Harvey Cedars | LBI | Zip Code 08008 | $1,149,000 |
New Active | NJOC2025538 | 717 N Central Ave | Surf City | LBI | Zip Code 08008 | $1,250,000 |
New Active | NJOC2025508 | 43 N 9th St | Surf City | LBI | Zip Code 08008 | $1,499,000 |
New Active | NJOC2025506 | 102 W 20th St | Ship Bottom | LBI | Zip Code 08008 | $1,650,000 |
New Active | NJOC2025592 | 4300-C Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $1,995,000 |
New Active | NJOC2025512 | 908 Bayview Ave | Barnegat Light | LBI | Zip Code 08008 | $1,999,999 |
New Active | NJOC2025432 | 315 Fairview Ave | Beach Haven | LBI | Zip Code 08008 | $2,149,000 |
New Active | NJOC2025300 | 25 W Roosevelt Ave | Long Beach Township | LBI | Zip Code 08008 | $2,349,000 |
New Active | NJOC2025534 | 27 E 46th | Long Beach Township | LBI | Zip Code 08008 | $2,749,900 |
New Active | NJOC2025380 | 119 E South Carolina | Long Beach Township | LBI | Zip Code 08008 | $3,250,000 |
New Active | NJOC2025470 | 206 E 20th Bch | Beach Haven | LBI | Zip Code 08008 | $4,295,000 |
Price Decrease | NJOC2023196 | 242 W 15th St #1 | Ship Bottom | LBI | Zip Code 08008 | $658,000 |
Price Decrease | NJOC2023214 | 242 W 15th #2 | Ship Bottom | LBI | Zip Code 08008 | $688,000 |
Price Decrease | NJOC2024882 | 242 W 15th St | Ship Bottom | LBI | Zip Code 08008 | $1,333,900 |
Price Decrease | NJOC2023818 | 46 Sunset Blvd | Long Beach Township | LBI | Zip Code 08008 | $1,679,000 |
Price Decrease | NJOC2024620 | 2704 Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $2,445,000 |
Price Decrease | NJOC2024682 | 14 E 78th St | Harvey Cedars | LBI | Zip Code 08008 | $4,499,000 |
Active Under Contract | NJOC2023936 | 1104-I Long Beach | Long Beach Township | LBI | Zip Code 08008 | $1,879,000 |
Active Under Contract | NJOC2025004 | 10 E 47th St | Long Beach Township | LBI | Zip Code 08008 | $1,899,900 |
Pending | NJOC2022850 | 2300 Long Beach Blvd #7 | Ship Bottom | LBI | Zip Code 08008 | $799,000 |
Pending | NJOC2022994 | 12010 Long Beach Blvd. | Long Beach Township | LBI | Zip Code 08008 | $979,000 |
Pending | NJOC2024108 | 35-A W Maryland Ave | Long Beach Township | LBI | Zip Code 08008 | $1,050,000 |
Pending | NJOC2024596 | 13209 N Beach | Long Beach Township | LBI | Zip Code 08008 | $1,199,000 |
Pending | NJOC2023772 | 12 W Harding Ave #WEST | Long Beach Township | LBI | Zip Code 08008 | $1,249,000 |
Pending | NJOC2024590 | 9 W Hollybanks Ln | Long Beach Township | LBI | Zip Code 08008 | $1,459,000 |
Pending | NJOC2023954 | 202 W 18th St | Ship Bottom | LBI | Zip Code 08008 | $1,689,000 |
Pending | NJOC2023574 | 118 E 12th St | Ship Bottom | LBI | Zip Code 08008 | $1,699,000 |
Pending | NJOC2023104 | 5 W Coughlan | Long Beach Township | LBI | Zip Code 08008 | $2,199,000 |
Pending | NJOC2023306 | 105 N Central Ave | Surf City | LBI | Zip Code 08008 | $2,495,000 |
Pending | NJOC2023342 | 5614 Holly Ave | Harvey Cedars | LBI | Zip Code 08008 | $2,799,000 |
Pending | NJOC2025140 | 1615 N Ocean Ave | Surf City | LBI | Zip Code 08008 | $3,170,000 |
Pending | NJOC2023526 | 168-F W Long Beach Boulevard | Long Beach Township | LBI | Zip Code 08008 | $3,299,000 |
Pending | NJOC2023682 | 1046 A Long Beach Blvd. | Long Beach Township | LBI | Zip Code 08008 | $4,100,000 |
Pending | NJOC2021236 | 131-C Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $5,995,000 |
Closed | NJOC2024134 | 2 W Connecticut Ave | Long Beach Township | LBI | Zip Code 08008 | $1,085,000 |
Closed | NJOC2024802 | 237 N 20th St | Surf City | LBI | Zip Code 08008 | $1,201,000 |
Closed | NJOC2023048 | 5300 West Ave | Long Beach Township | LBI | Zip Code 08008 | $1,400,000 |
Closed | NJOC2024534 | 8005 Bay Ter | Harvey Cedars | LBI | Zip Code 08008 | $1,875,000 |
Closed | NJOC2024842 | 24 E 21st St | Long Beach Township | LBI | Zip Code 08008 | $1,999,000 |
Closed | NJOC2023746 | 133 Norwood Ave | Beach Haven | LBI | Zip Code 08008 | $2,157,600 |
Closed | NJOC2024004 | 128 W Jeanette | Long Beach Township | LBI | Zip Code 08008 | $2,496,000 |
Closed | NJOC2017596 | 72 Auburn | Long Beach Township | LBI | Zip Code 08008 | $4,225,000 |
Closed | NJOC2021256 | 1010-G Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $4,850,000 |
Withdrawn | NJOC2024696 | 13209 N Beach | Long Beach Township | LBI | Zip Code 08008 | $1,199,000 |
Expired | NJOC2020970 | 1600 N Long Beach Blvd | Surf City | LBI | Zip Code 08008 | $1,299,000 |
Expired | NJOC2023184 | 356 W 14th St | Ship Bottom | LBI | Zip Code 08008 | $1,599,999 |
Expired | NJOC2023190 | 4300-C Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $1,995,000 |
Expired | NJOC2015126 | 132-D Long Beach Boulevard | Long Beach Township | LBI | Zip Code 08008 | $4,395,000 |
LBI New Jersey Real Estate Sales Analysis
There are some interesting conclusions to draw from the data this week. May is always a pivotal month in the LBI real estate market since summer "officially" starts this month. Many buyers target Memorial Weekend as a time to be in their homes, and this week's data points to that being the case. There were nearly 20 pending sales this week alone, which is a high amount of activity given that there are only around 100 homes for sale on Long Beach Island! Clearly, buyers are active and willing to buy the right home at the right price. Sellers should be aware of this and consider that if their home has been sitting on the market for more than 2-3 months (the current average days on the market), they may want to consider adjusting their marketing strategy, price, or both. There is no reason a house should not be selling in this market! This week, the MLS has 107 active listings and 47 pending sales. Please do not hesitate to contact me for more information about buying, selling, or investing in the Long Beach Island real estate market or about the LBI NJ Real Estate Weekly Sales Update 04-28-2024 to 05-05-2024.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
