LBI Real Estate Weekly Sales Update 04/30/2023-05/07/2023
- High Tides Digital Marketing
- May 7, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 04/30/2023-05/07/2023
LBI Real Estate Weekly Sales Update 04/30/2023-05/07/2023: There were 41 changes to the Long Beach Island real estate market this week, making it a rather busy week on LBI. The activity was once again balanced between new listings and pending sales. 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 on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $3,302,646
10 listings went under contract with an average listing price of about $1,524,600
3 properties sold on Long Beach Island with an average price of $1,605,000
6 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 04/30/2023-05/07/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
Coming Soon | NJOC2018306 | 1817 N Ocean Ave | Surf City | $4,299,000 |
New Active | NJOC2018266 | 7403 Long Beach Blvd | Harvey Cedars | $1,100,000 |
New Active | NJOC2018114 | 1001 Ocean Ave #1003 | Ship Bottom | $1,125,000 |
New Active | NJOC2018028 | 2 E 69th St | Harvey Cedars | $1,750,000 |
New Active | NJOC2018256 | 101 1st St N | Surf City | $2,049,000 |
New Active | NJOC2017112 | 317 N 13th St | Surf City | $2,049,900 |
New Active | NJOC2018154 | 1016-C Long Beach | Long Beach Township | $2,225,000 |
New Active | NJOC2017886 | 14 W 3rd St | Barnegat Light | $2,475,000 |
New Active | NJOC2017956 | 12-A E Essex Ave | Harvey Cedars | $2,995,000 |
New Active | NJOC2018170 | 14 W 74th St | Harvey Cedars | $2,997,500 |
New Active | NJOC2015126 | 132-D Long Beach Boulevard | Long Beach Township | $4,395,000 |
New Active | NJOC2018208 | 12213 Ocean Ave | Long Beach Township | $5,499,000 |
New Active | NJOC2018290 | 19-B Long Beach Blvd | Long Beach Township | $9,975,000 |
Price Decrease | NJOC2018084 | 310 S West Ave #D-1 | Beach Haven | $799,900 |
Price Decrease | NJOC2015726 | 5300 West Ave | Long Beach Township | $1,550,000 |
Price Decrease | NJOC2016096 | 1078-F Long Beach Blvd | Long Beach Township | $1,595,000 |
Price Decrease | NJOC2016054 | 1096-C Long Beach | Long Beach Township | $1,698,000 |
Price Decrease | NJOC2016652 | 210 E 23rd St | Long Beach Township | $2,620,000 |
Price Decrease | NJOC2017480 | 59 Holly Dr | Long Beach Township | $2,995,000 |
Active Under Contract | NJOC2016562 | 324 N 2nd St | Surf City | $1,299,000 |
Active Under Contract | NJOC2016778 | 1032-A Long Beach Blvd | Long Beach Township | $1,350,000 |
Active Under Contract | NJOC2017944 | 1609 W West Ave | Beach Haven | $1,395,000 |
Active Under Contract | NJOC2017950 | 13 S Central Ave | Surf City | $1,549,000 |
Active Under Contract | NJOC2016876 | 33 Hideaway Drive | Long Beach Township | $1,979,000 |
Pending | NJOC2017758 | 514 Engleside Ave #A | Beach Haven | $530,000 |
Pending | NJOC2017378 | 601 N Delaware Ave #13 | Beach Haven | $750,000 |
Pending | NJOC2012226 | 1 Cox Ave | Harvey Cedars | $1,100,000 |
Pending | NJOC2013478 | 22 E 10th St | Barnegat Light | $2,499,000 |
Pending | NJOC2015932 | 1 E 69th St | Harvey Cedars | $2,795,000 |
Closed | NJOC2015640 | 405 Central Ave | Ship Bottom | $790,000 |
Closed | NJOC2016770 | 127 E 18th St | Ship Bottom | $1,875,000 |
Closed | NJOC2013568 | 146-C Long Beach | Long Beach Township | $2,150,000 |
Temporary Off Market | NJOC2015738 | 6107 Ocean Blvd | Long Beach Township | $2,595,000 |
Temporary Off Market | NJOC2016326 | 6109 Ocean Blvd | Long Beach Township | $2,670,000 |
Withdrawn | NJOC2017870 | 10 Cox Ave | Harvey Cedars | $1,349,000 |
Withdrawn | NJOC2015800 | 101 N 1st Street | Surf City | $2,199,000 |
Expired | NJOC2013686 | 111 E Dune Ln | Long Beach Township | $6,000 |
Expired | NJOC2015832 | 25 Colorado | Long Beach Township | $1,199,999 |
Expired | NJOC2013396 | 14 W 74th St | Harvey Cedars | $2,997,500 |
Expired | NJOC2015786 | 12213 Ocean Ave | Long Beach Township | $5,499,000 |
Expired | NJOC2008500 | 2 W Cleveland | Long Beach Township | $6,499,000 |
LBI New Jersey Real Estate Sales Analysis
The LBI real estate market showed strong activity this week. The average price of a new listing was over $3,000,000, but that number is somewhat inflated by 3 new listings over $4,000,000 (one of which was nearly $10,000,000)! There were 10 pending sales, which means that more than 1 house a day is selling on LBI. This is good activity in the low inventory environment we are still dealing with, and shows that buyer confidence remains high in the Long Beach Island NJ real estate market. There are 127 active listings in the MLS this week and 56 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 04/30/2023-05/07/2023 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
