LBI Real Estate Weekly Sales Update 05/01/2022-05/08/2022

May 8, 2022
4 min read

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 05/01/2022-05/08/2022

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 05/01/2022-05/08/2022: Happy Mother's Day to all the wonderful moms out there! For the second week in a row, there were about 60 changes to the real estate market on Long Beach Island. This is a noticeable uptick from the roughly 30-40 changes we have been seeing in the past several months. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

17 new listings entered the market with an average price of $1,935,353
22 listings went under contract with an average listing price of about $1,637,750
11 properties sold on Long Beach Island with an average price of $1,543,909
5 listings saw price reductions in the LBI real estate market

LBI Real Estate Weekly Sales Update 05/01/2022-05/08/2022

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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	Area	Current Price – Decimal
Coming Soon	NJOC2009582	101 N 1st Street	Surf City	LBI	$2,399,000
Coming Soon	NJOC2009684	5 E 85th St	Harvey Cedars	LBI	$3,195,000
Coming Soon	NJOC2009658	204 21st	Long Beach Township	LBI	$4,299,000
New Active	NJOC2009734	102 W Roosevelt Ave. Roosevelt #BOAT SLIP #29	Long Beach Township	LBI	$44,000
New Active	NJOC2009514	369 W 8th St #4	Ship Bottom	LBI	$925,000
New Active	NJOC2009580	242 N 8th St	Surf City	LBI	$950,000
New Active	NJOC2009706	1815 Bay Ter	Ship Bottom	LBI	$999,000
New Active	NJOC2009646	1608 Bayview Ave	Barnegat Light	LBI	$1,099,000
New Active	NJOC2009616	6 W 5th St	Barnegat Light	LBI	$1,124,000
New Active	NJOC2009588	1110 S Beach Ave	Beach Haven	LBI	$1,399,000
New Active	NJOC2009436	29 Bayberry	Long Beach Township	LBI	$1,450,000
New Active	NJOC2009332	217 N Long Beach Blvd	Surf City	LBI	$1,699,000
New Active	NJOC2009550	4 Magnolia Ave	Long Beach Township	LBI	$2,250,000
New Active	NJOC2008848	8204 Bay Ter	Harvey Cedars	LBI	$2,475,000
New Active	NJOC2009692	134 E 10 Th St	Beach Haven	LBI	$2,495,000
New Active	NJOC2009584	2400 N Long Beach Blvd	Surf City	LBI	$2,599,000
New Active	NJOC2009670	1035-A Long Beach	Long Beach Township	LBI	$3,499,999
Price Decrease	NJOC2008340	605 Broadway	Barnegat Light	LBI	$1,649,000
Price Decrease	NJOC2002952	3205 Ocean Blvd	Long Beach Township	LBI	$2,275,000
Price Decrease	NJOC2002956	3205 Ocean	Long Beach Township	LBI	$2,279,000
Price Decrease	NJOC2008104	5614 Holly Ave	Harvey Cedars	LBI	$2,999,000
Price Decrease	NJOC2002128	57-B Long Beach #B	Long Beach Township	LBI	$7,695,000
Price Increase	NJOC2003864	131-C Long Beach Blvd	Long Beach Township	LBI	$7,799,000
Active Under Contract	NJOC2009312	102 Roosevelt ##21	Long Beach Township	LBI	$32,500
Active Under Contract	NJOC2009352	102 W Roosevelt Unit 30 Ave	Long Beach Township	LBI	$42,000
Active Under Contract	NJOC2009326	46 W Ohio Ave	Long Beach Township	LBI	$1,150,000
Active Under Contract	NJOC2009404	23 E Seabreeze	Long Beach Township	LBI	$1,185,000
Active Under Contract	NJOC2009628	101 Osborn	Long Beach Township	LBI	$1,249,999
Active Under Contract	NJOC2009662	2514 Central Ave	Ship Bottom	LBI	$1,899,000
Active Under Contract	NJOC2005540	4 E Arts Ln	Long Beach Township	LBI	$5,495,000
Pending	NJOC2008938	1108 Long Beach Blvd	Ship Bottom	LBI	$895,000
Pending	NJOC2009430	363 W 6th St	Ship Bottom	LBI	$925,000
Pending	NJOC2008000	1307 Long Beach Blvd	Long Beach Township	LBI	$999,000
Pending	NJOC2009392	418 Amber St	Beach Haven	LBI	$1,299,000
Pending	NJOC2009386	418 Amber St	Beach Haven	LBI	$1,299,000
Pending	NJOC2008926	102 E South 34th Street	Long Beach Township	LBI	$1,299,000
Pending	NJOC2009314	9500 Beach	Long Beach Township	LBI	$1,395,000
Pending	NJOC2008776	242 N 11th St	Surf City	LBI	$1,425,000
Pending	NJOC2008780	2004 Central Ave	Barnegat Light	LBI	$1,700,000
Pending	NJOC2002896	1 E Surf Ave	Beach Haven	LBI	$1,795,000
Pending	NJOC2008448	15 W Oceanview Dr	Long Beach Township	LBI	$1,999,000
Pending	NJOC2005082	113 W McKinley Ave	Long Beach Township	LBI	$2,199,000
Pending	NJOC2008802	610 S Atlantic Ave	Beach Haven	LBI	$2,499,000
Pending	NJOC2007644	1925 Virginia Ave	Beach Haven	LBI	$2,500,000
Pending	NJOC410572	1093-A Long Beach Blvd	Long Beach Township	LBI	$2,749,000
Closed	NJOC403264	2508 Long Beach Blvd	Ship Bottom	LBI	$325,000
Closed	NJOC403248	2504 Long Beach Blvd #3A	Ship Bottom	LBI	$325,000
Closed	NJOC2008366	1708 Barnegat Ave	Ship Bottom	LBI	$875,000
Closed	NJOC2006744	9 W 29th St	Barnegat Light	LBI	$999,000
Closed	NJOC2002064	10 W 26th St	Barnegat Light	LBI	$1,279,000
Closed	NJOC2008060	2508 Beach	Long Beach Township	LBI	$1,375,000
Closed	NJOC409364	3 E 78th St	Harvey Cedars	LBI	$1,475,000
Closed	NJOC2007928	109 E 28th St	Long Beach Township	LBI	$1,505,000
Closed	NJOC2007584	1092-D Long Beach #D	Long Beach Township	LBI	$1,750,000
Closed	NJOC2002236	8 E. Bayberry	Long Beach Township	LBI	$2,000,000
Closed	NJOC409262	17 N Ocean Ave	Surf City	LBI	$5,075,000
Withdrawn	NJOC2004328	2400 N Long Beach Blvd	Surf City	LBI	$1,349,000
Withdrawn	NJOC2006306	1094-A Long Beach	Long Beach Township	LBI	$1,500,000
Canceled	NJOC2007926	109 E 28th St	Long Beach Township	LBI	$1,399,000
Expired	NJOC2004464	122 E 29th St	Ship Bottom	LBI	$1,799,000
Expired	NJOC2004324	7 & 9 W 29th St	Barnegat Light	LBI	$2,199,000

LBI New Jersey Real Estate Sales Analysis

As we have seen in most weeks, there were more pending sales than new listings on the market this week. It was a busy week to be sure, and that activity was spread across new listings, pending sales, closed transactions and price reduction. Overall, the recent rise in interest rates seems to have had no impact on home sales in the LBI real estate market. There are 113 active listings (the highest level we have seen in some time) in the MLS this week and 130 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 05/01/2022-05/08/2022 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

www.BuyLBI.com

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