LBI Real Estate Weekly Sales Update 05/01/2022-05/08/2022
- High Tides Digital Marketing
- 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
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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | 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
