LBI Real Estate Weekly Sales Update 05-05-2024 to 05-12-2024
- High Tides Digital Marketing
- May 12, 2024
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 05-05-2024 to 05-12-2024
LBI Real Estate Weekly Sales Update 05-05-2024 to 05-12-2024: Happy Mother's Day to all the moms today! My Mother's Day LBI real estate market update showed normal activity with 39 changes to the LBI real estate sales market, but a nice surge in new listings. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $2,076,538
7 listings went under contract with an average listing price of about $2,734,414
7 properties sold on Long Beach Island with an average price of $1,994,143
7 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 05-05-2024 to 05-12-2024
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 lowered, PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), CLOSED means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing. Note that this is for single-family homes, condos, duplexes, and commercial real estate listed by all local Long Beach Island real estate agencies, and all data is taken from the Bright MLS system.
Last Change Type | MLS # | Address | City | Area | Zip Code | Current Price |
Coming Soon | NJOC2025730 | 324 W 7th St | Ship Bottom | LBI | Zip Code 08008 | $970,000 |
New Active | NJOC2025664 | 510 N Bay Ave #104 | Beach Haven | LBI | Zip Code 08008 | $379,000 |
New Active | NJOC2025810 | 6513 Harvest Ave | Harvey Cedars | LBI | Zip Code 08008 | $599,000 |
New Active | NJOC2025714 | 214 W 20th St | Ship Bottom | LBI | Zip Code 08008 | $969,000 |
New Active | NJOC2025698 | 615 Barnegat Ave | Ship Bottom | LBI | Zip Code 08008 | $1,189,000 |
New Active | NJOC2025728 | 1220 Barnegat Ave | Ship Bottom | LBI | Zip Code 08008 | $1,600,000 |
New Active | NJOC2025558 | 2 W Paulding (62nd St) Ave | Long Beach Township | LBI | Zip Code 08008 | $1,699,000 |
New Active | NJOC2025758 | 131 W Kimberly | Long Beach Township | LBI | Zip Code 08008 | $1,999,000 |
New Active | NJOC2025582 | 114 E 25th St | Long Beach Township | LBI | Zip Code 08008 | $1,999,000 |
New Active | NJOC2025754 | 20 E 47th | Long Beach Township | LBI | Zip Code 08008 | $2,599,000 |
New Active | NJOC2025768 | 1 Thomas Ave | Harvey Cedars | LBI | Zip Code 08008 | $3,199,000 |
New Active | NJOC2025786 | 5307 S Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $3,795,000 |
New Active | NJOC2025766 | 146-E Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $5,999,000 |
Price Decrease | NJOC2022982 | 8501 Long Beach Blvd #10 | Long Beach Township | LBI | Zip Code 08008 | $385,000 |
Price Decrease | NJOC2023218 | 21 W Sail Boat Lane | Long Beach Township | LBI | Zip Code 08008 | $830,000 |
Price Decrease | NJOC2023374 | 108 E 7th St #1 | Ship Bottom | LBI | Zip Code 08008 | $1,200,000 |
Price Decrease | NJOC2025024 | 335 S 2nd Street W | Surf City | LBI | Zip Code 08008 | $1,875,000 |
Price Decrease | NJOC2024698 | 1123-C Long Beach | Long Beach Township | LBI | Zip Code 08008 | $3,750,000 |
Price Decrease | NJOC2020994 | 10 E 11th St | Beach Haven | LBI | Zip Code 08008 | $3,995,000 |
Price Decrease | NJOC2023748 | 1050-E Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $4,475,000 |
Active Under Contract | NJOC2024748 | 8 E Maryland Ave | Long Beach Township | LBI | Zip Code 08008 | $1,000,000 |
Active Under Contract | NJOC2025642 | 23 W Sailboat Ln | Long Beach Township | LBI | Zip Code 08008 | $1,199,000 |
Active Under Contract | NJOC2025658 | 28 E Ocean View Dr | Long Beach Township | LBI | Zip Code 08008 | $2,725,000 |
Pending | NJOC2022430 | 6 34th | Long Beach Township | LBI | Zip Code 08008 | $1,019,000 |
Pending | NJOC2024076 | 403 Coral St | Beach Haven | LBI | Zip Code 08008 | $1,699,000 |
Pending | NJOC2019308 | 1610 Bayview Ave | Barnegat Light | LBI | Zip Code 08008 | $2,499,000 |
Pending | NJOC2019846 | 1027-C Long Beach | Long Beach Township | LBI | Zip Code 08008 | $8,999,900 |
Closed | NJOC2019574 | 401 Broadway #21A | Barnegat Light | LBI | Zip Code 08008 | $525,000 |
Closed | NJOC2021578 | 2219 Central Ave #1 | Ship Bottom | LBI | Zip Code 08008 | $670,000 |
Closed | NJOC2023954 | 202 W 18th St | Ship Bottom | LBI | Zip Code 08008 | $1,590,000 |
Closed | NJOC2023124 | 101 E Sailboat | Long Beach Township | LBI | Zip Code 08008 | $1,600,000 |
Closed | NJOC2013634 | 301 N Beach Ave | Beach Haven | LBI | Zip Code 08008 | $2,099,000 |
Closed | NJOC2023342 | 5614 Holly Ave | Harvey Cedars | LBI | Zip Code 08008 | $2,700,000 |
Closed | NJOC2022590 | 166-E Marina Blvd | Long Beach Township | LBI | Zip Code 08008 | $4,775,000 |
Temporary Off Market | NJOC2025470 | 206 E 20th Bch | Beach Haven | LBI | Zip Code 08008 | $4,295,000 |
Withdrawn | NJOC2025406 | 1220 Barnegat Ave | Ship Bottom | LBI | Zip Code 08008 | $1,795,000 |
Canceled | NJOC2024122 | 7701 Long Beach Blvd | Harvey Cedars | LBI | Zip Code 08008 | $1,385,000 |
Canceled | NJOC2025506 | 102 W 20th St | Ship Bottom | LBI | Zip Code 08008 | $1,650,000 |
Expired | NJOC2022380 | 1104-F Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $1,990,000 |
LBI New Jersey Real Estate Sales Analysis
There were over twice as many new listings as there were pending sales this week, but that is not a surprise! The inventory of available homes for sale on Long Beach Island dropped to under 100 last week, and when that happens, we have seen pending sale activity slow down and new listings pick up. If the trend we have seen over the past 18 months or so holds true, we will see an increase in new listings over the next 2-3 weeks followed by a surge in pending sales until inventory drops back to about 100. We will see! There are 113 active listings in the MLS this week and 48pending 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 05-05-2024 to 05-12-2024, 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
