LBI Real Estate Weekly Sales Update 06/05/2022-06/12/2022

Jun 12, 2022
4 min read

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 09/05/2021-09/12/2021

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 06/05/2022-06/12/2022: While there were only 56 changes to the LBI real estate sales market this week, conditions once again showed some improvement for buyers. Inventory increased (slightly), and that seems to be the current trend! You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $2,106,929
14 listings went under contract with an average listing price of about $1,804,200
10 properties sold on Long Beach Island with an average price of $1,768,738
9 listings saw price reductions in the LBI real estate market

LBI Real Estate Weekly Sales Update 06/05/2022-06/12/2022

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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	NJOC2010794	7805 Bayview	Long Beach Township	LBI	$975,000
Coming Soon	NJOC2010642	3901 Ocean	Long Beach Township	LBI	$2,700,000
New Active	NJOC2010762	12900 Long Beach Blvd	Beach Haven	LBI	$0.00
New Active	NJOC2010804	7 Utah	Long Beach Township	LBI	$999,999
New Active	NJOC2010744	121 W Selfridge	Long Beach Township	LBI	$1,150,000
New Active	NJOC2010758	215 W 23rd St	Ship Bottom	LBI	$1,225,000
New Active	NJOC2010578	40 Auburn	Long Beach Township	LBI	$1,249,900
New Active	NJOC2010796	14 E Maryland	Long Beach Township	LBI	$1,399,000
New Active	NJOC2010674	405 Barnegat Ave	Ship Bottom	LBI	$1,425,000
New Active	NJOC2010816	1034-B Long Beach Blvd	Long Beach Township	LBI	$1,859,000
New Active	NJOC2010720	23 E 38th #UNIT A	Beach Haven	LBI	$2,195,000
New Active	NJOC2010554	8003 Bay Terrace	Harvey Cedars	LBI	$2,395,000
New Active	NJOC2010594	4 Kimberly Ave W	Long Beach Township	LBI	$2,749,900
New Active	NJOC2010438	1074-H Long Beach Blvd	Long Beach Township	LBI	$2,995,000
New Active	NJOC2010612	17 Delaware Ave	Long Beach Township	LBI	$3,200,000
New Active	NJOC2010682	22 S 1st St	Surf City	LBI	$3,950,000
New Active	NJOC2010598	2803 Long Beach Boulevard S	Beach Haven	LBI	$5,350,000
Price Decrease	NJOC2009724	137 E Maryland Avenue #2	Long Beach Township	LBI	$434,999
Price Decrease	NJOC2009616	6 W 5th St	Barnegat Light	LBI	$998,000
Price Decrease	NJOC2008282	2 Cottage	Long Beach Township	LBI	$1,500,000
Price Decrease	NJOC2009758	1013-A Long Beach	Long Beach Township	LBI	$1,899,000
Price Decrease	NJOC2008306	7 S Central Ave	Surf City	LBI	$2,200,000
Price Decrease	NJOC2008196	144-B Long Beach	Long Beach Township	LBI	$2,349,000
Price Decrease	NJOC2009898	42c Long Beach Blvd	Long Beach Township	LBI	$2,499,000
Price Decrease	NJOC2009684	5 E 85th St	Harvey Cedars	LBI	$2,999,000
Price Decrease	NJOC2010266	166-G Marina #G	Long Beach Township	LBI	$4,495,000
Active Under Contract	NJOC2010192	10315 Beach Ave	Long Beach Township	LBI	$1,699,000
Active Under Contract	NJOC2003826	26 W Old Whaling	Long Beach Township	LBI	$1,900,000
Active Under Contract	NJOC2010766	5108 Long Beach Blvd	Long Beach Township	LBI	$2,595,000
Active Under Contract	NJOC2010574	6 N 23rd St	Surf City	LBI	$3,999,000
Pending	NJOC2010002	321 W 14th St Unit #B	Ship Bottom	LBI	$674,900
Pending	NJOC2009706	1815 Bay Ter	Ship Bottom	LBI	$999,000
Pending	NJOC2007732	224 5th St	Beach Haven	LBI	$1,149,000
Pending	NJOC2009326	46 W Ohio Ave	Long Beach Township	LBI	$1,150,000
Pending	NJOC2006920	3903 Long Beach Blvd	Long Beach Township	LBI	$1,250,000
Pending	NJOC2010394	8004 – C Anchor Ln	Harvey Cedars	LBI	$1,299,000
Pending	NJOC2009294	9213 Beach	Long Beach Township	LBI	$1,449,900
Pending	NJOC2008848	8204 Bay Ter	Harvey Cedars	LBI	$1,995,000
Pending	NJOC2005986	1402 Bayview Ave	Barnegat Light	LBI	$2,449,000
Pending	NJOC2010182	116 E Indiana Ave	Long Beach Township	LBI	$2,650,000
Closed	NJOC2009312	102 Roosevelt ##21	Long Beach Township	LBI	$32,500
Closed	NJOC2005454	1308 Central Ave	Ship Bottom	LBI	$899,000
Closed	NJOC2006656	115 9th St	Beach Haven	LBI	$1,700,000
Closed	NJOC2008516	6003 Long Beach Blvd	Harvey Cedars	LBI	$1,750,000
Closed	NJOC2004800	228 Stratford Ave	Beach Haven	LBI	$1,830,000
Closed	NJOC2009164	102 E 20th St	Long Beach Township	LBI	$2,005,000
Closed	NJOC2007598	107 Massachusetts	Long Beach Township	LBI	$2,150,000
Closed	NJOC2006134	8 E 81st St	Harvey Cedars	LBI	$2,270,881
Closed	NJOC2008836	33-W New York Ave	Long Beach Township	LBI	$2,300,000
Closed	NJOC2002386	27 W Ohio	Beach Haven	LBI	$2,950,000
Withdrawn	NJOC2004412	5308-G Long Beach Blvd	Harvey Cedars	LBI	$2,999,999
Canceled	NJOC2008456	605 Broadway	Barnegat Light	LBI	$1,649,000
Canceled	NJOC2008340	605 Broadway	Barnegat Light	LBI	$1,649,000
Canceled	NJOC2009146	610 N Beach Ave	Beach Haven	LBI	$1,999,000
Expired	NJOC2008108	310 S West Ave #D-1	Beach Haven	LBI	$850,000
Expired	NJOC2004328	2400 N Long Beach Blvd	Surf City	LBI	$1,349,000

LBI New Jersey Real Estate Sales Analysis

Undoubtedly, buyers' conditions in the LBI real estate market have improved. This is not to say the market is crashing, but rather we are seeing a more "normal" marketing with some better balance between new inventory and pending sales. Currently, there are 148 active listings in the MLS this week and 119 pending sales. This is almost twice as many homes for sale as there were a few weeks ago, but still well under the number of homes needed for a balanced market. 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 06/05/2022-06/12/2022 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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