LBI Real Estate Weekly Sales Update 06/05/2022-06/12/2022
- High Tides Digital Marketing
- 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
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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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
