LBI Real Estate Weekly Sales Update 06/18/2023-06/25/2023
- High Tides Digital Marketing
- Jun 26, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 06/18/2023-06/25/2023
LBI Real Estate Weekly Sales Update 06/18/2023-06/25/2023: It was a busy week for pending sales in the Long Beach Island real estate market and 08008 zip code. Pending sales outpaced new listings, further reducing the already low inventory levels we see on LBI. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
18 new listings entered the market with an average price of $1,410,494
22 listings went under contract with an average listing price of about $1,975,909
4 properties sold on Long Beach Island with an average price of $2,401,450
8 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 06/18/2023-06/25/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
Coming Soon | NJOC2019206 | 900 N Beach Ave #24 | Beach Haven | LBI | $649,000 |
Coming Soon | NJOC2019348 | 4 E 19th | Long Beach Township | LBI | $1,499,000 |
New Active | NJOC2019296 | 605 Broadway #(RESIDENCE) | Barnegat Light | LBI | $3,000 |
New Active | NJOC2019362 | 6105-Unit 1 Long Beach Blvd | Long Beach Township | LBI | $499,000 |
New Active | NJOC2019218 | 340 Kentford Ave #UNIT 2 | Beach Haven | LBI | $775,000 |
New Active | NJOC2019250 | 364 W 7th St | Ship Bottom | LBI | $849,000 |
New Active | NJOC2019294 | 5704 Long Beach | Long Beach Township | LBI | $899,900 |
New Active | NJOC2019366 | 10001 Highland Ave #A | Long Beach Township | LBI | $1,175,000 |
New Active | NJOC2019320 | 323 Centre St | Beach Haven | LBI | $1,250,000 |
New Active | NJOC2019364 | 5104 West | Long Beach Township | LBI | $1,399,000 |
New Active | NJOC2019346 | 113 W Indiana | Long Beach Township | LBI | $1,495,000 |
New Active | NJOC2019238 | 2905 Long Beach | Long Beach Township | LBI | $1,749,000 |
New Active | NJOC2019258 | 104 E Macevoy | Long Beach Township | LBI | $1,849,000 |
New Active | NJOC2019150 | 129 32nd | Long Beach Township | LBI | $1,999,000 |
New Active | NJOC2019278 | 7 S Central Ave | Surf City | LBI | $2,200,000 |
New Active | NJOC2019174 | 17 W 4th St | Barnegat Light | LBI | $2,250,000 |
New Active | NJOC2019380 | 2-A Long Beach Blvd | Long Beach Township | LBI | $2,350,000 |
New Active | NJOC2019308 | 1610 Bayview Ave | Barnegat Light | LBI | $2,499,000 |
Price Decrease | NJOC2018360 | 100 N. West Ave Ave #6 | Beach Haven | LBI | $145,000 |
Price Decrease | NJOC2018814 | 12900 Long Beach | Long Beach Township | LBI | $550,000 |
Price Decrease | NJOC2016884 | 13 W 79th St | Harvey Cedars | LBI | $1,200,000 |
Price Decrease | NJOC2018482 | 5300 West Ave | Long Beach Township | LBI | $1,399,000 |
Price Decrease | NJOC2018560 | 381 W 11th St | Ship Bottom | LBI | $1,699,000 |
Price Decrease | NJOC2018312 | 1104-I Long Beach | Long Beach Township | LBI | $2,249,000 |
Price Decrease | NJOC2018106 | 10101 Beach Ave | Long Beach Township | LBI | $2,575,000 |
Price Decrease | NJOC2017326 | 67-D Long Beach Blvd | Long Beach Township | LBI | $7,950,000 |
Active Under Contract | NJOC2016448 | 1013 N Central Ave | Surf City | LBI | $879,000 |
Active Under Contract | NJOC2018670 | 218 Coral St #1 | Beach Haven | LBI | $985,000 |
Active Under Contract | NJOC2014668 | 11902 Long Beach | Long Beach Township | LBI | $1,299,000 |
Active Under Contract | NJOC2015364 | 10 W Joan Rd | Long Beach Township | LBI | $1,499,000 |
Active Under Contract | NJOC2018968 | 1050-B Long Beach Blvd | Long Beach Township | LBI | $1,899,000 |
Active Under Contract | NJOC2018256 | 101 N 1st St | Surf City | LBI | $1,999,999 |
Active Under Contract | NJOC2011244 | 48 A Long Beach Blvd | Long Beach Township | LBI | $2,050,000 |
Active Under Contract | NJOC2015940 | 33 W 87th | Long Beach Township | LBI | $2,100,000 |
Active Under Contract | NJOC2011466 | 5 E 79th St | Harvey Cedars | LBI | $2,895,000 |
Pending | NJOC2017330 | 6412 Long Beach Blvd #B | Long Beach Township | LBI | $875,000 |
Pending | NJOC2018372 | 510 N Bay Ave #309 | Beach Haven | LBI | $999,000 |
Pending | NJOC2018262 | 7403 Long Beach Blvd | Harvey Cedars | LBI | $1,100,000 |
Pending | NJOC2018318 | 318 Centre St | Beach Haven | LBI | $1,250,000 |
Pending | NJOC2016778 | 1032-A Long Beach Blvd | Long Beach Township | LBI | $1,350,000 |
Pending | NJOC2018514 | 55 W Holly Dr | Long Beach Township | LBI | $1,650,000 |
Pending | NJOC2017102 | 1090 – E Long Beach Blvd | Long Beach Township | LBI | $2,099,000 |
Pending | NJOC2017890 | 124 E 12th St | Ship Bottom | LBI | $2,395,000 |
Pending | NJOC2008242 | 1604 Bayview Ave | Barnegat Light | LBI | $2,499,000 |
Pending | NJOC2018440 | 124 W Harmony Ave | Long Beach Township | LBI | $2,499,000 |
Pending | NJOC2015058 | 1602 Bayview Ave | Barnegat Light | LBI | $2,499,000 |
Pending | NJOC2018782 | 3911 Ocean | Long Beach Township | LBI | $3,250,000 |
Pending | NJOC2018880 | 1303 N Ocean Ave | Surf City | LBI | $5,399,000 |
Closed | NJOC2018452 | 21 W Maryland Ave | Long Beach Township | LBI | $925,000 |
Closed | NJOC2017358 | 228 W 6th St | Ship Bottom | LBI | $999,999 |
Closed | NJOC2013478 | 22 E 10th St | Barnegat Light | LBI | $2,480,799 |
Closed | NJOC2018208 | 12213 Ocean Ave | Long Beach Township | LBI | $5,200,000 |
Temporary Off Market | NJOC2018660 | 5 E Dayton | Long Beach Township | LBI | $1,695,000 |
Temporary Off Market | NJOC2019034 | 3705 S Long Beach Blvd | Long Beach Township | LBI | $4,850,000 |
Canceled | NJOC2018972 | 25 E 6th St | Beach Haven | LBI | $1,499,000 |
LBI New Jersey Real Estate Sales Analysis
There is little doubt that the lack of homes for sale on Long Beach Island is keeping prices higher. In spite of increases in interest rates, as predicted, prices have risen as demand remains strong. Now, we see one of the lowest levels of home for sale in the LBI reale estate market, so it is likely that prices will continue to rise. There are 1156 active listings in the MLS this week and 60 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 06/18/2023-06/25/2023 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
