LBI Real Estate Weekly Sales Update 07-07-2024 to 07-14-2024
- High Tides Digital Marketing
- Jul 14, 2024
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 07-07-2024 to 07-14-2024
LBI Real Estate Weekly Sales Update 07-07-2024 to 07-14-2024: It was a busy week in the Long Beach Island real estate sales market with 57 changes to the MLS. A large portion of this activity was new listings, welcomed news for buyers in the LBI real estate market! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
21 new listings entered the market with an average price of $2,207,476
8listings went under contract with an average listing price of about $2,628,375
12 properties sold on Long Beach Island with an average price of $1,757,917
7listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 07-07-2024 to 07-14-2024
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), CLOSED means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price |
Coming Soon | NJOC2027096 | 115 E Virginia Ave | Long Beach Township | LBI Real Estate Market | $3,999,000 |
New Active | NJOC2026916 | 907 N Bay Avenue, First Floor | Beach Haven | LBI Real Estate Market | $60,000 |
New Active | NJOC2027074 | 1210 Long Beach #C1 | Long Beach Township | LBI Real Estate Market | $375,000 |
New Active | NJOC2027092 | 5302 S Long Beach Blvd #3 | Long Beach Township | LBI Real Estate Market | $400,000 |
New Active | NJOC2026966 | 450 Dock Rd | Beach Haven | LBI Real Estate Market | $1,249,000 |
New Active | NJOC2027106 | 2 W 12th St | Barnegat Light | LBI Real Estate Market | $1,499,000 |
New Active | NJOC2026890 | 28 W Jacqueline | Long Beach Township | LBI Real Estate Market | $1,580,000 |
New Active | NJOC2027116 | 4002 S Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $1,749,000 |
New Active | NJOC2027062 | 1210 Long Beach #B | Long Beach Township | LBI Real Estate Market | $1,825,000 |
New Active | NJOC2027102 | 29 Antioch | Long Beach Township | LBI Real Estate Market | $2,000,000 |
New Active | NJOC2026900 | 1033-A Long Beach | Long Beach Township | LBI Real Estate Market | $2,100,000 |
New Active | NJOC2027006 | 14 W 6th St | Barnegat Light | LBI Real Estate Market | $2,150,000 |
New Active | NJOC2027042 | 1714 Bay Ter | Beach Haven | LBI Real Estate Market | $2,350,000 |
New Active | NJOC2027158 | 375 W 6th St | Ship Bottom | LBI Real Estate Market | $2,459,000 |
New Active | NJOC2027122 | 24 Beacon Drive | Long Beach Township | LBI Real Estate Market | $2,495,000 |
New Active | NJOC2027024 | 10610 Beach Ave | Long Beach Township | LBI Real Estate Market | $2,495,000 |
New Active | NJOC2027044 | 7 James St | Harvey Cedars | LBI Real Estate Market | $2,895,000 |
New Active | NJOC2027090 | 150-D Long Beach Blvd. | Long Beach Township | LBI Real Estate Market | $2,999,000 |
New Active | NJOC2027156 | 1201 Seaview Ave | Barnegat Light | LBI Real Estate Market | $3,400,000 |
New Active | NJOC2026940 | 7 W Ryerson Ln | Long Beach Township | LBI Real Estate Market | $3,579,000 |
New Active | NJOC2027110 | 2209 Seaview Ave | Barnegat Light | $4,699,000 | |
Price Decrease | NJOC2023196 | 242 W 15th St #1 | Ship Bottom | LBI Real Estate Market | $649,000 |
Price Decrease | NJOC2023214 | 242 W 15th #2 | Ship Bottom | LBI Real Estate Market | $680,000 |
Price Decrease | NJOC2026562 | 325 S 2nd St | Surf City | LBI Real Estate Market | $950,000 |
Price Decrease | NJOC2024882 | 242 W 15th St | Ship Bottom | LBI Real Estate Market | $1,299,999 |
Price Decrease | NJOC2026872 | 709 N Barnegat Ave | Surf City | LBI Real Estate Market | $2,349,000 |
Price Decrease | NJOC2026310 | 1092-B (East Unit) Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $2,395,000 |
Price Decrease | NJOC2025754 | 20 E 47th | Long Beach Township | LBI Real Estate Market | $2,499,000 |
Active Under Contract | NJOC2026896 | 21 W Old Whaling Ln | Long Beach Township | LBI Real Estate Market | $1,279,000 |
Active Under Contract | NJOC2025300 | 25 W Roosevelt Ave | Long Beach Township | LBI Real Estate Market | $2,250,000 |
Active Under Contract | NJOC2026434 | 127 E Ryerson Ln | Long Beach Township | LBI Real Estate Market | $3,300,000 |
Pending | NJOC2026842 | 20 W Joshua Ave | Long Beach Township | LBI Real Estate Market | $1,199,999 |
Pending | NJOC2026010 | 116 E 28th St | Ship Bottom | LBI Real Estate Market | $1,599,000 |
Pending | NJOC2025162 | 79 W California Ave | Long Beach Township | LBI Real Estate Market | $1,999,000 |
Pending | NJOC2023504 | 17 Delaware Ave | Long Beach Township | LBI Real Estate Market | $2,400,000 |
Pending | NJOC2026448 | 123 Wyoming | Long Beach Township | LBI Real Estate Market | $6,999,999 |
Closed | NJOC2023530 | 905 N Bay Ave | Beach Haven | $30,000 | |
Closed | NJOC2023254 | 21 W Sail Boat Lane | Long Beach Township | LBI Real Estate Market | $750,000 |
Closed | NJOC2023218 | 21 W Sail Boat Lane | Long Beach Township | LBI Real Estate Market | $750,000 |
Closed | NJOC2020066 | 1111 Central Ave | Ship Bottom | LBI Real Estate Market | $800,000 |
Closed | NJOC2025698 | 615 Barnegat Ave | Ship Bottom | LBI Real Estate Market | $1,060,000 |
Closed | NJOC2025642 | 23 W Sailboat Ln | Long Beach Township | LBI Real Estate Market | $1,250,000 |
Closed | NJOC2024500 | 122 E 20th St | Ship Bottom | LBI Real Estate Market | $1,825,000 |
Closed | NJOC2024908 | 83 W Tebco Terrace #B | Long Beach Township | LBI Real Estate Market | $2,100,000 |
Closed | NJOC2023306 | 105 N Central Ave | Surf City | LBI Real Estate Market | $2,450,000 |
Closed | NJOC2025534 | 27 E 46th | Long Beach Township | LBI Real Estate Market | $2,630,000 |
Closed | NJOC2025918 | 102 E South 34th St | Long Beach Township | LBI Real Estate Market | $3,150,000 |
Closed | NJOC2024682 | 14 E 78th St | Harvey Cedars | LBI Real Estate Market | $4,300,000 |
Temporary Off Market | NJOC2025298 | 1715 Bay Ter | Long Beach Township | LBI Real Estate Market | $1,795,000 |
Withdrawn | NJOC2024074 | 510 N Bay Ave #310 | Beach Haven | LBI Real Estate Market | $999,990 |
Withdrawn | NJOC2024674 | 2 E 28th St | Barnegat Light | LBI Real Estate Market | $4,800,000 |
Canceled | NJOC2024982 | 1210 Long Beach Blvd #C2 | Long Beach Township | LBI Real Estate Market | $379,000 |
Canceled | NJOC2024984 | 1210 Long Beach Blvd #C1 | Long Beach Township | LBI Real Estate Market | $379,000 |
Canceled | NJOC2024988 | 1210 Unit B Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $1,875,000 |
Canceled | NJOC2024978 | 1210 Unit A Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $1,875,000 |
Expired | NJOC2023902 | 5302 S Long Beach Blvd #3 | Long Beach Township | LBI Real Estate Market | $425,000 |
Expired | NJOC2023308 | 375 W 6th St | Ship Bottom | LBI Real Estate Market | $2,495,000 |
LBI New Jersey Real Estate Sales Analysis
This was one of the most significant disparities between new listings and pending sales that we have seen in some time. There were far more new listings this week than pending sales, which is great news for the LBI real estate market. Inventory, or lack thereof, continues to be the biggest hurdle for buyers on Long Beach Island. An increase like the one we saw this week will open up the field for more options. We will likely see a higher number of pending sales in the next couple of weeks as this inventory gets absorbed by home buyers. The amazing part is that even with all these new listings, there are still only 115 active listings in the MLS this week, showing once again how low inventory levels really are in the LBI real estate 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 07-07-2024 to 07-14-2024, 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
