LBI Real Estate Weekly Sales Update 07-21-2024 to 07-28-2024
- High Tides Digital Marketing
- Jul 28, 2024
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 07-21-2024 to 07-28-2024
LBI Real Estate Weekly Sales Update 07-21-2024 to 07-28-2024: There were 54 changes to the Long Beach Island real estate market this week, and almost half of this activity was new listings! This marks one of the past year's busiest weeks for 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
20 new listings entered the market with an average price of $1,612,375
13 listings went under contract with an average listing price of about $1,905,069
7 properties sold on Long Beach Island with an average price of $2,304,714
9 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 07-21-2024 to 07-28-2024
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), CLOSED means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2027430 | 125 Fifth St | Beach Haven | LBI Real Estate Market | $2,150,000 |
New Active | NJOC2027512 | 33 N 24th St #2 | Surf City | LBI Real Estate Market | $1,500 |
New Active | NJOC2027426 | 905 N Bay Ave | Beach Haven | LBI Real Estate Market | $5,000.00 |
New Active | NJOC2027382 | 2 Cox Ave | Harvey Cedars | LBI Real Estate Market | $950,000 |
New Active | NJOC2027530 | 310 S West Ave #B2 | Beach Haven | LBI Real Estate Market | $999,000 |
New Active | NJOC2027438 | 358 W 6th St | Ship Bottom | LBI Real Estate Market | $1,250,000 |
New Active | NJOC2027458 | 10008 Beach | Long Beach Township | LBI Real Estate Market | $1,349,000 |
New Active | NJOC2027504 | 1 E Hobart Ave | Long Beach Township | LBI Real Estate Market | $1,375,000 |
New Active | NJOC2027362 | 101 E 30th St | Ship Bottom | LBI Real Estate Market | $1,399,999 |
New Active | NJOC2027128 | 1082-C Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $1,499,000 |
New Active | NJOC2027376 | 1701 N Atlantic | Long Beach Township | LBI Real Estate Market | $1,540,000 |
New Active | NJOC2027440 | 2510 Bayview Ave | Barnegat Light | LBI Real Estate Market | $1,595,000 |
New Active | NJOC2027514 | 9305 Mark Dr | Long Beach Township | LBI Real Estate Market | $1,895,000 |
New Active | NJOC2027454 | 7601 Long Beach Blvd | Harvey Cedars | LBI Real Estate Market | $1,995,000 |
New Active | NJOC2027540 | 21 W Bayberry Dr | Long Beach Township | LBI Real Estate Market | $1,999,000 |
New Active | NJOC2027422 | 18 S West Ave | Beach Haven | LBI Real Estate Market | $1,999,999 |
New Active | NJOC2026888 | 121 E Sand Dune | Long Beach Township | LBI Real Estate Market | $1,999,999 |
New Active | NJOC2025936 | 246 N 1st St | Surf City | LBI Real Estate Market | $2,399,999 |
New Active | NJOC2027384 | 5207 West Ave | Long Beach Township | LBI Real Estate Market | $2,695,000 |
New Active | NJOC2027380 | 5 E Louisiana | Long Beach Township | LBI Real Estate Market | $3,150,000 |
Back to Active | NJOC2025298 | 1715 Bay Ter | Long Beach Township | LBI Real Estate Market | $1,795,000 |
Back to Active | NJOC2026184 | 15 E 36th St | Long Beach Township | LBI Real Estate Market | $1,859,000 |
Price Decrease | NJOC2026132 | 32 W New York | Long Beach Township | LBI Real Estate Market | $1,649,000 |
Price Decrease | NJOC2023846 | 1076-C Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $1,695,000 |
Price Decrease | NJOC2027260 | 7503 Ocean Blvd. | Long Beach Township | LBI Real Estate Market | $1,699,000 |
Price Decrease | NJOC2025024 | 335 S 2nd Street | Surf City | LBI Real Estate Market | $1,749,000 |
Price Decrease | NJOC2027410 | 431 Amber St #B | Beach Haven | LBI Real Estate Market | $2,099,000 |
Price Decrease | NJOC2026810 | 274 W 10th St | Ship Bottom | LBI Real Estate Market | $2,129,000 |
Price Decrease | NJOC2026872 | 709 N Barnegat Ave | Surf City | LBI Real Estate Market | $2,299,999 |
Price Decrease | NJOC2025220 | 1096-C Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $3,850,000 |
Price Decrease | NJOC2024562 | 1109-B Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $5,699,000 |
Active Under Contract | NJOC2027092 | 5302 S Long Beach Blvd #3 | Long Beach Township | LBI Real Estate Market | $400,000 |
Active Under Contract | NJOC2020168 | 1916 W Bay Ter | Ship Bottom | LBI Real Estate Market | $1,100,000 |
Active Under Contract | NJOC2026480 | 2401 N Central Ave | Surf City | LBI Real Estate Market | $1,525,000 |
Active Under Contract | NJOC2026638 | 5200 Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $1,659,000 |
Active Under Contract | NJOC2025512 | 908 Bayview Ave | Barnegat Light | LBI Real Estate Market | $1,999,999 |
Pending | NJOC2023252 | 319 W 8th St | Ship Bottom | LBI Real Estate Market | $1,099,999 |
Pending | NJOC2026890 | 28 W Jacqueline | Long Beach Township | LBI Real Estate Market | $1,580,000 |
Pending | NJOC2026928 | 2305 E Bay Ter | Ship Bottom | LBI Real Estate Market | $1,895,000 |
Pending | NJOC2026952 | 13 East 15th Street | Barnegat Light | LBI Real Estate Market | $1,999,000 |
Pending | NJOC2025300 | 25 W Roosevelt Ave | Long Beach Township | LBI Real Estate Market | $2,250,000 |
Pending | NJOC2027158 | 375 W 6th St | Ship Bottom | LBI Real Estate Market | $2,459,000 |
Pending | NJOC2025136 | 9 W 38th St | Long Beach Township | LBI Real Estate Market | $2,799,000 |
Pending | NJOC2023500 | 9 W Ryerson Ln | Long Beach Township | LBI Real Estate Market | $3,999,900 |
Closed | NJOC2026422 | 111 E 6th St #2 | Ship Bottom | LBI Real Estate Market | $575,000 |
Closed | NJOC2026032 | 19 E 87th | Long Beach Township | LBI Real Estate Market | $1,550,000 |
Closed | NJOC2025758 | 131 W Kimberly | Long Beach Township | LBI Real Estate Market | $1,930,000 |
Closed | NJOC2026328 | 117 E Surf Ave | Long Beach Township | LBI Real Estate Market | $2,095,000 |
Closed | NJOC2026166 | 111 E New Jersey Ave | Long Beach Township | LBI Real Estate Market | $2,488,000 |
Closed | NJOC2023620 | 24 W Roosevelt Ave | Long Beach Township | LBI Real Estate Market | $2,595,000 |
Closed | NJOC2024294 | 2601 S Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $4,900,000 |
Canceled | NJOC2025632 | 7601 Long Beach Blvd | Harvey Cedars | LBI Real Estate Market | $1,149,000 |
Expired | NJOC2022104 | 1403 N Long Beach Blvd | Surf City | LBI Real Estate Market | $2,625,000 |
Expired | NJOC2021506 | 23 W 83rd St | Harvey Cedars | LBI Real Estate Market | $3,599,999 |
LBI New Jersey Real Estate Sales Analysis
The addition of 20 listings to the LBI real estate market is significant. In a market where inventory has been steady around 100-120 listings each week, a surge of 20 new listings cannot go unnoticed. This is normal for this time of year as, even though it is only late July, some are already planning for the end of the summer. With colleges starting in August, some owners see the end of summer and are listing these homes for sale. It is likely that we will see comparable activity over the next 6-8 weeks or so, which should introduce some new inventory to the LBI real estate market! That said, demand is still very high, and with 13 pending sales and a few others that are not registered yet, homes are moving! There are 182 active listings in the MLS this week and 41 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 07-21-2024 to 07-28-2024, 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
