LBI Real Estate Weekly Sales Update 08-04-2024 to 8-11-2024
- High Tides Digital Marketing
- Aug 11, 2024
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 08-04-2024 to 8-11-2024
LBI Real Estate Weekly Sales Update 08-04-2024 to 8-11-2024: It was a slower week in overall activity, but of the 36 changes in this week's LBI real estate market update, a third of these changes were pending sales! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
9 new listings entered the market with an average price of $2,830,778
12 listings went under contract with an average listing price of about $2,269,917
4 properties sold on Long Beach Island with an average price of $1,727,500
7 listings saw price reductions in the LBI real estate market and one house saw a price increase this week
LBI Real Estate Weekly Sales Update 08-04-2024 to 8-11-2024
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), CLOSED means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
New Active | NJOC2027806 | 379 W 8th St #”6″ | Ship Bottom | LBI Real Estate Market | $990,000 |
New Active | NJOC2027796 | 306 3rd St | Beach Haven | LBI Real Estate Market | $1,700,000 |
New Active | NJOC2027812 | 5 W Sand Dune | Long Beach Township | LBI Real Estate Market | $1,799,999 |
New Active | NJOC2027586 | 119 E South 34th | Long Beach Township | LBI Real Estate Market | $2,100,000 |
New Active | NJOC2027790 | 2510 N Atlantic Ave | Long Beach Township | $2,199,000 | |
New Active | NJOC2027782 | 325 Cranberry Drive | Long Beach Township | LBI Real Estate Market | $2,495,000 |
New Active | NJOC2027670 | 1308 N Ocean Ave | Surf City | LBI Real Estate Market | $2,895,000 |
New Active | NJOC2027892 | 8 E 72nd St | Harvey Cedars | LBI Real Estate Market | $3,299,000 |
New Active | NJOC2027780 | 1900 Virginia Ave | Beach Haven | LBI Real Estate Market | $7,999,000 |
Back to Active | NJOC2024522 | 57-B Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $7,395,000 |
Price Decrease | NJOC2027666 | 310 S West Ave #C1 | Beach Haven | LBI Real Estate Market | $875,000 |
Price Decrease | NJOC2026360 | 373 W 8th St | Ship Bottom | LBI Real Estate Market | $1,195,000 |
Price Decrease | NJOC2027856 | 2506 Central Ave | Barnegat Light | LBI Real Estate Market | $1,500,000 |
Price Decrease | NJOC2027540 | 21 W Bayberry Dr | Long Beach Township | LBI Real Estate Market | $1,875,000 |
Price Decrease | NJOC2027422 | 18 S West Ave | Beach Haven | LBI Real Estate Market | $1,899,900 |
Price Decrease | NJOC2023256 | 5403 Long Beach Blvd | Harvey Cedars | LBI Real Estate Market | $1,999,000 |
Price Decrease | NJOC2026810 | 274 W 10th St | Ship Bottom | LBI Real Estate Market | $2,099,000 |
Price Increase | NJOC2025826 | 1405 N Long Beach Blvd | Surf City | $2,799,900 | |
Active Under Contract | NJOC2026770 | 9309 Mark Dr | Long Beach Township | LBI Real Estate Market | $1,300,000 |
Active Under Contract | NJOC2027128 | 1082-C Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $1,499,000 |
Active Under Contract | NJOC2027260 | 7503 Ocean Blvd. | Long Beach Township | LBI Real Estate Market | $1,699,000 |
Active Under Contract | NJOC2026900 | 1033-A Long Beach | Long Beach Township | LBI Real Estate Market | $2,100,000 |
Active Under Contract | NJOC2027430 | 125 Fifth St | Beach Haven | LBI Real Estate Market | $2,150,000 |
Active Under Contract | NJOC2027262 | 18 E 86th Sea Glass Lane | Long Beach Township | LBI Real Estate Market | $2,849,999 |
Pending | NJOC2024068 | 339 W 4th St | Ship Bottom | LBI Real Estate Market | $1,399,000 |
Pending | NJOC2027742 | 2 E Gloucester Ave | Harvey Cedars | LBI Real Estate Market | $1,549,000 |
Pending | NJOC2027548 | 407 Amber St | Beach Haven | LBI Real Estate Market | $2,149,000 |
Pending | NJOC2026506 | 12 E 20th St | Barnegat Light | LBI Real Estate Market | $2,599,000 |
Pending | NJOC2025220 | 1096-C Long Beach Blvd | Long Beach Township | LBI Real Estate Market | $3,850,000 |
Pending | NJOC2023330 | 132-D Long Beach Boulevard | Long Beach Township | LBI Real Estate Market | $4,095,000 |
Closed | NJOC2022430 | 6 34th | Long Beach Township | $985,000 | |
Closed | NJOC2026492 | 259 S 2nd St | Surf City | LBI Real Estate Market | $1,800,000 |
Closed | NJOC2018674 | 2705 Beach Ave | Long Beach Township | LBI Real Estate Market | $2,050,000 |
Closed | NJOC2026438 | 107 E 19th | Ship Bottom | LBI Real Estate Market | $2,075,000 |
Temporary Off Market | NJOC2024938 | 273 N 12th #FL 2 | Surf City | LBI Real Estate Market | $3,750 |
Withdrawn | NJOC2027106 | 2 W 12th St | Barnegat Light | LBI Real Estate Market | $1,499,000 |
LBI New Jersey Real Estate Sales Analysis
Pending sales outpaced new listings this week, which was expected as inventory has grown slightly over the past couple of weeks. As has been the case, a few weeks of inventory growth lead to a few weeks of pending sales increasing. This has kept the market in near perfect balance of the past 18 months or so and shows the strength and confidence present in the Long Beach Island New Jersey real estate market! There are 135 active listings in the MLS this week and 62 pending sales. Both of these numbers are higher than we have seen for the past several months. 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 08-04-2024 to 8-11-2024, 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
