LBI Real Estate Weekly Sales Update 08/15/2021-08/22/2021
- High Tides Digital Marketing
- Aug 23, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 08/15/2021-08/22/2021
LBI Real Estate Weekly Sales Update 08/15/2021-08/22/2021: We saw a total of 62 changes to the MLS on Long Beach Island this past week. As has been the trend for the past few weeks, there were more new listings than pending sales which has helped to restore some balance to the sales market 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. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
23 new listings entered the market with an average price of $1,442,611
11 listings went under contract with an average listing price of about $1,395,627
8 properties sold on Long Beach Island with an average price of $1,398,738
4 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 08/15/2021-08/22/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2002140 | 262 N 10th St | Surf City | LBI | $1,100,000 |
Coming Soon | NJOC2002334 | 275 S 2nd St | Surf City | LBI | $1,599,000 |
Coming Soon | NJOC2002418 | 258 N 4th St | Surf City | LBI | $1,700,000 |
Coming Soon | NJOC2002326 | 1126-C Long Beach | LBI | $4,099,999 | |
New Active | NJOC2002410 | 23 N 10th St | Surf City | LBI | $2,250 |
New Active | NJOC2002388 | 8311 Long Beach Blvd #4 | Long Beach Township | LBI | $549,900 |
New Active | NJOC2002208 | 26 Carolina #B | Long Beach Township | LBI | $625,000 |
New Active | NJOC2002108 | 2108 S Bay Ave #B | Beach Haven | LBI | $725,000 |
New Active | NJOC2002156 | 27 West Jacqueline Ave Unit A | Long Beach Township | LBI | $825,000 |
New Active | NJOC2001742 | 5 W 9th St | Barnegat Light | LBI | $875,000 |
New Active | NJOC2002318 | 33 W 9th St | Barnegat Light | LBI | $999,900 |
New Active | NJOC2002246 | 408 N Atlantic Ave | Beach Haven | LBI | $1,149,000 |
New Active | NJOC2002376 | 333 W 11th St | Ship Bottom | LBI | $1,199,000 |
New Active | NJOC2002234 | 2601 Long Beach Blvd | Ship Bottom | LBI | $1,295,000 |
New Active | NJOC2002252 | 4 W 20th St | Barnegat Light | LBI | $1,299,000 |
New Active | NJOC2002240 | 22 Joshua | Long Beach Township | LBI | $1,399,999 |
New Active | NJOC2002274 | 1 La Baia | Long Beach Township | LBI | $1,499,000 |
New Active | NJOC2002164 | 27 3rd St | Beach Haven | LBI | $1,699,999 |
New Active | NJOC2002078 | 83 N Ohio Ave | Long Beach Township | LBI | $1,799,000 |
New Active | NJOC2002408 | 25 Anderson | Long Beach Township | LBI | $1,895,000 |
New Active | NJOC2002404 | 1 E 31 St SE | Long Beach Township | LBI | $1,899,000 |
New Active | NJOC2002226 | 109 Centre St | Beach Haven | LBI | $1,995,000 |
New Active | NJOC2002386 | 27 W Ohio | Beach Haven | LBI | $2,950,000 |
Back to Active | NJOC406516 | 202 W S Ave | Beach Haven | LBI | $2,499,999 |
Back to Active | NJOC404408 | 61 D Long Beach Blvd | Long Beach Township | LBI | $7,995,000 |
Price Decrease | NJOC408800 | 510 N Bay Ave #102 | Beach Haven | LBI | $289,000 |
Price Decrease | NJOC2000864 | 22 Mea Ln | Long Beach Township | LBI | $819,000 |
Price Decrease | NJOC2001522 | 8 W Sand Dune Ln | Long Beach Township | LBI | $849,000 |
Price Decrease | NJOC2001628 | 510 N Bay Ave #309 | Beach Haven | LBI | $999,000 |
Price Decrease | NJOC2001584 | 245 W 19th St W | Ship Bottom | LBI | $1,495,000 |
Price Decrease | NJOC2001890 | 37 Hideaway | Long Beach Township | LBI | $1,549,000 |
Price Decrease | NJOC2000212 | 13015 Bayview | Long Beach Township | LBI | $1,599,000 |
Price Decrease | NJOC2001868 | 9 E 27th St | Barnegat Light | LBI | $1,799,000 |
Price Decrease | NJOC2001558 | 16 E 31st | Long Beach Township | LBI | $1,899,000 |
Price Decrease | NJOC410056 | 366 N 7th St | Surf City | LBI | $1,999,000 |
Price Decrease | NJOC2000262 | 1 Thomas Ave | Harvey Cedars | LBI | $2,299,000 |
Price Decrease | NJOC2001638 | 1098-I Long Beach Blvd | Long Beach Township | LBI | $2,995,000 |
Price Decrease | NJOC410048 | 1511 Seaview Ave | Barnegat Light | LBI | $3,350,000 |
Price Decrease | NJOC409420 | 3205 Ocean Blvd | Long Beach Township | LBI | $3,795,000 |
Active Under Contract | NJOC2002294 | 10109 Highland | Long Beach Township | LBI | $874,999 |
Active Under Contract | NJOC2001826 | 14 Amherst | Long Beach Township | LBI | $984,900 |
Active Under Contract | NJOC2000804 | 9 E Sand Dune Ln | Long Beach Township | LBI | $999,000 |
Active Under Contract | NJOC408662 | 12 E 30th St | Barnegat Light | LBI | $2,999,000 |
Pending | NJOC2001886 | 335 Kentford Ave | Beach Haven | LBI | $800,000 |
Pending | NJOC410338 | 300 Glendola Ave | Beach Haven | LBI | $999,000 |
Pending | NJOC2000118 | 13516 Beach #B | Long Beach Township | LBI | $1,099,999 |
Pending | NJOC2001726 | 1096-B Long Beach Blvd | Long Beach Township | LBI | $1,600,000 |
Pending | NJOC2001730 | 1096-B Long Beach Blvd | Long Beach Township | LBI | $1,600,000 |
Pending | NJOC2001700 | 1096-B Long Beach Blvd | Long Beach Township | LBI | $1,600,000 |
Pending | NJOC2001674 | 7 Judith Ave | Long Beach Township | LBI | $1,795,000 |
Closed | NJOC408926 | 15 Cleveland Ave. | Long Beach Township | LBI | $930,000 |
Closed | NJOC410508 | 1007 N Barnegat Ave | Surf City | LBI | $964,900 |
Closed | NJOC2001096 | 3 W Dupont Ave | Long Beach Township | LBI | $975,000 |
Closed | NJOC2002242 | 17 E 30th St | Long Beach Township | LBI | $1,100,000 |
Closed | NJOC410036 | 357 N 8th St | Surf City | LBI | $1,450,000 |
Closed | NJOC2000958 | 6 W Roosevelt Ave | Long Beach Township | LBI | $1,675,000 |
Closed | NJOC409488 | 4 W 83rd St | Harvey Cedars | LBI | $1,995,000 |
Closed | NJOC410742 | 32-B Long Beach | Long Beach Township | LBI | $2,100,000 |
Withdrawn | NJOC2002114 | 117 N 1st St | Surf City | LBI | $1,799,000 |
Withdrawn | NJOC408930 | 9 E 5th St | Barnegat Light | LBI | $4,900,000 |
Expired | NJOC407260 | 304 10th St St | Ship Bottom | LBI | $795,000 |
Expired | NJOC407118 | 1811 N Ocean Ave | Surf City | LBI | $2,299,000 |
LBI New Jersey Real Estate Sales Analysis
The major driver of price increases in the Long Beach Island real estate sales market has been the lack of inventory. We are starting to see that imbalance correct itself, but there is still a very long way to go before we are in a balanced market. Right now, there are roughly twice as many homes for sale on Long Beach Island as there were when inventory was at the lowest point, but there are only about a quarter of the homes for sale as we normally see. If more and more homes come on the market and pending sales do not keep up, it is likely that prices will start to level off some. That said, there are many paths for this to reverse, not least of which is COVID. If the Delta Variant prompts lockdowns and restrictions again, we could see a massive demand take place and soak up all the available inventory. 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 08/15/2021-08/22/2021 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
