LBI Real Estate Weekly Sales Update 08/22/2021-08/29/2021
- High Tides Digital Marketing
- Aug 29, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 08/22/2021-08/29/2021
LBI Real Estate Weekly Sales Update 08/22/2021-08/29/2021: There were a grand total of 61 changes to the Long Beach Island real estate sales market this week. In a reversal of past weeks, there were more pending sales this week than new listings resulting in a net loss of inventory. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
17 new listings entered the market with an average price of $2,239,223
22 listings went under contract with an average listing price of about $1,681,900
6 properties sold on Long Beach Island with an average price of $1,144,000
2 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 08/22/2021-08/29/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
Coming Soon | NJOC2002456 | 1615 Central Ave #2A | Ship Bottom | LBI | $499,900 |
Coming Soon | NJOC2002570 | 130 E 7th St | Ship Bottom | LBI | $1,499,000 |
New Active | NJOC2002388 | 8311 Long Beach Blvd #4 | Long Beach Township | LBI | $549,900 |
New Active | NJOC2002352 | 110 W 26th St | Ship Bottom | LBI | $850,000 |
New Active | NJOC2002140 | 262 N 10th St | Surf City | LBI | $1,100,000 |
New Active | NJOC2002378 | 16 E Nevada Ave | Long Beach Township | LBI | $1,299,000 |
New Active | NJOC2002252 | 4 W 20th St | Barnegat Light | LBI | $1,299,000 |
New Active | NJOC2001888 | 7 W 29th St | Barnegat Light | LBI | $1,499,000 |
New Active | NJOC2002334 | 275 S 2nd St | Surf City | LBI | $1,599,000 |
New Active | NJOC2002328 | 38 N 22nd St | Surf City | LBI | $1,699,000 |
New Active | NJOC2002418 | 258 N 4th St | Surf City | LBI | $1,700,000 |
New Active | NJOC2002404 | 1 E 31 St SE | Long Beach Township | LBI | $1,899,000 |
New Active | NJOC2002552 | 5 W 19th St | Long Beach Township | LBI | $2,275,000 |
New Active | NJOC2002236 | 8 E. Bayberry | Long Beach Township | LBI | $2,300,000 |
New Active | NJOC2002326 | 1126-C Long Beach | Long Beach Township | LBI | $4,099,999 |
New Active | NJOC2002612 | 1117 Long Beach Blvd | Long Beach Township | LBI | $6,500,000 |
New Active | NJOC2002350 | 7401 Ocean Blvd | Long Beach Township | LBI | $7,399,000 |
Back to Active | NJOC404408 | 61 D Long Beach Blvd | Long Beach Township | LBI | $7,995,000 |
Price Decrease | NJOC2001906 | 9006 Long Beach Blvd #B | Long Beach Township | LBI | $799,000 |
Price Decrease | NJOC2001056 | 3 E Seabreeze | Long Beach Township | LBI | $1,249,900 |
Price Decrease | NJOC2001036 | 3 E Seabreeze | Long Beach Township | LBI | $1,249,900 |
Price Decrease | NJOC2001764 | 1404 S Bay Ave | Beach Haven | LBI | $1,450,000 |
Price Decrease | NJOC2001890 | 37 Hideaway | Long Beach Township | LBI | $1,549,000 |
Price Decrease | NJOC2001820 | 26 New York W | Long Beach Township | LBI | $1,659,000 |
Price Decrease | NJOC2002408 | 25 Anderson | Long Beach Township | LBI | $1,795,000 |
Price Decrease | NJOC2001868 | 9 E 27th St | Barnegat Light | LBI | $1,799,000 |
Price Decrease | NJOC408978 | 112 Shore Ave | Surf City | LBI | $2,199,000 |
Price Decrease | NJOC2001118 | 120 W Ohio Ave | Long Beach Township | LBI | $2,295,000 |
Price Decrease | NJOC2000950 | 162 E Long Beach Boulevard | Long Beach Township | LBI | $2,450,000 |
Price Increase | NJOC407678 | 310 N Bay Ave | Beach Haven | LBI | $929,900 |
Price Increase | NJOC2001388 | 13510 Atlantic Ave | Long Beach Township | LBI | $2,295,000 |
Active Under Contract | NJOC2001882 | 101 W 9th St #204 | Ship Bottom | LBI | $829,000 |
Active Under Contract | NJOC2002294 | 10109 Highland | Long Beach Township | LBI | $874,999 |
Active Under Contract | NJOC2002436 | 33 W Essex Ave | Harvey Cedars | LBI | $899,900 |
Active Under Contract | NJOC2002324 | 216 17th St | Surf City | LBI | $999,000 |
Active Under Contract | NJOC2001926 | 9 W Connecticut Ave | Long Beach Township | LBI | $999,000 |
Active Under Contract | NJOC2001558 | 16 E 31st | Long Beach Township | LBI | $1,899,000 |
Active Under Contract | NJOC2000552 | 2011 E Bay Ter | Ship Bottom | LBI | $2,595,000 |
Active Under Contract | NJOC410052 | 138 E 15th St | Ship Bottom | LBI | $3,100,000 |
Pending | NJOC2002156 | 27 West Jacqueline Ave Unit A | Long Beach Township | LBI | $825,000 |
Pending | NJOC2001406 | 204 Engleside Ave #C | Beach Haven | LBI | $899,000 |
Pending | NJOC2001404 | 204 Engleside Ave #A | Beach Haven | LBI | $949,000 |
Pending | NJOC2000716 | 296 N 4th St | Surf City | LBI | $949,900 |
Pending | NJOC410460 | 15 Division Ave | Surf City | LBI | $1,299,000 |
Pending | NJOC2002240 | 22 Joshua | Long Beach Township | LBI | $1,399,999 |
Pending | NJOC408476 | 107 W McKinley | Long Beach Township | LBI | $1,590,000 |
Pending | NJOC410214 | 23 E 51st St | Long Beach Township | LBI | $1,599,000 |
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 | NJOC2002164 | 27 3rd St | Beach Haven | LBI | $1,699,999 |
Pending | NJOC2001632 | 36 Lighthouse Way | Long Beach Township | LBI | $1,795,000 |
Pending | NJOC406732 | 120 E Louisiana | Long Beach Township | LBI | $6,999,999 |
Closed | NJOC2000366 | 122 E 5th St #B | Ship Bottom | LBI | $690,000 |
Closed | NJOC410688 | 701 Barnegat Ave | Ship Bottom | LBI | $815,000 |
Closed | NJOC410652 | 701 Barnegat Ave | Ship Bottom | LBI | $815,000 |
Closed | NJOC2001834 | 9 E 16th St | Barnegat Light | LBI | $965,000 |
Closed | NJOC401394 | 11 W Harding Ave | Long Beach Township | LBI | $1,479,000 |
Closed | NJOC410742 | 32-B Long Beach | Long Beach Township | LBI | $2,100,000 |
Temporary Off Market | NJOC2000700 | 7605 Long Beach Blvd | Harvey Cedars | LBI | $1,299,000 |
Withdrawn | NJOC408494 | 27 W Ohio | Beach Haven | LBI | $1,595,000 |
LBI New Jersey Real Estate Sales Analysis
The average price of a new listing was a bit of a shock this week at over $2,200,000! That said, there were 2 of the 17 listings priced over $6,000,000 which does drive the average up. When these are removed from the equation, the average price of a new listing on LBI was about $1,680,000-far more in line with what we have been seeing. Overall the activity seen in the LBI real estate market follows the trends of the past few weeks with a more balanced 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 08/22/2021-08/29/2021 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
