LBI Real Estate Weekly Sales Update 08/29/2021-09/05/2021
- High Tides Digital Marketing
- Sep 5, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 08/29/2021-09/05/2021
LBI Real Estate Weekly Sales Update 08/29/2021-09/05/2021: Activity in the Long Beach Island real estate market exploded this week with a total of 82 changes to the MLS which is one of the busier weeks we have seen recently. Unfortunlay for buyers, there were more pending sales this week than active listings thus reducing the inventory levels. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
20 new listings entered the market with an average price of $1,228,115
26 listings went under contract with an average listing price of about $1,356,804
7 properties sold on Long Beach Island with an average price of $1,903,346
16 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 08/29/2021-09/05/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2002814 | 27 E 23rd St | Long Beach Township | LBI | $1,249,000 |
Coming Soon | NJOC2002730 | 10 W 29th St | Long Beach Township | LBI | $1,999,000 |
Coming Soon | NJOC2002704 | 84-B Bayview Ave #B | Long Beach Township | LBI | $4,895,000 |
New Active | NJOC2002632 | 50 Ohio | Long Beach Township | LBI | $2,500 |
New Active | NJOC2002622 | 20 Amber St #E6 | Beach Haven | LBI | $449,000 |
New Active | NJOC2002456 | 1615 Central Ave #2A | Ship Bottom | LBI | $499,900 |
New Active | NJOC2002030 | 252 W 17th St #C | Ship Bottom | LBI | $500,000 |
New Active | NJOC2002620 | 100 E Lillie #U2 | Long Beach Township | LBI | $649,000 |
New Active | NJOC2002682 | 101 E 27th St | Ship Bottom | LBI | $824,900 |
New Active | NJOC2002642 | 382 N 3rd St | Surf City | LBI | $899,000 |
New Active | NJOC2002700 | 257 N 13th St | Surf City | LBI | $899,999 |
New Active | NJOC2002596 | 13 E Rhode Island | Long Beach Township | LBI | $949,000 |
New Active | NJOC2002816 | 2100 N Long Beach Blvd | Surf City | LBI | $999,000 |
New Active | NJOC2002746 | 2100 N Long Beach Blvd | Surf City | LBI | $999,000 |
New Active | NJOC2002058 | 322 W 11th St | Ship Bottom | LBI | $1,050,000 |
New Active | NJOC2002724 | 424 Iroquois Ave | Beach Haven | LBI | $1,150,000 |
New Active | NJOC2002664 | 1302-1314 Barnegat Ave | Ship Bottom | LBI | $1,150,000 |
New Active | NJOC2002520 | 4-East 18th | Long Beach Township | LBI | $1,299,000 |
New Active | NJOC2002570 | 130 E 7th St | Ship Bottom | LBI | $1,499,000 |
New Active | NJOC2002118 | 2117 Ocean Ter | Ship Bottom | LBI | $2,600,000 |
Back to Active | NJOC408662 | 12 E 30th St | Barnegat Light | LBI | $2,999,000 |
Price Decrease | NJOC410462 | 5 W 38th #U2 | Long Beach Township | LBI | $719,000 |
Price Decrease | NJOC2000864 | 22 Mea Ln | Long Beach Township | LBI | $765,000 |
Price Decrease | NJOC2001346 | 34 Sunset | Long Beach Township | LBI | $999,500 |
Price Decrease | NJOC2002110 | 10101 Beach Ave | Long Beach Township | LBI | $1,399,000 |
Price Decrease | NJOC408764 | 1901 Long Beach Boulevard | Long Beach Township | LBI | $1,595,000 |
Price Decrease | NJOC404828 | 1901 Long Beach Boulevard | Long Beach Township | LBI | $1,595,000 |
Price Decrease | NJOC2002418 | 258 N 4th St | Surf City | LBI | $1,649,000 |
Price Decrease | NJOC2001868 | 9 E 27th St | Barnegat Light | LBI | $1,725,000 |
Price Decrease | NJOC2002678 | 210 W 18th St | Ship Bottom | LBI | $1,775,000 |
Price Decrease | NJOC2002042 | 110 Selfridge | Long Beach Township | LBI | $1,899,000 |
Price Decrease | NJOC2000262 | 1 Thomas Ave | Harvey Cedars | LBI | $1,999,000 |
Price Decrease | NJOC408978 | 112 Shore Ave | Surf City | LBI | $2,199,000 |
Active Under Contract | NJOC2002352 | 110 W 26th St | Ship Bottom | LBI | $850,000 |
Active Under Contract | NJOC2001742 | 5 W 9th St | Barnegat Light | LBI | $875,000 |
Active Under Contract | NJOC2002732 | 18 E Sand Dune | Long Beach Township | LBI | $899,000 |
Active Under Contract | NJOC2002726 | 18 E Sand Dune | Long Beach Township | LBI | $899,000 |
Active Under Contract | NJOC2001768 | 3501 Long Beach Blvd | Long Beach Township | LBI | $1,150,000 |
Active Under Contract | NJOC408806 | 1506 N Barnegat Ave | Surf City | LBI | $1,785,000 |
Active Under Contract | NJOC410048 | 1511 Seaview Ave | Barnegat Light | LBI | $3,350,000 |
Pending | NJOC2001782 | 204 W 12th St #C01 | Ship Bottom | LBI | $499,000 |
Pending | NJOC2002578 | 26 Carolina #A | Long Beach Township | LBI | $600,000 |
Pending | NJOC2002208 | 26 Carolina #B | Long Beach Township | LBI | $625,000 |
Pending | NJOC410588 | 314 Centre St | Beach Haven | LBI | $849,000 |
Pending | NJOC2002294 | 10109 Highland | Long Beach Township | LBI | $874,999 |
Pending | NJOC2002436 | 33 W Essex Ave | Harvey Cedars | LBI | $899,900 |
Pending | NJOC2001148 | 6 Auburn | Long Beach Township | LBI | $949,000 |
Pending | NJOC2000776 | 44 N 15th St | Surf City | LBI | $990,000 |
Pending | NJOC410230 | 708 Broadway | Barnegat Light | LBI | $995,000 |
Pending | NJOC2002324 | 216 17th St | Surf City | LBI | $999,000 |
Pending | NJOC2001650 | 115 28th St #UNIT B | Long Beach Township | LBI | $1,200,000 |
Pending | NJOC2000100 | 56 Bayview Dr | Long Beach Township | LBI | $1,295,000 |
Pending | NJOC2001026 | 315 Pelham Ave | Beach Haven | LBI | $1,300,000 |
Pending | NJOC2001342 | 405 Amber St | Beach Haven | LBI | $1,399,000 |
Pending | NJOC409696 | 1940 W Bay Ter | Ship Bottom | LBI | $1,575,000 |
Pending | NJOC409582 | 1940 W Bay Ter | Ship Bottom | LBI | $1,575,000 |
Pending | NJOC2001020 | 325 Dolphin Ave | Beach Haven | LBI | $1,850,000 |
Pending | NJOC410056 | 366 N 7th St | Surf City | LBI | $1,999,000 |
Pending | NJOC2000412 | 1126-E Long Beach Blvd | Long Beach Township | LBI | $4,995,000 |
Closed | NJOC410338 | 300 Glendola Ave | Beach Haven | LBI | $999,000 |
Closed | NJOC410102 | 19 20th | Long Beach Township | LBI | $999,000 |
Closed | NJOC2000424 | 57 Adrian Rd | Long Beach Township | LBI | $1,317,400 |
Closed | NJOC2000436 | 15 W Ohio Ave | Long Beach Township | LBI | $1,415,000 |
Closed | NJOC2000254 | 130 E Indiana Ave | Long Beach Township | LBI | $1,700,000 |
Closed | NJOC2000676 | 24 Warwick Ave | Harvey Cedars | LBI | $3,393,024 |
Closed | NJOC2001600 | 110 E Hobart Ave | Long Beach Township | LBI | $3,500,000 |
Withdrawn | NJOC409770 | 514-A Engleside Ave #A | Beach Haven | LBI | $489,900 |
Withdrawn | NJOC2000596 | 334 W 19th St | Ship Bottom | LBI | $1,099,000 |
Withdrawn | NJOC2000554 | 334 19th St W | Ship Bottom | LBI | $1,099,000 |
Withdrawn | NJOC2000426 | 57 Adrian Road | Long Beach Township | LBI | $1,350,000 |
Withdrawn | NJOC2001918 | 12 E 45th | Long Beach Township | LBI | $2,100,000 |
Withdrawn | NJOC2001118 | 120 W Ohio Ave | Long Beach Township | LBI | $2,295,000 |
Canceled | NJOC410688 | 701 Barnegat Ave | Ship Bottom | LBI | $815,000 |
Expired | NJOC407100 | 211 N Bay Ave | Beach Haven | LBI | $3,000.00 |
Expired | NJOC407554 | 132 E 5th St | Beach Haven | LBI | $1,099,000 |
Expired | NJOC2000732 | 120 Taylor Ave | Beach Haven | LBI | $1,499,900 |
Expired | NJOC408494 | 27 W Ohio | Beach Haven | LBI | $1,595,000 |
Expired | NJOC408430 | 1 Surf Ave E | Long Beach Township | LBI | $1,699,900 |
Expired | NJOC402278 | 25-E Sigsbee | Long Beach Township | LBI | $1,795,999 |
Expired | NJOC406892 | 411 N 3rd St | Surf City | LBI | $1,899,000 |
Expired | NJOC407598 | 100 21st | Long Beach Township | LBI | $1,999,000 |
Expired | NJOC409960 | 213 E 32nd St | Long Beach Township | LBI | $6,299,000 |
LBI New Jersey Real Estate Sales Analysis
There were a total of 6 more pending sales this week than there were active listings. Additionally, there were 16 listings that were withdrawn or expired from the market. Together, this is a rather significant reduction in the overall inventory on LBI. As we come into Fall it is expected that we will see more new inventory come on the market, the question is how quickly will it be absorbed. If the trend we saw this past week persists, the gains in inventory seen over the past few weeks could be erased. 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 08/29/2021-09/05/2021 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
