LBI Real Estate Weekly Sales Update 09/18/2022-09/25/2022
- High Tides Digital Marketing
- Sep 27, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 09/18/2022-09/25/2022
LBI Real Estate Weekly Sales Update 09/18/2022-09/25/2022: The name of the game this week was new listings! Of the 59 changes to the MLS, 23 new listings came on the market. We have not seen this kind of activity since before COVID! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,806,025
13 listings went under contract with an average listing price of about $2,402,390
10 properties sold on Long Beach Island with an average price of $1,296,750
3 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 09/18/2022-09/25/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2013542 | 901 Ocean Ave #919 | Ship Bottom | LBI | $749,000 |
Coming Soon | NJOC2013578 | 150 Delaware | Long Beach Township | LBI | $2,395,000 |
New Active | NJOC2013496 | 109 22nd | Long Beach Township | LBI | $1,750 |
New Active | NJOC2013480 | 106 S Barnegat Ave | Surf City | LBI | $2,500 |
New Active | NJOC2013628 | 109 22nd #1ST FLOOR | Long Beach Township | LBI | $2,600 |
New Active | NJOC2013476 | 4010 Long Beach Blvd | Long Beach Township | LBI | $8,100.00 |
New Active | NJOC2013484 | 310 W West Ave #K-3 | Beach Haven | LBI | $789,000 |
New Active | NJOC2013532 | 107 E. 28th St E | Ship Bottom | LBI | $825,000 |
New Active | NJOC2012822 | 14 W Bayberry Dr | Long Beach Township | LBI | $1,100,000 |
New Active | NJOC2013504 | 3 Bay Shore Rd | Long Beach Township | LBI | $1,200,000 |
New Active | NJOC2013018 | 1905 Bay | Long Beach Township | LBI | $1,275,000 |
New Active | NJOC2013566 | 106 E 24th St | Long Beach Township | LBI | $1,329,000 |
New Active | NJOC2013516 | 3 Olsen Ave | Harvey Cedars | LBI | $1,400,000 |
New Active | NJOC2013576 | 1034-B Long Beach Blvd. Long Beach Twp | Long Beach Township | LBI | $1,795,000 |
New Active | NJOC2013498 | 1817 Ocean Ave | Ship Bottom | LBI | $2,100,000 |
New Active | NJOC2013634 | 301 N Beach Ave | Beach Haven | LBI | $2,299,000 |
New Active | NJOC2011522 | 152 Marina Blvd. | Long Beach Township | LBI | $2,350,000 |
New Active | NJOC2013564 | 150 Delaware | Long Beach Township | LBI | $2,395,000 |
New Active | NJOC2013478 | 22 E 10th St | Barnegat Light | LBI | $2,599,000 |
New Active | NJOC2013312 | 105 W Kimberly Ave | Long Beach Township | LBI | $3,100,000 |
New Active | NJOC2013296 | 11804 Sunset Ter | Long Beach Township | LBI | $3,995,000 |
New Active | NJOC2013570 | 1049-C Long Beach | Long Beach Township | LBI | $4,995,000 |
New Active | NJOC2013610 | 10 11th St | Beach Haven | LBI | $5,295,000 |
Back to Active | NJOC2011952 | 28 W 8th St | Barnegat Light | LBI | $1,199,000 |
Back to Active | NJOC2008428 | 83 W Tebco #D | Long Beach Township | LBI | $2,149,000 |
Back to Active | NJOC2008422 | 83 W Tebco #C | Long Beach Township | LBI | $2,149,000 |
Price Decrease | NJOC2009732 | 102 W Roosevelt Ave. Roosevelt #28 | Long Beach Township | LBI | $42,000 |
Price Decrease | NJOC2013104 | 1801 Long Beach Blvd | Beach Haven | LBI | $1,599,000 |
Price Decrease | NJOC2013114 | 17 15th | Long Beach Township | LBI | $2,099,000 |
Price Decrease | NJOC2010930 | 17 E 15th | Long Beach Township | LBI | $2,099,000 |
Price Decrease | NJOC2013026 | 1409 W West Ave | Beach Haven | LBI | $2,194,999 |
Price Decrease | NJOC2008196 | 144-B Long Beach | Long Beach Township | LBI | $2,299,000 |
Price Decrease | NJOC2010024 | 608 S Atlantic Ave | Beach Haven | LBI | $2,399,999 |
Active Under Contract | NJOC2012748 | 2307 Central Ave | Barnegat Light | LBI | $850,000 |
Active Under Contract | NJOC2012294 | 1102 Barnegat Ave | Ship Bottom | LBI | $1,300,000 |
Active Under Contract | NJOC2013206 | 122 E 29th St | Ship Bottom | LBI | $1,875,000 |
Active Under Contract | NJOC2009816 | 325 Iroquois Ave | Beach Haven | LBI | $1,895,000 |
Active Under Contract | NJOC2009090 | 134 Belvoir Ave | Beach Haven | LBI | $2,765,000 |
Active Under Contract | NJOC2013168 | 9 E 86th St | Harvey Cedars | LBI | $3,200,000 |
Pending | NJOC2012844 | 612 Shore Ave | Ship Bottom | LBI | $999,000 |
Pending | NJOC2008610 | 6 E 50th St | Long Beach Township | LBI | $1,149,000 |
Pending | NJOC2006772 | 7-A W 82nd St | Harvey Cedars | LBI | $1,799,000 |
Pending | NJOC2012794 | 6801 Norfolk Pl | Harvey Cedars | LBI | $2,100,000 |
Pending | NJOC2012522 | 8 7th St | Beach Haven | LBI | $2,800,000 |
Pending | NJOC2009658 | 204 21st | Long Beach Township | LBI | $3,999,075 |
Pending | NJOC2013012 | 161-F Long Beach | Long Beach Township | LBI | $6,500,000 |
Closed | NJOC2011600 | 601 N Delaware Ave #15 | Beach Haven | LBI | $717,500 |
Closed | NJOC2013340 | 4000 Julia | Long Beach Township | LBI | $800,000 |
Closed | NJOC2012062 | 15 Cleveland Ave | Long Beach Township | LBI | $825,000 |
Closed | NJOC2012064 | 13 Cleveland Ave | Long Beach Township | LBI | $825,000 |
Closed | NJOC2010744 | 121 W Selfridge | Long Beach Township | LBI | $950,000 |
Closed | NJOC2013350 | 3 W. Scott Dr | Long Beach Township | LBI | $1,155,000 |
Closed | NJOC2012218 | 14 E Maryland | Long Beach Township | LBI | $1,190,000 |
Closed | NJOC2012488 | 104 W Pennsylvania Ave | Long Beach Township | LBI | $1,605,000 |
Closed | NJOC2011150 | 3901 Ocean | Long Beach Township | LBI | $2,450,000 |
Closed | NJOC2010642 | 3901 Ocean | Long Beach Township | LBI | $2,450,000 |
Withdrawn | NJOC2013538 | 111 E Dune Ln | Long Beach Township | LBI | $10,000 |
Withdrawn | NJOC2013518 | 3 Olsen Ave | Harvey Cedars | LBI | $1,400,000 |
Expired | NJOC2007770 | 12 E 78th St #7 | Harvey Cedars | LBI | $139,000 |
LBI New Jersey Real Estate Sales Analysis
In total, there was a significant new gain of new listings in the LBI real estate market this week. This certainly helps buyers who have been fighting falling inventory levels for the past several weeks. There are 124 active single-family home listings in the MLS this week and 81 pending sales. While interest rates have gone up and financial uncertainly reigns supreme, buyers are still transacting in the Long Beach Island real estate 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 09/18/2022-09/25/2022 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
