LBI Real Estate Weekly Sales Update 1/1/2023-1/8/2023
- High Tides Digital Marketing
- Jan 8, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/1/2023-1/8/2023
LBI Real Estate Weekly Sales Update 1/1/2023-1/8/2023: The LBI real estate saw strong activity for the first week of 2023! There were a total of 41 changes to the MLS this past week. Pending sales made up a small percentage of this, but that is not uncommon for the first couple of weeks of January. 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 on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
19new listings entered the market with an average price of $2,100,222 (not some of these new listings are old listings that expired after the first of the new year)
3 listings went under contract with an average listing price of about $1,766,667
8 properties sold on Long Beach Island with an average price of $1,596,875
3 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 1/1/2023-1/8/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Price |
Coming Soon | NJOC2015364 | 10 W Joan Rd | Long Beach Township | LBI | $1,550,000 |
Coming Soon | NJOC2015718 | 281 Riviera | Long Beach Township | LBI | $3,239,000 |
New Active | NJOC2015640 | 405 Central Ave | Ship Bottom | LBI | $780,000 |
New Active | NJOC2015568 | 102 W 26th St | Ship Bottom | LBI | $945,000 |
New Active | NJOC2015580 | 8901 Long Beach Boulevard | Long Beach Township | LBI | $1,099,000 |
New Active | NJOC2015598 | 251 N 10th St | Surf City | LBI | $1,299,000 |
New Active | NJOC2015712 | 248 W 10th St | Ship Bottom | LBI | $2,195,000 |
New Active | NJOC2015566 | 5-W S 32nd | Long Beach Township | LBI | $3,795,000 |
New Active | NJOC2015596 | 127-C Long Beach Blvd | Long Beach Township | LBI | $4,000,000 |
Back to Active | NJOC2014780 | 208 W 20th St | Ship Bottom | LBI | $1,200,000 |
Back to Active | NJOC2010964 | 101 Starr Ave | Long Beach Township | LBI | $1,749,000 |
Back to Active | NJOC2013576 | 1034-B Long Beach Blvd. Long Beach Twp | Long Beach Township | LBI | $1,795,000 |
Back to Active | NJOC2014716 | 138-A Long Beach Boulevard | Long Beach Township | LBI | $2,200,000 |
Back to Active | NJOC2010966 | 109 E Surf Ave | Long Beach Township | LBI | $3,999,999 |
Price Decrease | NJOC2014682 | 130 Taylor Ave | Beach Haven | LBI | $1,399,000 |
Price Decrease | NJOC2014678 | 83 W Tebco #D | Long Beach Township | LBI | $2,049,000 |
Price Decrease | NJOC2014674 | 83 W Tebco #C | Long Beach Township | LBI | $2,049,000 |
Pending | NJOC2014224 | 18 E 20th Street | Long Beach Township | LBI | $1,100,000 |
Pending | NJOC2015460 | 1403 N Long Beach Blvd | Surf City | LBI | $2,100,000 |
Pending | NJOC2015270 | 1403 N Long Beach Blvd | Surf City | LBI | $2,100,000 |
Closed | NJOC2014086 | 1220 Central Ave | Ship Bottom | LBI | $980,000 |
Closed | NJOC2014458 | 12 Alexis Pl | Long Beach Township | LBI | $999,999 |
Closed | NJOC2013656 | 324 2nd St | Beach Haven | LBI | $1,150,000 |
Closed | NJOC2014106 | 3 W Paulding | Long Beach Township | LBI | $1,165,000 |
Closed | NJOC2013018 | 1905 Bay | Long Beach Township | LBI | $1,250,000 |
Closed | NJOC2009816 | 325 Iroquois Ave | Beach Haven | LBI | $1,800,000 |
Closed | NJOC2013498 | 1817 Ocean Ave | Ship Bottom | LBI | $1,880,000 |
Closed | NJOC2003280 | 1214 Atlantic | Long Beach Township | LBI | $3,550,000 |
Temporary Off Market | NJOC2014794 | 17 E 29th | Long Beach Township | LBI | $1,199,000 |
Temporary Off Market | NJOC2014696 | 17 E 29th | Long Beach Township | LBI | $1,199,000 |
Temporary Off Market | NJOC2003640 | 275 W 27th St | Ship Bottom | LBI | $2,549,000 |
Temporary Off Market | NJOC2011810 | 6715 Ocean Blvd | Long Beach Township | LBI | $7,995,000 |
Withdrawn | NJOC2012412 | 505 Dock Rd #EAST SIDE | Beach Haven | LBI | $2,500 |
Withdrawn | NJOC2014034 | 237 W 7th St | Ship Bottom | LBI | $769,000 |
Withdrawn | NJOC2013578 | 150 Delaware | Long Beach Township | LBI | $2,395,000 |
Withdrawn | NJOC2013564 | 150 Delaware | Long Beach Township | LBI | $2,395,000 |
Withdrawn | NJOC410782 | 1035-A Long Beach #A | Long Beach Township | LBI | $3,199,999 |
Canceled | NJOC2014456 | 12 Alexis Pl | Long Beach Township | LBI | $1,049,000 |
Expired | NJOC2011546 | 6606 Ocean Blvd. | Long Beach Township | LBI | $1,899,000 |
Expired | NJOC2011542 | 27 E 67th St | Long Beach Township | LBI | $1,999,000 |
Expired | NJOC2009584 | 2400 N Long Beach Blvd | Surf City | LBI | $2,199,000 |
LBI New Jersey Real Estate Sales Analysis
Overall the activity in the LBI real estate market was about what one would expect. There were a number of withdrawn and expired listings, which hurt the overall inventory level for Long Beach Island, but several of these came back on the market. 2023 looks like we will see a continuation of the end of 2022 with low inventory, more thoughtful buying patterns, but strong overall sales activity. There are 105 active listings in the MLS this week and 69 pending sales. 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 1/1/2023-1/8/2023 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
