LBI Real Estate Weekly Sales Update 1/15/2023-1/22/2023
- High Tides Digital Marketing
- Jan 23, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/15/2023-1/22/2023
LBI Real Estate Weekly Sales Update 1/15/2023-1/22/2023: There were only 39 changes to the Long Beach Island real estate market this week which is a small drop off in activity. That said, the activity was well balanced. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
13 new listings entered the market with an average price of $2,687,615
10 listings went under contract with an average listing price of about $1,673,690
2 properties sold on Long Beach Island with an average price of $2,327,500
4 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 1/15/2023-1/22/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price |
Coming Soon | NJOC2015940 | 33 W 87th | Long Beach Township | $2,500,000 |
New Active | NJOC2015924 | 2702-Long Beach Blvd | Ship Bottom | $759,000 |
New Active | NJOC2015986 | 205 5th St | Beach Haven | $1,450,000 |
New Active | NJOC2015802 | 39 N 17th St | Surf City | $1,999,000 |
New Active | NJOC2015800 | 101 N 1st Street | Surf City | $2,199,000 |
New Active | NJOC2015936 | 1092-B-West Unit Long Beach Blvd | Long Beach Township | $2,495,000 |
New Active | NJOC2015746 | 1092-B-East Unit Long Beach Blvd | Long Beach Township | $2,495,000 |
New Active | NJOC2015964 | 122 Amber St | Beach Haven | $2,499,000 |
New Active | NJOC2015954 | 1062-D Long Beach Blvd #EAST UNIT | Long Beach Township | $2,599,000 |
New Active | NJOC2015948 | 1062-D Long Beach Blvd #WEST UNIT | Long Beach Township | $2,599,000 |
New Active | NJOC2015960 | 27 E 37th | Long Beach Township | $2,849,999 |
New Active | NJOC2015932 | 1 E 69th St | Harvey Cedars | $2,995,000 |
New Active | NJOC2015896 | 131-C Long Beach Blvd | Long Beach Township | $7,500,000 |
Price Decrease | NJOC2015294 | 12904 Long Beach | Long Beach Township | $1,450,000 |
Price Decrease | NJOC2015138 | 7 Pershing | Long Beach Township | $1,450,999 |
Price Decrease | NJOC2013114 | 17 15th | Long Beach Township | $1,950,000 |
Price Decrease | NJOC2010930 | 17 E 15th | Long Beach Township | $1,950,000 |
Price Decrease | NJOC2012694 | 2 Tennessee | Long Beach Township | $2,649,999 |
Active Under Contract | NJOC2013726 | 3101 S Long Beach Blvd S #0840 – UNIT 4 U | Long Beach Township | $979,000 |
Active Under Contract | NJOC2015852 | 4206 Long Beach #E | Long Beach Township | $995,000 |
Active Under Contract | NJOC2012822 | 14 W Bayberry Dr | Long Beach Township | $999,000 |
Pending | NJOC2015690 | 101 W 9th St #102 | Ship Bottom | $785,000 |
Pending | NJOC2014964 | 1504 Long Beach | Long Beach Township | $1,099,999 |
Pending | NJOC2013080 | 6 W 28th St W | Barnegat Light | $1,399,000 |
Pending | NJOC2015332 | 7800 Ocean | Long Beach Township | $1,550,000 |
Pending | NJOC2015354 | 10 E 19th St | Barnegat Light | $2,125,000 |
Pending | NJOC2012464 | 2 E 83rd St | Harvey Cedars | $2,799,900 |
Pending | NJOC2010966 | 109 E Surf Ave | Long Beach Township | $3,999,999 |
Closed | NJOC407486 | 445 Engleside Ave | Beach Haven | $1,660,000 |
Closed | NJOC2014580 | 12400 Ocean Ave | Long Beach Township | $2,995,000 |
Withdrawn | NJOC2015832 | 25 Colorado | Long Beach Township | $1,199,999 |
Canceled | NJOC2011658 | 1915 Long Beach Blvd | Ship Bottom | $1,995,000 |
Canceled | NJOC2011176 | 1 E 69th St | Harvey Cedars | $2,995,000 |
Expired | NJOC2009230 | 603 Broadway | Barnegat Light | $1,699,000 |
Expired | NJOC2009212 | 603 Broadway | Barnegat Light | $1,699,000 |
Expired | NJOC2009500 | 1096-C Long Beach | Long Beach Township | $1,849,000 |
Expired | NJOC2012018 | 122 Amber St | Beach Haven | $2,200,000 |
Expired | NJOC2009450 | 7-A Long Beach Blvd | Long Beach Township | $9,880,000 |
Expired | NJOC2013010 | 7 Long Beach Blvd | Long Beach Township | $16,750,000 |
LBI New Jersey Real Estate Sales Analysis
As expected, we have seen an increase in the number of new listings entering the LBI real estate market. January and February are, historically, some of the best months for new listings on the market. Also as expected, pending sales have increased as buyers move quickly to purchase these new listings. Overall, the number of homes for sale on Long Beach Island has remained the same or dropped, even in spite of this surge in new listings. There are 107 active listings in the MLS this week and 54 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 1/15/2023-1/22/2023 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
