LBI Real Estate Weekly Sales Update 1/17/2021-1/24/2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/17/2021-1/24/2021

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 1/17/2021-1/24/2021: There were a total 68 changes to the Long Beach Island real estate market this week. This seems to be the average change in the MLS over the past few days during the age of 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

• 16 new listings entered the market with an average price of $1,597,125

• 27 listings went under contract with an average listing price of about $1,355,259

• 12 properties sold on Long Beach Island with an average price of $1,244,083

• 2 listings were either withdrawn of expired in the LBI real estate market

LBI Real Estate Weekly Sales Update 1/17/2021-1/24/2021

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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	Current Price – Decimal
Coming Soon	NJOC406608	909 S Bay Ave	Beach Haven	$935,000
Coming Soon	NJOC406562	819 N Ocean Ave	Surf City	$2,995,000
Coming Soon	NJOC406636	202 W S Ave	Beach Haven	$4,499,999
New Active	NJOC406574	9 Pearl St #3A	Beach Haven	$549,000
New Active	NJOC406550	109 N 3rd St	Surf City	$829,000
New Active	NJOC406580	16 W 6th St	Barnegat Light	$895,000
New Active	NJOC406564	1705 Long Beach Blvd	Long Beach Township	$899,000
New Active	NJOC406484	507-505 S Bay Ave	Beach Haven	$929,000
New Active	NJOC406554	112 N 3rd St	Surf City	$949,000
New Active	NJOC406560	2421 Long Beach Blvd., Unit C #C	Ship Bottom	$1,100,000
New Active	NJOC406686	17 E 14th St	Barnegat Light	$1,175,000
New Active	NJOC406570	17 E 14th St	Barnegat Light	$1,175,000
New Active	NJOC406316	501 Dock Rd	Beach Haven	$1,925,000
New Active	NJOC406422	123 E 14th	Long Beach Township	$1,999,999
New Active	NJOC406688	173-B Long Beach Blvd	Long Beach Township	$2,199,000
New Active	NJOC406516	202 W S Ave	Beach Haven	$2,499,999
Back to Active	NJOC406520	901 Ocean Ave #901	Ship Bottom	$979,000
Back to Active	NJOC403752	215 5th St	Beach Haven	$1,100,000
Back to Active	NJOC394430	15-C Long Beach Blvd #C	Long Beach Township	$4,995,000
Price Decrease	NJOC404760	209 W 28th St	Ship Bottom	$1,190,000
Price Decrease	NJOC404528	209 W 28th St	Ship Bottom	$1,190,000
Price Decrease	NJOC404526	209 W 28th St	Ship Bottom	$1,190,000
Price Decrease	NJOC404150	13 E 37th St	Long Beach Township	$1,245,000
Price Decrease	NJOC403914	107 E 27th St	Long Beach Township	$1,565,000
Price Decrease	NJOC405476	3 E Tennessee	Long Beach Township	$1,799,999
Price Decrease	NJOC405462	131 Laguna Ln	Long Beach Township	$2,499,000
Price Increase	NJOC399668	101 W 9th St #303	Ship Bottom	$769,000
Active Under Contract	NJOC400680	7903 Long Beach Blvd #A	Long Beach Township	$289,900
Active Under Contract	NJOC391092	1801 S Long Beach Blvd	Ship Bottom	$399,900
Active Under Contract	NJOC405798	1810 Central Ave #6	Ship Bottom	$439,500
Active Under Contract	NJOC404702	5608 Ocean #U3	Long Beach Township	$449,000
Active Under Contract	NJOC406250	5500 Long Beach	Long Beach Township	$899,900
Active Under Contract	NJOC406222	202 W 18th St	Ship Bottom	$1,199,000
Active Under Contract	NJOC402980	1807 N Long Beach Blvd	Surf City	$1,495,000
Active Under Contract	NJOC405534	15 N 2nd St	Surf City	$1,599,000
Active Under Contract	NJOC406428	114 E Jerome Ave	Long Beach Township	$1,699,000
Active Under Contract	NJOC404914	12106 Sunset	Long Beach Township	$2,295,000
Active Under Contract	NJOC403960	13 E Essex Ave	Harvey Cedars	$2,695,000
Active Under Contract	NJOC405818	123 Mariners Ln	Long Beach Township	$4,295,000
Pending	NJOC404222	1905 Pennsylvania Ave	Ship Bottom	$389,900
Pending	NJOC406494	8 W Harrington	Long Beach Township	$599,000
Pending	NJOC406492	8 W Harrington	Long Beach Township	$599,000
Pending	NJOC405090	333 N 7th Street	Surf City	$649,900
Pending	NJOC406236	9 E Pennsylvania	Long Beach Township	$674,999
Pending	NJOC405978	700 N Long Beach Blvd	Surf City	$724,000
Pending	NJOC405494	700 N Long Beach Blvd	Surf City	$724,000
Pending	NJOC396690	206 W Ship Bottom Ave	Ship Bottom	$850,000
Pending	NJOC406008	407 Coral St #A	Beach Haven	$989,000
Pending	NJOC406192	1002 N Beach Ave	Beach Haven	$999,000
Pending	NJOC404240	22 Warwick Ave	Harvey Cedars	$1,199,000
Pending	NJOC406272	327 Norwood Ave	Beach Haven	$1,350,000
Pending	NJOC406136	1082-E Long Beach Blvd	Long Beach Township	$1,824,000
Pending	NJOC401580	1201 S Beach Ave	Beach Haven	$2,275,000
Pending	NJOC400348	123 Colorado	Long Beach Township	$4,990,000
Closed	NJOC403090	27 E 25th #C4	Long Beach Township	$330,000
Closed	NJOC394562	1902 Bayview Ave	Barnegat Light	$750,000
Closed	NJOC404712	1000 N Bay Ave #9-M	Beach Haven	$805,000
Closed	NJOC402556	1 E. California Ave.	Long Beach Township	$805,000
Closed	NJOC403898	311 N 2nd St	Surf City	$815,000
Closed	NJOC401856	1402 N Barnegat Ave	Surf City	$825,000
Closed	NJOC405004	19 E 33rd St	Long Beach Township	$850,000
Closed	NJOC402864	2-A W Dune Ln	Long Beach Township	$999,000
Closed	NJOC405482	327 Holyoke Ave	Beach Haven	$1,525,000
Closed	NJOC405708	209 E 22nd St	Long Beach Township	$2,000,000
Closed	NJOC402972	313 Beach Plum	Long Beach Township	$2,550,000
Closed	NJOC400664	1003-C Long Beach Blvd #C	Long Beach Township	$2,675,000
Temporary Off Market	NJOC405712	1086-A Long Beach #A	Long Beach Township	$1,795,000
Withdrawn	NJOC404206	120 East South 31st	Long Beach Township	$1,850,000

LBI New Jersey Real Estate Sales Analysis

The Long Beach Island real estate market has continued to show steady activity. As we have seen, pending and closed sales far outpaced the new inventory coming on the market. The supply of homes has been, and continues to be, a problem for buyers in the LBI real estate market in the age of COVID. As we come into February, historically we see an increase in activity in new homes on the market this time of year, so let's hope that is the case! For more information about buying, selling or investing in the Long Beach Island real estate market or about Real Estate Weekly Sales Update 1/17/2021-1/24/2021 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

www.BuyLBI.com

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