LBI Real Estate Weekly Sales Update 1/22/2023-1/29/2023
- High Tides Digital Marketing
- Jan 29, 2023
- 3 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/22/2023-1/29/2023
LBI Real Estate Weekly Sales Update 1/22/2023-1/29/2023: The Long Beach Island real estate sales market saw only 32 changes this week, and almost half of that was new listings! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $2,963,385
6 listings went under contract with an average listing price of about $1,761,150
5 properties sold on Long Beach Island with an average price of $1,804,600
3 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 1/22/2023-1/29/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
New Active | NJOC2016052 | 1210 Long Beach, Unit A | Long Beach Township | $399,000 |
New Active | NJOC2016068 | 2420 Long Beach Blvd | Ship Bottom | $1,199,000 |
New Active | NJOC2015986 | 205 5th St | Beach Haven | $1,450,000 |
New Active | NJOC2016012 | 340 Kentford Ave | Beach Haven | $1,599,000 |
New Active | NJOC2016054 | 1096-C Long Beach | Long Beach Township | $1,849,000 |
New Active | NJOC2015988 | 301 N 4th St | Surf City | $1,899,000 |
New Active | NJOC2015940 | 33 W 87th | Long Beach Township | $2,500,000 |
New Active | NJOC2015960 | 27 E 37th | Long Beach Township | $2,849,999 |
New Active | NJOC2015952 | 51 N 21st St | Surf City | $2,895,000 |
New Active | NJOC2016066 | 22 S 1st St | Surf City | $3,495,000 |
New Active | NJOC2016064 | 2803 Long Beach Boulevard S | Beach Haven | $4,995,000 |
New Active | NJOC2015600 | 209 E South 33rd St | Long Beach Township | $5,399,000 |
New Active | NJOC2015740 | 6715 Ocean Blvd | Long Beach Township | $7,995,000 |
Back to Active | NJOC2015492 | 20 Amber St #E11 | Beach Haven | $469,000 |
Price Decrease | NJOC2014856 | 218 Coral St #1 | Beach Haven | $1,175,000 |
Price Decrease | NJOC2014854 | 218 Coral St #1 | Beach Haven | $1,175,000 |
Price Decrease | NJOC2015138 | 7 Pershing | Long Beach Township | $1,450,999 |
Active Under Contract | NJOC2013694 | 100-W Pennsylvania | Long Beach Township | $1,399,000 |
Active Under Contract | NJOC2014400 | 1918 N Long Beach Blvd | Surf City | $1,595,000 |
Pending | NJOC2013660 | 1808 S Bay Ave | Beach Haven | $1,375,000 |
Pending | NJOC2014496 | 1 W Joshua | Long Beach Township | $1,549,000 |
Pending | NJOC2015508 | 12 N 12th St | Surf City | $1,849,000 |
Pending | NJOC2012464 | 2 E 83rd St | Harvey Cedars | $2,799,900 |
Closed | NJOC2009732 | 102 W Roosevelt Ave. Roosevelt #28 | Long Beach Township | $41,000 |
Closed | NJOC2014628 | 12 E 78th St #7 | Harvey Cedars | $132,000 |
Closed | NJOC2012042 | 169-B Long Beach Blvd | Long Beach Township | $1,500,000 |
Closed | NJOC2011532 | 1915 Long Beach Blvd | Ship Bottom | $1,750,000 |
Closed | NJOC2013996 | 6703 Ocean Blvd | Long Beach Township | $5,600,000 |
Canceled | NJOC2015130 | 1210 Long Beach Blvd #UNIT A | Long Beach Township | $399,000 |
Canceled | NJOC2014320 | 25 E 49th | Long Beach Township | $1,999,000 |
Canceled | NJOC2012796 | 51 N 21st St | Surf City | $2,895,000 |
Canceled | NJOC2011810 | 6715 Ocean Blvd | Long Beach Township | $7,995,000 |
LBI New Jersey Real Estate Sales Analysis
Even though there were roughly twice as many new listings as pending sales this week, inventory continues to be a major issue. There are only about 108 active single-family home listings in the MLS this week and 69 pending sales. New inventory continues to be absorbed quickly, and this results in little overall gain to the market. Buyers are active and looking for a home on Long Beach Island! 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 1/22/2023-1/29/2023 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
