LBI Real Estate Weekly Sales Update 1/24/2021-1/31/2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/24/2021-1/31/2021

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 1/24/2021-1/31/2021: There were a total 88 changes to the Long Beach Island real estate market this week. The sales activity was spread over all categories with pending sales continuing to be one of the most active areas this week. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

• 22 new listings entered the market with an average price of $1,530,045

• 31 listings went under contract with an average listing price of about $1,525,768

• 14 properties sold on Long Beach Island with an average price of $1,313,357

• 7 listings were either withdrawn of expired in the LBI real estate market

LBI Real Estate Weekly Sales Update 1/24/2021-1/31/2021

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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	Area	Current Price – Decimal
Coming Soon	NJOC406892	411 N 3rd St	Surf City	LBI	$1,899,000
Coming Soon	NJOC406732	120 E Louisiana	Long Beach Township	LBI	$6,749,999
New Active	NJOC406874	3205 Ocean #1	Long Beach Township	LBI	$105,000
New Active	NJOC406668	2421 Long Beach Blvd. #B	Ship Bottom	LBI	$399,000
New Active	NJOC406670	2421 Long Beach Blvd. #A	Ship Bottom	LBI	$399,000
New Active	NJOC406756	1709 N Long Beach Blvd	Surf City	LBI	$525,000
New Active	NJOC406752	1709 N Long Beach Blvd	Surf City	LBI	$595,000
New Active	NJOC406830	2-South 33rd	Long Beach Township	LBI	$799,000
New Active	NJOC406608	909 S Bay Ave	Beach Haven	LBI	$935,000
New Active	NJOC406760	15 Cleveland	Long Beach Township	LBI	$989,000
New Active	NJOC406718	386 N 4th St	Surf City	LBI	$999,000
New Active	NJOC406750	1709 N Long Beach Blvd	Surf City	LBI	$1,045,000
New Active	NJOC406848	1013-A Long Beach Boulevard #A	Long Beach Township	LBI	$1,195,000
New Active	NJOC406844	1608 Beach	Long Beach Township	LBI	$1,395,000
New Active	NJOC406828	1608 Beach	Long Beach Township	LBI	$1,395,000
New Active	NJOC406814	61 Adrian Rd	Long Beach Township	LBI	$1,475,000
New Active	NJOC406856	1046-C-2 Long Beach Blvd #C-2	Long Beach Township	LBI	$1,495,000
New Active	NJOC406744	2202 Central Ave	Barnegat Light	LBI	$1,649,000
New Active	NJOC406654	8302 Beach Ave	Long Beach Township	LBI	$1,924,999
New Active	NJOC406688	173-B Long Beach Blvd	Long Beach Township	LBI	$2,199,000
New Active	NJOC406716	2401 Bay Vista	Surf City	LBI	$2,499,000
New Active	NJOC406562	819 N Ocean Ave	Surf City	LBI	$2,995,000
Back to Active	NJOC401308	11 E 74th Unit 3 Ave	Harvey Cedars	LBI	$105,000
Back to Active	NJOC405978	700 N Long Beach Blvd	Surf City	LBI	$750,000
Back to Active	NJOC405494	700 N Long Beach Blvd	Surf City	LBI	$750,000
Back to Active	NJOC403826	9306 N Susan Ln	Long Beach Township	LBI	$799,999
Back to Active	NJOC394474	504 Central Ave	Barnegat Light	LBI	$825,000
Back to Active	NJOC406764	12 E Massachusetts	Long Beach Township	LBI	$1,065,000
Back to Active	NJOC406820	1046-C-1 Long Beach Blvd #C-1	Long Beach Township	LBI	$1,495,000
Back to Active	NJOC400832	3701 Long Beach Blvd S	Long Beach Township	LBI	$2,700,000
Price Decrease	NJOC405386	2404 Long Beach Blvd	Long Beach Township	LBI	$729,000
Price Decrease	NJOC405778	201 W 28th St	Ship Bottom	LBI	$739,000
Price Decrease	NJOC405624	322 6th St W	Ship Bottom	LBI	$929,900
Price Decrease	NJOC402734	2416 Bay Vista	Surf City	LBI	$1,199,000
Price Decrease	NJOC404014	50 Amherst	Long Beach Township	LBI	$1,199,000
Price Decrease	NJOC405462	131 Laguna Ln	Long Beach Township	LBI	$2,499,000
Active Under Contract	NJOC403590	32 W South 32nd #C6	Long Beach Township	LBI	$950,000
Active Under Contract	NJOC406434	18 E 8th St	Barnegat Light	LBI	$999,000
Active Under Contract	NJOC404694	602 N Atlantic Ave	Beach Haven	LBI	$1,199,000
Active Under Contract	NJOC404690	602 N Atlantic Ave	Beach Haven	LBI	$1,199,000
Active Under Contract	NJOC405242	507 Drexel Ave	Ship Bottom	LBI	$1,200,000
Active Under Contract	NJOC404242	4900-B Long Beach #B	Long Beach Township	LBI	$1,380,000
Active Under Contract	NJOC406418	7 Steven	Long Beach Township	LBI	$1,495,000
Active Under Contract	NJOC385778	4700a Bay Ter	Long Beach Township	LBI	$1,699,000
Active Under Contract	NJOC405476	3 E Tennessee	Long Beach Township	LBI	$1,799,999
Active Under Contract	NJOC394430	15-C Long Beach Blvd #C	Long Beach Township	LBI	$4,995,000
Pending	NJOC400680	7903 Long Beach Blvd #A	Long Beach Township	LBI	$289,900
Pending	NJOC406346	310 S Atlantic Ave #U1	Beach Haven	LBI	$339,000
Pending	NJOC404746	507 N Beach Ave	Beach Haven	LBI	$599,000
Pending	NJOC399676	101 W 9th St #204	Ship Bottom	LBI	$599,999
Pending	NJOC396968	14 Osborn	Long Beach Township	LBI	$749,000
Pending	NJOC406780	7 E 8th St	Barnegat Light	LBI	$750,000
Pending	NJOC405910	508 Central Ave	Barnegat Light	LBI	$849,900
Pending	NJOC406564	1705 Long Beach Blvd	Long Beach Township	LBI	$899,000
Pending	NJOC406334	105 S Barnegat Ave	Surf City	LBI	$899,000
Pending	NJOC404826	3 E 15th St	Barnegat Light	LBI	$949,000
Pending	NJOC404146	1000 N Bay Ave #1S	Beach Haven	LBI	$999,000
Pending	NJOC403752	215 5th St	Beach Haven	LBI	$1,100,000
Pending	NJOC401408	36 N 4th St	Surf City	LBI	$1,179,000
Pending	NJOC402888	125 23rd Ave	Long Beach Township	LBI	$1,299,000
Pending	NJOC400482	23 Cedars Ave	Harvey Cedars	LBI	$1,590,000
Pending	NJOC406244	127 Second St	Beach Haven	LBI	$1,895,000
Pending	NJOC406422	123 E 14th	Long Beach Township	LBI	$1,999,999
Pending	NJOC396932	1605 N Ocean Ave	Surf City	LBI	$2,100,000
Pending	NJOC405074	260 Pompano Dr	Long Beach Township	LBI	$2,799,000
Pending	NJOC399754	171-A Long Beach Boulevard	Long Beach Township	LBI	$3,499,000
Pending	NJOC405076	109-F Long Beach Blvd	Long Beach Township	LBI	$4,999,000
Closed	NJOC400682	7903 Long Beach Blvd #B	Long Beach Township	LBI	$318,000
Closed	NJOC403022	1001 Ocean Ave #1009	Ship Bottom	LBI	$685,000
Closed	NJOC402476	2300 N Central Ave	Surf City	LBI	$755,000
Closed	NJOC398442	304 Iroquois Ave	Beach Haven	LBI	$775,000
Closed	NJOC403408	230 W 17th St W	Ship Bottom	LBI	$800,000
Closed	NJOC405678	180 Marina Blvd	Long Beach Township	LBI	$977,500
Closed	NJOC403634	1042-C Long Beach Boulevard #C	Long Beach Township	LBI	$1,125,000
Closed	NJOC406202	4 E Mermaid Lane	Long Beach Township	LBI	$1,249,000
Closed	NJOC404448	29 N 4th St	Surf City	LBI	$1,415,000
Closed	NJOC401364	16 E 80th St	Harvey Cedars	LBI	$1,590,000
Closed	NJOC405308	323 N. 8th St	Surf City	LBI	$1,602,500
Closed	NJOC406860	48 N 13th Street	Surf City	LBI	$1,900,000
Closed	NJOC402172	17 N 7th St	Surf City	LBI	$1,900,000
Closed	NJOC404258	121 Massachusetts	Long Beach Township	LBI	$3,295,000
Temporary Off Market	NJOC406382	4-C Long Beach Blvd #C	Long Beach Township	LBI	$1,495,000
Canceled	NJOC404512	355 W 8th St	Ship Bottom	LBI	$895,000
Canceled	NJOC406754	1046-C-1 Long Beach Blvd #C-1	Long Beach Township	LBI	$1,495,000
Canceled	NJOC403082	12-A E Essex Ave	Harvey Cedars	LBI	$2,249,000
Expired	NJOC393002	508 Central Ave	Ship Bottom	LBI	$699,900
Expired	NJOC393004	508 Central Ave	Ship Bottom	LBI	$699,900
Expired	NJOC400882	6 Rosemma	Long Beach Township	LBI	$999,000

LBI New Jersey Real Estate Sales Analysis

While there were once again more pending sales than new listings, we are seeing a little more in the way of new inventory coming on the market. This is typical for this time of year and, hopefully, will help give some buyers additional options in the Long Beach Island real estate market. The average price remains high, over $1,500,000, and while there is such a disparity between supply and demand coupled with the low-interest rates being offered to buyers, it is doubtful we will see any decrease in the average sales price of a home in the LBI 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 1/24/2021-1/31/2021 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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