LBI Real Estate Weekly Sales Update 1/29/2023-2/5/2023
- High Tides Digital Marketing
- Feb 6, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/29/2023-2/5/2023
LBI Real Estate Weekly Sales Update 1/29/2023-2/5/2023: This past week say 41 changes to the Long Beach Island real estate sales market, which has been a fairly consistent rate of activity over the past year or so. The activity was mostly 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,970,377
11 listings went under contract with an average listing price of about $1,591,773
5 properties sold on Long Beach Island with an average price of $1,685,000
1 listings saw price a reduction in the LBI real estate market
LBI Real Estate Weekly Sales Update 1/29/2023-2/5/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price |
Coming Soon | NJOC2016184 | 103 Roxie #WEST UNIT | Long Beach Township | LBI | $1,650,000 |
Coming Soon | NJOC2016208 | 10 Shore Rd | Surf City | LBI | $2,300,000 |
Coming Soon | NJOC2016180 | 17 N 12th St | Surf City | LBI | $2,950,000 |
New Active | NJOC2016196 | 1210 Long Beach, Unit B | Long Beach Township | LBI | $399,000 |
New Active | NJOC2016016 | 212 Pelham Ave #2 | Beach Haven | LBI | $849,900 |
New Active | NJOC2016114 | 11 E Bay Berry Dr | Long Beach Township | LBI | $1,250,000 |
New Active | NJOC2016014 | 12 N Barnegat Ave | Surf City | LBI | $1,399,000 |
New Active | NJOC2016202 | 603 Broadway | Barnegat Light | LBI | $1,599,000 |
New Active | NJOC2016144 | 340 Kentford Ave | Beach Haven | LBI | $1,599,000 |
New Active | NJOC2016096 | 1078-F Long Beach Blvd | Long Beach Township | LBI | $1,775,000 |
New Active | NJOC2016050 | 3805 Long Beach Blvd | Long Beach Township | LBI | $1,899,000 |
New Active | NJOC2016156 | 6 W 20th St | Barnegat Light | LBI | $2,450,000 |
New Active | NJOC2016160 | 169-B Long Beach Blvd | Long Beach Township | LBI | $5,495,000 |
Back to Active | NJOC2013504 | 3 Bay Shore Rd | Long Beach Township | LBI | $990,000 |
Price Decrease | NJOC2014932 | 321 Centre St | Beach Haven | LBI | $1,199,000 |
Pending | NJOC2015568 | 102 W 26th St | Ship Bottom | LBI | $945,000 |
Pending | NJOC2014364 | 22 SW 33rd | Long Beach Township | LBI | $949,000 |
Pending | NJOC2013566 | 106 E 24th St | Long Beach Township | LBI | $1,099,000 |
Pending | NJOC2014556 | 9323 Mark Dr | Long Beach Township | LBI | $1,198,500 |
Pending | NJOC2012672 | 3200 Long Beach Blvd | Long Beach Township | LBI | $1,399,000 |
Pending | NJOC2013672 | 1501 Long Beach | Long Beach Township | LBI | $1,400,000 |
Pending | NJOC2013928 | 2200 N Long Beach Blvd | Surf City | LBI | $1,495,000 |
Pending | NJOC2014406 | 1918 N Long Beach Blvd | Surf City | LBI | $1,595,000 |
Pending | NJOC2014060 | 116 5th St | Beach Haven | LBI | $1,849,000 |
Pending | NJOC2011522 | 152 Marina Blvd. | Long Beach Township | LBI | $1,985,000 |
Pending | NJOC2015218 | 9 W Cumberland Ave | Harvey Cedars | LBI | $3,595,000 |
Closed | NJOC2013950 | 319 S 3rd St | Surf City | LBI | $1,100,000 |
Closed | NJOC2009024 | 45 N 15th St | Surf City | LBI | $1,425,000 |
Closed | NJOC2014482 | 9313 Susan | Long Beach Township | LBI | $1,500,000 |
Closed | NJOC2015270 | 1403 N Long Beach Blvd | Surf City | LBI | $2,100,000 |
Closed | NJOC2014016 | 114 Amber St | Beach Haven | LBI | $2,300,000 |
Withdrawn | NJOC2015226 | 340 Kentford Ave | Beach Haven | LBI | $1,599,000 |
Canceled | NJOC2015460 | 1403 N Long Beach Blvd | Surf City | LBI | $2,100,000 |
Expired | NJOC2011288 | 605 Broadway | Barnegat Light | LBI | $1,495,000 |
Expired | NJOC2011290 | 605 Broadway | Barnegat Light | LBI | $1,495,000 |
Expired | NJOC2012170 | 319 W 8th St | Ship Bottom | LBI | $1,500,000 |
Expired | NJOC2014498 | 25 E 49th | Long Beach Township | LBI | $1,999,000 |
Expired | NJOC2011654 | 102 N 2nd Street | Surf City | LBI | $1,999,000 |
Expired | NJOC2009582 | 101 N 1st Street | Surf City | LBI | $2,050,000 |
Expired | NJOC2013610 | 10 11th St | Beach Haven | LBI | $4,595,000 |
Expired | NJOC2003410 | 27 Long Beach Blvd. | Long Beach Township | LBI | $13,850,000 |
LBI New Jersey Real Estate Sales Analysis
As mentioned above, the activity this week was fairly balanced. While there was a slight increase in the number of homes for sale in the LBI real estate market, with 13 new listings and 11 pending sales, it is clear that buyers are willing to absorb the inventory as it comes up in the market. Buyer confidence remains strong and the lack of inventory remains the single biggest challenge to home sales on Long Beach Island. There are 115 active listings in the MLS this week and 66 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 1/29/2023-2/5/2023 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
