LBI Real Estate Weekly Sales Update 10/16/2022-10/23/2022
- High Tides Digital Marketing
- Oct 24, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 10/16/2022-10/23/2022
LBI Real Estate Weekly Sales Update 10/16/2022-10/23/2022: There were 49 changes to the Long Beach Island real estate market this week, and overall the market was fairly 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. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
12 new listings entered the market with an average price of $1,1,702,333
12 listings went under contract with an average listing price of about $2,598,750
9 properties sold on Long Beach Island with an average price of $1,536,872 or $1,728,750 if you eliminate a rental from the sold category
10 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 10/16/2022-10/23/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2014224 | 18 E 20th Street | Long Beach Township | LBI | $1,100,000 |
Coming Soon | NJOC2014310 | 100 E Colorado | Long Beach Township | LBI | $1,900,000 |
New Active | NJOC2014210 | 124 E 17th St ##2 | Ship Bottom | LBI | $419,000 |
New Active | NJOC2014306 | 501 Amber St | Beach Haven | LBI | $895,000 |
New Active | NJOC2014274 | 6110 Long Beach | Long Beach Township | LBI | $980,000 |
New Active | NJOC2014244 | 2807 Long Beach Blvd | Long Beach Township | LBI | $999,000 |
New Active | NJOC2014238 | 420 8th St #UNIT 2S | Beach Haven | LBI | $1,100,000 |
New Active | NJOC2014202 | 112 E Florida Ave | Long Beach Township | LBI | $1,600,000 |
New Active | NJOC2014156 | 116 E Jerome Ave | Long Beach Township | LBI | $2,495,000 |
New Active | NJOC2014154 | 6107 Ocean Blvd | Long Beach Township | LBI | $2,795,000 |
New Active | NJOC2014014 | 110 Newport Dr | Long Beach Township | LBI | $2,850,000 |
New Active | NJOC2014214 | 1110 S Beach Ave | Beach Haven | LBI | $3,295,000 |
New Active | NJOC2014300 | 135-B Long Beach | Long Beach Township | LBI | $4,499,999 |
Back to Active | NJOC2012748 | 2307 Central Ave | Barnegat Light | LBI | $850,000 |
Price Decrease | NJOC2013014 | 23 N 10th St | Surf City | LBI | $2,000 |
Price Decrease | NJOC2013136 | 900 N Beach Ave #8 | Beach Haven | LBI | $550,000 |
Price Decrease | NJOC2011062 | 12 Harding Ave #UNIT EAST | Long Beach Township | LBI | $1,100,000 |
Price Decrease | NJOC2011064 | 12 Harding Ave #UNIT WEST | Long Beach Township | LBI | $1,150,000 |
Price Decrease | NJOC2013026 | 1409 W West Ave | Beach Haven | LBI | $1,999,999 |
Price Decrease | NJOC2011508 | 12 Harding | Long Beach Township | LBI | $2,200,000 |
Price Decrease | NJOC2011522 | 152 Marina Blvd. | Long Beach Township | LBI | $2,219,000 |
Price Decrease | NJOC2012954 | 9 Lange Ave | Harvey Cedars | LBI | $2,399,000 |
Price Decrease | NJOC2011466 | 5 E 79th St | Harvey Cedars | LBI | $2,895,000 |
Price Decrease | NJOC2010574 | 6 N 23rd St | Surf City | LBI | $3,799,000 |
Active Under Contract | NJOC2013760 | 901 Ocean Ave #925 | Ship Bottom | LBI | $949,000 |
Active Under Contract | NJOC2013104 | 1801 Long Beach Blvd | Beach Haven | LBI | $1,599,000 |
Active Under Contract | NJOC2009684 | 5 E 85th St | Harvey Cedars | LBI | $2,599,000 |
Active Under Contract | NJOC2014160 | 44 N 7th Street | Surf City | LBI | $2,799,000 |
Active Under Contract | NJOC2013996 | 6703 Ocean Blvd | Long Beach Township | LBI | $5,795,000 |
Pending | NJOC2011412 | 204 S Atlantic Ave | Beach Haven | LBI | $525,000 |
Pending | NJOC2013532 | 107 E. 28th St E | Ship Bottom | LBI | $825,000 |
Pending | NJOC2014232 | 1615 Long Beach Blvd | Surf City | LBI | $1,500,000 |
Pending | NJOC2012474 | 1044-D Long Beach Blvd | Long Beach Township | LBI | $1,995,000 |
Pending | NJOC2013970 | 216 Fairview Ave | Beach Haven | LBI | $1,999,000 |
Pending | NJOC2013066 | 69-C Long Beach | Long Beach Township | LBI | $2,100,000 |
Pending | NJOC2011264 | 12312 Old Whaling | Beach Haven | LBI | $8,500,000 |
Closed | NJOC2012958 | 13302 Long Beach | Long Beach Township | LBI | $1,850 |
Closed | NJOC2012862 | 111 N Central Ave | Surf City | LBI | $835,000 |
Closed | NJOC2011924 | 39 N 9th St | Surf City | LBI | $1,100,000 |
Closed | NJOC2008610 | 6 E 50th St | Long Beach Township | LBI | $1,100,000 |
Closed | NJOC2012294 | 1102 Barnegat Ave | Ship Bottom | LBI | $1,235,000 |
Closed | NJOC2011620 | 40 W 4th St #9 | Barnegat Light | LBI | $1,325,000 |
Closed | NJOC2009962 | 25 Anderson Ln | Long Beach Township | LBI | $1,350,000 |
Closed | NJOC2013022 | 17 Beacon Dr | Long Beach Township | LBI | $2,285,000 |
Closed | NJOC2010240 | 12315 Ocean Avenue | Long Beach Township | LBI | $4,600,000 |
Withdrawn | NJOC2012072 | 113 E 21st | Long Beach Township | LBI | $2,200,000 |
Canceled | NJOC2014078 | 7 W 51st | Long Beach Township | LBI | $1,299,000 |
Canceled | NJOC2014138 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,475,000 |
Canceled | NJOC2014136 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,475,000 |
LBI New Jersey Real Estate Sales Analysis
The LBI real estate market saw balanced activity this week, which seems to be the direction of overall market is heading. There were an equal number of new listings and pending sales, which tells you buyers are still confident in the future of the real estate market on Long Beach Island. It is likely that inventory will increase, and we are seeing a lot of price drops, but overall the market is slowing to become a more balanced market that will favor BOTH buyer and seller. There are 146 active listings in the MLS this week and 82 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 10/16/2022-10/23/2022 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
