LBI Real Estate Weekly Sales Update 10/17/2021-10/24/2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 10/17/2021-10/24/2021

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 10/17/2021-10/24/2021: Overall activity in the Long Beach Island real estate sales market picked up this week with a total of 78 changes to the MLS. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,946,264

• 25 listings went under contract with an average listing price of about $1,316,866

• 14 properties sold on Long Beach Island with an average price of $1,325,178

• 11 listings saw price reductions in the LBI real estate market

LBI Real Estate Weekly Sales Update 10/17/2021-10/24/2021

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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	Area	Current Price – Decimal
Coming Soon	NJOC2004064	19 40th #UNIT A	Long Beach Township	LBI	$1,200,000
Coming Soon	NJOC2004010	19 E Nevada Ave	Beach Haven	LBI	$1,440,000
Coming Soon	NJOC2003864	131-C Long Beach Blvd	Long Beach Township	LBI	$6,999,000
New Active	NJOC2003980	4302 Long Beach Blvd	Long Beach Township	LBI	$950,000
New Active	NJOC2003982	8 W Jacqueline Ave	Long Beach Township	LBI	$975,000
New Active	NJOC2003900	1306-1314 Barnegat Ave	Ship Bottom	LBI	$989,000
New Active	NJOC2003960	13 W 22nd St	Barnegat Light	LBI	$1,049,000
New Active	NJOC2003862	4900-A Long Beach Blvd #A	Long Beach Township	LBI	$1,175,000
New Active	NJOC2003946	8108 Beach Ave	Long Beach Township	LBI	$1,349,000
New Active	NJOC2003942	8108 Beach Ave	Long Beach Township	LBI	$1,349,000
New Active	NJOC2000029	3200 Long Beach Blvd	Long Beach Township	LBI	$1,400,000
New Active	NJOC2004028	9213 Beach	Long Beach Township	LBI	$1,499,900
New Active	NJOC2003816	36-B Long Beach Blvd	Long Beach Township	LBI	$1,599,000
New Active	NJOC2000225	1 E Stanton	Long Beach Township	LBI	$1,599,000
New Active	NJOC2003914	604 N Atlantic Ave	Beach Haven	LBI	$1,599,900
New Active	NJOC2000071	1313 S Bay Avenue	Beach Haven	LBI	$1,650,000
New Active	NJOC2003866	120 E Ramapo	Long Beach Township	LBI	$1,699,999
New Active	NJOC2003930	16 E Sailboat	Long Beach Township	LBI	$1,900,000
New Active	NJOC2003896	2421 Long Beach Blvd	Ship Bottom	LBI	$2,200,000
New Active	NJOC2003996	2 E Tennessee	Long Beach Township	LBI	$2,499,999
New Active	NJOC2003854	4209 Ocean	Long Beach Township	LBI	$2,500,000
New Active	NJOC2003852	166-G Marina #G	Long Beach Township	LBI	$5,195,000
Back to Active	NJOC2003898	209 21st	Long Beach Township	LBI	$5,495,000
Price Decrease	NJOC2001888	7 W 29th St	Barnegat Light	LBI	$1,299,000
Price Decrease	NJOC2002334	275 S 2nd St	Surf City	LBI	$1,499,000
Price Decrease	NJOC2003570	125b Long Beach Blvd	Long Beach Township	LBI	$1,999,000
Price Increase	NJOC2002704	84-B Bayview Ave #B	Long Beach Township	LBI	$4,995,000
Active Under Contract	NJOC2003024	204 S Atlantic Ave #301	Beach Haven	LBI	$644,900
Active Under Contract	NJOC2003260	3-A W Louisiana Ave	Long Beach Township	LBI	$699,000
Active Under Contract	NJOC2003840	3 E 20th	Long Beach Township	LBI	$829,000
Active Under Contract	NJOC2003486	1 E Farragut #1A	Long Beach Township	LBI	$999,000
Active Under Contract	NJOC2000237	2014 S Bay Ave	Beach Haven	LBI	$999,000
Active Under Contract	NJOC2000133	2014 S Bay Ave	Beach Haven	LBI	$999,000
Active Under Contract	NJOC2002966	6 W Lavenia Ave	Long Beach Township	LBI	$1,199,000
Active Under Contract	NJOC2002378	16 E Nevada Ave	Long Beach Township	LBI	$1,249,000
Active Under Contract	NJOC2002804	107 29th	Ship Bottom	LBI	$1,299,000
Active Under Contract	NJOC2003438	3 E Middlesex Ave	Harvey Cedars	LBI	$1,399,000
Active Under Contract	NJOC2003442	8401 Long Beach Blvd	Harvey Cedars	LBI	$1,599,000
Active Under Contract	NJOC2000262	1 Thomas Ave	Harvey Cedars	LBI	$1,999,000
Pending	NJOC2003148	314 Coral	Beach Haven	LBI	$1,950
Pending	NJOC2000249	130 Chatsworth Ave #1	Beach Haven	LBI	$609,000
Pending	NJOC2000864	22 Mea Ln	Long Beach Township	LBI	$765,000
Pending	NJOC2001826	14 Amherst	Long Beach Township	LBI	$984,900
Pending	NJOC2003460	2106 N Central Ave	Surf City	LBI	$1,089,000
Pending	NJOC2003480	7115 Long Beach Blvd.	Long Beach Township	LBI	$1,375,000
Pending	NJOC2003104	12 E 8th St	Barnegat Light	LBI	$1,499,000
Pending	NJOC2003750	1070 Long Beach #D	Long Beach Township	LBI	$1,695,000
Pending	NJOC2001622	112 8th St	Beach Haven	LBI	$1,795,000
Pending	NJOC2000556	1 E 22nd St	Long Beach Township	LBI	$1,999,000
Pending	NJOC2003038	120 W Ohio Ave	Long Beach Township	LBI	$2,145,000
Pending	NJOC408496	41 Adrian	Long Beach Township	LBI	$2,499,900
Pending	NJOC2001638	1098-I Long Beach Blvd	Long Beach Township	LBI	$2,550,000
Closed	NJOC2000035	6 Webster	Long Beach Township	LBI	$1,200
Closed	NJOC409770	514-A Engleside Ave #A	Beach Haven	LBI	$455,000
Closed	NJOC2001906	9006 Long Beach Blvd #B	Long Beach Township	LBI	$764,990
Closed	NJOC2001146	345 W 6th St	Ship Bottom	LBI	$839,000
Closed	NJOC2001522	8 W Sand Dune Ln	Long Beach Township	LBI	$860,000
Closed	NJOC410588	314 Centre St	Beach Haven	LBI	$916,000
Closed	NJOC2000716	296 N 4th St	Surf City	LBI	$928,000
Closed	NJOC409186	287 W 19th St	Ship Bottom	LBI	$965,000
Closed	NJOC2002294	10109 Highland	Long Beach Township	LBI	$985,000
Closed	NJOC2002376	333 W 11th St	Ship Bottom	LBI	$999,500
Closed	NJOC2002240	22 Joshua	Long Beach Township	LBI	$1,365,000
Closed	NJOC2001736	241 N 12th St	Surf City	LBI	$1,500,000
Closed	NJOC405712	1086-A Long Beach Blvd.	Long Beach Township	LBI	$1,775,000
Closed	NJOC410384	34 W New York Ave	Long Beach Township	LBI	$2,900,000
Closed	NJOC2001900	43 N 22nd St	Surf City	LBI	$3,300,000
Temporary Off Market	NJOC2002664	1302-1314 Barnegat Ave	Ship Bottom	LBI	$999,000
Withdrawn	NJOC2002116	510 Dock Rd	Beach Haven	LBI	$2,495,000
Canceled	NJOC2001908	701 Central Ave	Ship Bottom	LBI	$0.00
Canceled	NJOC2001228	8602 Sandpiper Ln	Harvey Cedars	LBI	$1,475,000
Expired	NJOC409118	310 S Atlantic Ave #U7	Beach Haven	LBI	$399,000
Expired	NJOC409094	310 S Atlantic Ave #U2	Beach Haven	LBI	$399,000
Expired	NJOC408876	310 S Atlantic Ave	Beach Haven	LBI	$798,000
Expired	NJOC408840	310 S Atlantic Ave	Beach Haven	LBI	$798,000
Expired	NJOC408848	310 S Atlantic Ave #U6, U7, U8, U9A, U9B	Beach Haven	LBI	$2,200,000
Expired	NJOC408854	310 S Atlantic Ave #2,3,6,7,8,9A,9B	Beach Haven	LBI	$2,800,000
Expired	NJOC408930	9 E 5th St	Barnegat Light	LBI	$4,900,000

LBI New Jersey Real Estate Sales Analysis

Once again pending sales outperformed the number of new listings that entered the market. The average price of a new listing was much higher, but there were a few very expensive listings this week which has partly skewed the average. Overall, it was a busy and somewhat balanced week in the market. There are 182 active listings in the MLS this week and 162 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 10/17/2021-10/24/2021 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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