LBI Real Estate Weekly Sales Update 10/22/2023-10/29/2024
- High Tides Digital Marketing
- Oct 29, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 10/22/2023-10/29/2024
LBI Real Estate Weekly Sales Update 10/22/2023-10/29/2024: There were 44 changes to the Long Beach Island real estate market this week, and home sale activity was fairly balanced in the sales market! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
11 new listings entered the market with an average price of $3,065,454
10 listings went under contract with an average listing price of about $1,587,700
8 properties sold on Long Beach Island with an average price of $1,896,875
10 listings saw price reductions in the LBI real estate market and one home increased their listing price
LBI Real Estate Weekly Sales Update 10/22/2023-10/29/2024
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
New Active | NJOC2022106 | 3 Starboard | Long Beach Township | LBI | $1,379,000 |
New Active | NJOC2021974 | 295 N 9th St | Surf City | LBI | $1,380,000 |
New Active | NJOC2021842 | 232 W 16th St | Ship Bottom | LBI | $1,499,000 |
New Active | NJOC2021656 | 356 W 14th St | Ship Bottom | LBI | $1,999,000 |
New Active | NJOC2022104 | 1403 N Long Beach Blvd | Surf City | LBI | $2,625,000 |
New Active | NJOC2022128 | 9 Windward Rd | Long Beach Township | LBI | $3,395,000 |
New Active | NJOC2022052 | 129 E 4th St | Ship Bottom | LBI | $3,399,000 |
New Active | NJOC2022056 | 1201 Seaview (12th St) Ave | Barnegat Light | LBI | $4,200,000 |
New Active | NJOC2022086 | 109-B Long Beach | Long Beach Township | LBI | $4,250,000 |
New Active | NJOC2021502 | 21 W 83rd St | Harvey Cedars | LBI | $4,399,999 |
New Active | NJOC2022024 | 69-C Long Beach Blvd | Long Beach Township | LBI | $5,195,000 |
Back to Active | NJOC2020874 | 25 9th St | Beach Haven | LBI | $1,995,000 |
Price Decrease | NJOC2021516 | 314 Coral | Beach Haven | LBI | $1,950 |
Price Decrease | NJOC2020852 | 510 N Bay Ave #307 | Beach Haven | LBI | $849,999 |
Price Decrease | NJOC2020066 | 1111 Central Ave | Ship Bottom | LBI | $899,000 |
Price Decrease | NJOC2021002 | 110 W Pennsylvania Ave | Long Beach Township | LBI | $1,075,000 |
Price Decrease | NJOC2021878 | 315 W 10th St | Ship Bottom | LBI | $1,149,999 |
Price Decrease | NJOC2021298 | 221 4th St | Beach Haven | LBI | $1,499,000 |
Price Decrease | NJOC2020632 | 358 N 1st St | Surf City | LBI | $1,749,000 |
Price Decrease | NJOC2020706 | 126 E 26th St | Ship Bottom | LBI | $1,799,999 |
Price Decrease | NJOC2021342 | 276 N 12th St | Surf City | LBI | $1,999,000 |
Price Decrease | NJOC2020352 | 256 N 13th St | Surf City | LBI | $2,299,000 |
Price Increase | NJOC2022012 | 146 E Ohio Ave | Long Beach Township | LBI | $8,999,000 |
Active Under Contract | NJOC2021388 | 316 N 8th St | Surf City | LBI | $1,050,000 |
Active Under Contract | NJOC2021792 | 18 E 86th | Long Beach Township | LBI | $1,249,000 |
Active Under Contract | NJOC2020342 | 3 E 9th St | Barnegat Light | LBI | $1,499,000 |
Active Under Contract | NJOC2017606 | 67 Cedars Avenue | Harvey Cedars | LBI | $2,195,000 |
Active Under Contract | NJOC2014014 | 110 Newport Dr | Long Beach Township | LBI | $2,499,000 |
Pending | NJOC2020548 | 2708 Long Beach Blvd #5 | Ship Bottom | LBI | $499,999 |
Pending | NJOC2015334 | 108, 110 N Bay Ave | Beach Haven | LBI | $1,350,000 |
Pending | NJOC2020714 | 21 W 87th St | Long Beach Township | LBI | $1,595,000 |
Pending | NJOC2018660 | 5 E Dayton | Long Beach Township | LBI | $1,695,000 |
Pending | NJOC2021728 | 9 W Ryerson Ln | Long Beach Township | LBI | $2,245,000 |
Closed | NJOC2019298 | 4 E 19th St | Long Beach Township | LBI | $1,400,000 |
Closed | NJOC2020724 | 16 E Wyoming Ave | Long Beach Township | LBI | $1,500,000 |
Closed | NJOC2017382 | 328 N 13th St | Surf City | LBI | $1,600,000 |
Closed | NJOC2020112 | 44 N 12th St | Surf City | LBI | $1,650,000 |
Closed | NJOC2019940 | 12 W 21st St | Barnegat Light | LBI | $1,700,000 |
Closed | NJOC2020064 | 303 W 4th St | Ship Bottom | LBI | $2,000,000 |
Closed | NJOC2018722 | 321 W 16th St | Ship Bottom | LBI | $2,075,000 |
Closed | NJOC2020924 | 2508 Beach | Long Beach Township | LBI | $3,250,000 |
Closed | NJOC2017326 | 67-D Long Beach Blvd | Long Beach Township | LBI | $5,350,000 |
Expired | NJOC2019528 | 9 W Hollybanks | Beach Haven | LBI | $1,259,000 |
Expired | NJOC2017886 | 14 W 3rd St | Barnegat Light | LBI | $2,399,000 |
LBI New Jersey Real Estate Sales Analysis
The LBI real estate sales market activity was more or less even this week. There were 11 new listings and 10 pending sales. As is always the case, there are probably a couple more homes that struck a deal this week, and have not yet updated in the system. The average price of a new listing was one of the highest we have seen, but that number is artificially higher than it should be thanks to several very high-end homes entering the market. There are 130 active listings in the MLS this week and 55 pending sales. Inventory is slightly higher than it has been over the past few months, but it is still far below what it was even a year or two ago! 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 10/22/2023-10/29/2024please 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
