LBI Real Estate Weekly Sales Update 10/23/2022-10/30/2022
- High Tides Digital Marketing
- Oct 30, 2022
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 10/23/2022-10/30/2022
LBI Real Estate Weekly Sales Update 10/23/2022-10/30/2022: There were 58 changes to the Long Beach Island real estate market this week, and overall it was a balanced week. The number of homes for sale on LBI did increase once again by a few units. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
17 new listings entered the market with an average price of $2,098,971
13 listings went under contract with an average listing price of about $2,635,231
15 properties sold on Long Beach Island with an average price of $2,199,933
8 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 10/23/2022-10/30/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2014406 | 1918 N Long Beach Blvd | Surf City | LBI | $1,595,000 |
Coming Soon | NJOC2014320 | 25 E 49th | Long Beach Township | LBI | $1,700,000 |
New Active | NJOC2013666 | 117 E 20th St | Ship Bottom | LBI | $3,500 |
New Active | NJOC2014210 | 124 E 17th St #2 | Ship Bottom | LBI | $419,000 |
New Active | NJOC2014274 | 6110 Long Beach | Long Beach Township | LBI | $980,000 |
New Active | NJOC2014364 | 22 SW 33rd | Long Beach Township | LBI | $999,000 |
New Active | NJOC2014456 | 12 Alexis Pl | Long Beach Township | LBI | $1,049,000 |
New Active | NJOC2014224 | 18 E 20th Street | Long Beach Township | LBI | $1,100,000 |
New Active | NJOC2014482 | 9313 Susan | Long Beach Township | LBI | $1,595,000 |
New Active | NJOC2014376 | 25 N 13th Street | Surf City | LBI | $1,799,000 |
New Active | NJOC2014440 | 6 86th St | Long Beach Township | LBI | $1,825,000 |
New Active | NJOC2014448 | 100 E Colorado | Long Beach Township | LBI | $1,900,000 |
New Active | NJOC2014462 | 1512 S Beach Ave | Beach Haven | LBI | $2,275,000 |
New Active | NJOC2014156 | 116 E Jerome Ave | Long Beach Township | LBI | $2,495,000 |
New Active | NJOC2014286 | 110 E Jeanette Ave | Long Beach Township | LBI | $3,650,000 |
New Active | NJOC2014454 | 356 Dusty Miller Dr | Long Beach Township | LBI | $3,799,000 |
New Active | NJOC2014470 | 59-D Long Beach Blvd | Long Beach Township | LBI | $8,499,000 |
Price Decrease | NJOC2014026 | 375 W 6th St | Ship Bottom | LBI | $799,999 |
Price Decrease | NJOC2013504 | 3 Bay Shore Rd | Long Beach Township | LBI | $1,150,000 |
Price Decrease | NJOC2013566 | 106 E 24th St | Long Beach Township | LBI | $1,199,000 |
Price Decrease | NJOC2014060 | 116 5th St | Beach Haven | LBI | $1,899,000 |
Price Decrease | NJOC2012954 | 9 Lange Ave | Harvey Cedars | LBI | $2,399,000 |
Price Decrease | NJOC2003640 | 275 W 27th St | Ship Bottom | LBI | $2,549,000 |
Price Decrease | NJOC2011466 | 5 E 79th St | Harvey Cedars | LBI | $2,895,000 |
Price Decrease | NJOC2013610 | 10 11th St | Beach Haven | LBI | $4,595,000 |
Active Under Contract | NJOC2012416 | 19 20th | Long Beach Township | LBI | $1,449,000 |
Active Under Contract | NJOC2009024 | 45 N 15th St | Surf City | LBI | $1,549,000 |
Active Under Contract | NJOC2013996 | 6703 Ocean Blvd | Long Beach Township | LBI | $5,795,000 |
Pending | NJOC2014306 | 501 Amber St | Beach Haven | LBI | $895,000 |
Pending | NJOC2013328 | 9 Mea Ln | Long Beach Township | LBI | $999,000 |
Pending | NJOC2010906 | 17 W Beck Ave | Long Beach Township | LBI | $1,099,000 |
Pending | NJOC2010166 | 1102-A Long Beach Blvd | Long Beach Township | LBI | $1,349,000 |
Pending | NJOC2012570 | 6203 Long Beach Blvd | Long Beach Township | LBI | $1,575,000 |
Pending | NJOC2013104 | 1801 Long Beach Blvd | Beach Haven | LBI | $1,599,000 |
Pending | NJOC2014202 | 112 E Florida Ave | Long Beach Township | LBI | $1,600,000 |
Pending | NJOC2013970 | 216 Fairview Ave | Beach Haven | LBI | $1,999,000 |
Pending | NJOC2005598 | 1017-C Long Beach Blvd | Long Beach Township | LBI | $5,850,000 |
Pending | NJOC2011264 | 12312 Old Whaling | Beach Haven | LBI | $8,500,000 |
Closed | NJOC2007580 | 533-G Engleside Ave #G | Beach Haven | LBI | $475,000 |
Closed | NJOC2011412 | 204 S Atlantic Ave | Beach Haven | LBI | $580,000 |
Closed | NJOC2013166 | 64 W 80th St | Harvey Cedars | LBI | $875,000 |
Closed | NJOC2009444 | 9 Adrian | Long Beach Township | LBI | $1,075,000 |
Closed | NJOC2010170 | 10101 Beach Ave | Long Beach Township | LBI | $1,200,000 |
Closed | NJOC2012874 | 1937 W Bay Ter | Ship Bottom | LBI | $1,599,000 |
Closed | NJOC2006772 | 7-A W 82nd St | Harvey Cedars | LBI | $1,690,000 |
Closed | NJOC2012474 | 1044-D Long Beach Blvd | Long Beach Township | LBI | $1,775,000 |
Closed | NJOC2013022 | 17 Beacon Dr | Long Beach Township | LBI | $2,285,000 |
Closed | NJOC2009692 | 134 E 10 Th St | Beach Haven | LBI | $2,425,000 |
Closed | NJOC2009690 | 316 Beach Plum Drive | Long Beach Township | LBI | $2,625,000 |
Closed | NJOC2013168 | 9 E 86th St | Harvey Cedars | LBI | $3,100,000 |
Closed | NJOC2009658 | 204 21st | Long Beach Township | LBI | $3,700,000 |
Closed | NJOC2010240 | 12315 Ocean Avenue | Long Beach Township | LBI | $4,600,000 |
Closed | NJOC2013570 | 1049-C Long Beach | Long Beach Township | LBI | $4,995,000 |
Temporary Off Market | NJOC2013500 | 324 N 2nd St | Surf City | LBI | $1,399,000 |
Withdrawn | NJOC2013476 | 4010 Long Beach Blvd | Long Beach Township | LBI | $1,300.00 |
Canceled | NJOC2010172 | 10101 Beach Ave | Long Beach Township | LBI | $1,299,000 |
Canceled | NJOC2014078 | 7 W 51st | Long Beach Township | LBI | $1,299,000 |
Canceled | NJOC2014136 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,475,000 |
LBI New Jersey Real Estate Sales Analysis
As we have seen for the past several weeks, the number of homes for sale in the LBI real estate market increased. That said, it was a very small increase and overall the market still looks to be balancing out. The number of price reductions, while higher than a few months ago, dropped compared to recent weeks. It would appear that many of the price drops we have seen were from sellers looking to push the market, and have now dropped to a more accurate price (which will most likely sell the home). There are 148 active listings in the MLS this week and 77 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 10/23/2022-10/30/2022 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
