LBI Real Estate Weekly Sales Update 10/30/2022-11/6/2022
- High Tides Digital Marketing
- Nov 6, 2022
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 09/05/2021-09/12/2021
LBI Real Estate Weekly Sales Update 10/30/2022-11/6/2022: With 62 changes to the Long Beach Island real estate market, the overall sales picture continues to balance out for buyers and sellers. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
14 new listings entered the market with an average price of $1,981,493
12 listings went under contract with an average listing price of about $1,661,075
15 properties sold on Long Beach Island with an average price of $1,514,960
10 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 10/30/2022-11/6/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
New Active | NJOC2014628 | 12 E 78th St #7 | Harvey Cedars | LBI | $139,900 |
New Active | NJOC2014614 | 401 Broadway #10 | Barnegat Light | LBI | $449,000 |
New Active | NJOC2014556 | 9323 Mark Dr | Long Beach Township | LBI | $1,198,500 |
New Active | NJOC2014406 | 1918 N Long Beach Blvd | Surf City | LBI | $1,595,000 |
New Active | NJOC2014496 | 1 W Joshua | Long Beach Township | LBI | $1,599,000 |
New Active | NJOC2014506 | 1926 W Bay Ter | Ship Bottom | LBI | $1,600,000 |
New Active | NJOC2014570 | 11 James St | Harvey Cedars | LBI | $1,895,000 |
New Active | NJOC2014524 | 1512 S Beach Ave | Beach Haven | LBI | $2,275,000 |
New Active | NJOC2009420 | 6203 Bayview Ave | Long Beach Township | LBI | $2,550,000 |
New Active | NJOC2014354 | 10101 Beach Ave | Long Beach Township | LBI | $2,595,000 |
New Active | NJOC2014528 | 32 N 14th St | Surf City | LBI | $2,599,000 |
New Active | NJOC2013968 | 5614 Holly Ave | Harvey Cedars | LBI | $2,949,000 |
New Active | NJOC2013396 | 14 W 74th St | Harvey Cedars | LBI | $2,997,500 |
New Active | NJOC2014580 | 12400 Ocean Ave | Long Beach Township | LBI | $3,299,000 |
Price Decrease | NJOC2014210 | 124 E 17th St #2 | Ship Bottom | LBI | $399,000 |
Price Decrease | NJOC2013484 | 310 W West Ave #K-3 | Beach Haven | LBI | $729,000 |
Price Decrease | NJOC2014034 | 237 W 7th St | Ship Bottom | LBI | $769,000 |
Price Decrease | NJOC2014042 | 15 W 8th St | Barnegat Light | LBI | $999,000 |
Price Decrease | NJOC2013516 | 3 Olsen Ave | Harvey Cedars | LBI | $1,299,999 |
Price Decrease | NJOC2012170 | 319 W 8th St | Ship Bottom | LBI | $1,500,000 |
Price Decrease | NJOC2013040 | 108 W Culver Ave | Long Beach Township | LBI | $1,649,000 |
Price Decrease | NJOC2013876 | 222 N 19th St | Surf City | LBI | $1,895,000 |
Price Decrease | NJOC2012168 | 31-W New York | Long Beach Township | LBI | $2,025,000 |
Price Decrease | NJOC2012952 | 3 E 20th St | Long Beach Township | LBI | $2,549,999 |
Price Increase | NJOC2009436 | 29 Bayberry | Long Beach Township | LBI | $1,199,000 |
Price Increase | NJOC2014320 | 25 E 49th | Long Beach Township | LBI | $1,999,000 |
Price Increase | NJOC2011966 | 115 E Mermaid | Long Beach Township | LBI | $2,974,995 |
Active Under Contract | NJOC2013908 | 205 W 27th St | Ship Bottom | LBI | $975,900 |
Active Under Contract | NJOC2013798 | 7 E 68th St | Harvey Cedars | LBI | $1,799,000 |
Active Under Contract | NJOC2014310 | 100 E Colorado | Long Beach Township | LBI | $1,900,000 |
Active Under Contract | NJOC2011532 | 1915 Long Beach Blvd | Ship Bottom | LBI | $1,995,000 |
Pending | NJOC2011612 | 325 9th St | Beach Haven | LBI | $109,000 |
Pending | NJOC2011286 | 270 W 16th St | Ship Bottom | LBI | $969,000 |
Pending | NJOC2014106 | 3 W Paulding | Long Beach Township | LBI | $1,179,999 |
Pending | NJOC2007356 | 2602 Long Beach Blvd | Ship Bottom | LBI | $1,395,000 |
Pending | NJOC2010888 | 17 Magnolia | Long Beach Township | LBI | $1,950,000 |
Pending | NJOC2013670 | 6805 Kent Pl | Harvey Cedars | LBI | $2,395,000 |
Pending | NJOC2012022 | 126 Amber St | Beach Haven | LBI | $2,500,000 |
Pending | NJOC2009090 | 134 Belvoir Ave | Beach Haven | LBI | $2,765,000 |
Closed | NJOC2010590 | 1410 Atlantic Ave #1ST FLOOR | Long Beach Township | LBI | $1,900 |
Closed | NJOC2009724 | 137 E Maryland Avenue #2 | Long Beach Township | LBI | $352,000 |
Closed | NJOC2012758 | 310 West Ave #C-1 | Beach Haven | LBI | $650,000 |
Closed | NJOC2013542 | 901 Ocean Ave #919 | Ship Bottom | LBI | $776,500 |
Closed | NJOC2012580 | 6 W 20th St | Barnegat Light | LBI | $810,000 |
Closed | NJOC2013408 | 1 E 11th St | Barnegat Light | LBI | $975,000 |
Closed | NJOC2012844 | 612 Shore Ave | Ship Bottom | LBI | $975,000 |
Closed | NJOC2012474 | 1044-D Long Beach Blvd | Long Beach Township | LBI | $1,775,000 |
Closed | NJOC2013206 | 122 E 29th St | Ship Bottom | LBI | $1,925,000 |
Closed | NJOC2012174 | 125 E Mac Evoy Ln | Long Beach Township | LBI | $2,100,000 |
Closed | NJOC2004118 | 16 W 18th St | Long Beach Township | LBI | $2,199,000 |
Closed | NJOC2013198 | 8004 Bay Ter | Harvey Cedars | LBI | $2,200,000 |
Closed | NJOC2011362 | 120 E Cape Cod | Long Beach Township | LBI | $2,350,000 |
Closed | NJOC2009692 | 134 E 10 Th St | Beach Haven | LBI | $2,425,000 |
Closed | NJOC2012726 | 14 E Gloucester Ave | Harvey Cedars | LBI | $3,210,000 |
Temporary Off Market | NJOC2013736 | 907 N Central Ave | Surf City | LBI | $1,300,000 |
Withdrawn | NJOC2014086 | 1220 Central Ave | Ship Bottom | LBI | $999,000 |
Withdrawn | NJOC2014498 | 25 E 49th | Long Beach Township | LBI | $1,999,000 |
Withdrawn | NJOC2011186 | 2510 N Atlantic Ave | Long Beach Township | LBI | $1,999,000 |
Withdrawn | NJOC2010856 | 1208 S Beach Ave | Beach Haven | LBI | $2,490,000 |
Expired | NJOC2008196 | 144-B Long Beach | Long Beach Township | LBI | $2,299,000 |
Expired | NJOC2012152 | 119 Dolphin Ave | Beach Haven | LBI | $2,800,000 |
Expired | NJOC2011320 | 67 Long Beach Blvd | Long Beach Township | LBI | $13,900,000 |
LBI New Jersey Real Estate Sales Analysis
The LBI real estate market continues to balance out. While there were once again more new listings than pending sales, it is important to note that 8 listings left the market for other reasons (being withdrawn or expired for example)/ Therefore, a total of 20 listings left the market and were replaced by only 14 new homes. This kind of activity will keep the market in balance for the foreseeable future. While interest rates rose last week, this has been expected and many say will have minimal impact on the cost of a mortgage (compared at least to the rise we have seen). Overall, the LBI real estate market is still looking very strong and real estate continues to be a worthwhile investment. There are 147 active listings in the MLS this week and 75 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 10/30/2022-11/6/2022 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
