LBI Real Estate Weekly Sales Update 10/8/2023-10/15/2023
- High Tides Digital Marketing
- Oct 15, 2023
- 3 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 10/8/2023-10/15/2023
LBI Real Estate Weekly Sales Update 10/8/2023-10/15/2023: There were only 38 changes to the Long Beach Island real estate market this week. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
9 new listings entered the market with an average price of $2,385,555
5 listings went under contract with an average listing price of about $2,844,400
5 properties sold on Long Beach Island with an average price of $1,577,500
8 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 10/8/2023-10/15/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price |
New Active | NJOC2021908 | 315 W 11th St | Ship Bottom | $999,000 |
New Active | NJOC2021792 | 18 E 86th | Long Beach Township | $1,249,000 |
New Active | NJOC2021878 | 315 W 10th St | Ship Bottom | $1,249,999 |
New Active | NJOC2021794 | 446 Amber St | Beach Haven | $1,325,000 |
New Active | NJOC2021736 | 8 W 27th St | Barnegat Light | $1,399,000 |
New Active | NJOC2021250 | 8211 Long Beach Blvd | Long Beach Township | $1,399,000 |
New Active | NJOC2021900 | 1302 Central Ave | Barnegat Light | $2,149,000 |
New Active | NJOC2021256 | 1010-G Long Beach Blvd | Long Beach Township | $5,350,000 |
New Active | NJOC2021808 | 110 E Jeanette Ave | Long Beach Township | $6,350,000 |
Back to Active | NJOC2018814 | 12900 Long Beach | Long Beach Township | $499,000 |
Back to Active | NJOC2015468 | 34 W Carolina Ave | Long Beach Township | $999,000 |
Back to Active | NJOC2015462 | 34 W Carolina Ave | Long Beach Township | $999,000 |
Price Decrease | NJOC2021516 | 314 Coral | Beach Haven | $1,995 |
Price Decrease | NJOC2021666 | 265 W 12th St | Ship Bottom | $2,000 |
Price Decrease | NJOC2020596 | 510 N Bay Ave #203 | Beach Haven | $849,000 |
Price Decrease | NJOC2019008 | 243 W 11th St | Ship Bottom | $975,000 |
Price Decrease | NJOC2020696 | 15 E 25th | Long Beach Township | $1,245,000 |
Price Decrease | NJOC2021248 | 233 N 1st St | Surf City | $1,999,999 |
Price Decrease | NJOC2019978 | 3 Olsen Ave | Harvey Cedars | $2,799,999 |
Price Decrease | NJOC2016796 | 168-F W Long Beach | Long Beach Township | $3,299,000 |
Active Under Contract | NJOC2020714 | 21 W 87th St | Long Beach Township | $1,595,000 |
Active Under Contract | NJOC2021280 | 5 W 81st St | Harvey Cedars | $1,599,000 |
Pending | NJOC2020662 | 7301 Long Beach #D25 | Long Beach Township | $779,000 |
Pending | NJOC2021024 | 3 E 20th St | Long Beach Township | $2,749,000 |
Pending | NJOC2017326 | 67-D Long Beach Blvd | Long Beach Township | $7,500,000 |
Closed | NJOC2020822 | 7301 Long Beach Blvd #A3 | Long Beach Township | $825,000 |
Closed | NJOC2020134 | 2910 Beach Ave | Long Beach Township | $1,150,000 |
Closed | NJOC2019012 | 6 W McKinley Ave. | Long Beach Township | $1,325,000 |
Closed | NJOC2019150 | 129 32nd | Long Beach Township | $1,900,000 |
Closed | NJOC2015816 | 214 2nd St E | Beach Haven | $2,687,500 |
Withdrawn | NJOC2021450 | 5300 West Ave | Long Beach Township | $1,510,000 |
Expired | NJOC2017748 | 100 N. West Ave Ave | Beach Haven | $165,000 |
Expired | NJOC2018406 | 229 3rd St | Beach Haven | $799,000 |
Expired | NJOC2018404 | 229 3rd St | Beach Haven | $799,000 |
Expired | NJOC2018402 | 229 3rd St | Beach Haven | $799,000 |
Expired | NJOC2019836 | 1611 Beach Ave | Long Beach Township | $2,299,000 |
Expired | NJOC2019646 | 5909 Ocean Blvd | Long Beach Township | $2,400,000 |
Expired | NJOC2015964 | 122 Amber St | Beach Haven | $2,499,000 |
LBI New Jersey Real Estate Sales Analysis
There was another welcomed gain in inventory this week, but with a net of only 4 more homes on the market this week, the dynamics of the LBI real estate market remain little changed. Interestingly enough, there were a higher-than-average number of price reductions this week. This is something to watch. There are 126 active listings in the MLS this week and 56 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 10/8/2023-10/15/2023 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
