LBI Real Estate Weekly Sales Update 10/9/2022-10/16/2022
- High Tides Digital Marketing
- Oct 17, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 10/9/2022-10/16/2022
LBI Real Estate Weekly Sales Update 10/9/2022-10/16/2022: There were 61 changes to the Long Beach Island real estate market this week, and the vast majority were either new listings or price reductions! Clearly, and probably thanks in part to the rise in interest rates, the LBI real estate market has changed to a more balanced 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. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,896,017
10 listings went under contract with an average listing price of about $2,197,790
7 properties sold on Long Beach Island with an average price of $2,361,429
15 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 10/9/2022-10/16/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
New Active | NJOC2014138 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,475 |
New Active | NJOC2014034 | 237 W 7th St | Ship Bottom | LBI | $795,000 |
New Active | NJOC2014028 | 375 W 6th St | Ship Bottom | LBI | $849,000 |
New Active | NJOC2014026 | 375 W 6th St | Ship Bottom | LBI | $849,000 |
New Active | NJOC2013908 | 205 W 27th St | Ship Bottom | LBI | $975,900 |
New Active | NJOC2014086 | 1220 Central Ave | Ship Bottom | LBI | $999,000 |
New Active | NJOC2014042 | 15 W 8th St | Barnegat Light | LBI | $1,100,000 |
New Active | NJOC2013950 | 319 S 3rd St | Surf City | LBI | $1,150,000 |
New Active | NJOC2014106 | 3 W Paulding | Long Beach Township | LBI | $1,179,999 |
New Active | NJOC2014078 | 7 W 51st | Long Beach Township | LBI | $1,299,000 |
New Active | NJOC2014134 | 1715 N Long Beach Blvd | Surf City | LBI | $1,399,000 |
New Active | NJOC2014136 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,475,000 |
New Active | NJOC2014068 | 1 Cedars Ave | Harvey Cedars | LBI | $1,679,000 |
New Active | NJOC2014070 | 17 Lange Ave | Harvey Cedars | LBI | $1,699,000 |
New Active | NJOC2013798 | 7 E 68th St | Harvey Cedars | LBI | $1,799,000 |
New Active | NJOC2013662 | 57 Bayview Ave | Long Beach Township | LBI | $1,895,000 |
New Active | NJOC2014060 | 116 5th St | Beach Haven | LBI | $1,999,000 |
New Active | NJOC2014016 | 114 Amber St | Beach Haven | LBI | $2,425,000 |
New Active | NJOC2013940 | 126 E 22nd | Long Beach Township | LBI | $2,600,000 |
New Active | NJOC2012694 | 2 Tennessee | Long Beach Township | LBI | $2,750,000 |
New Active | NJOC2013996 | 6703 Ocean Blvd | Long Beach Township | LBI | $5,795,000 |
New Active | NJOC2013528 | 12 E 30th St | Barnegat Light | LBI | $6,999,000 |
Back to Active | NJOC2003640 | 275 W 27th St | Ship Bottom | LBI | $2,599,000 |
Price Decrease | NJOC2013136 | 900 N Beach Ave #8 | Beach Haven | LBI | $550,000 |
Price Decrease | NJOC2013484 | 310 W West Ave #K-3 | Beach Haven | LBI | $759,000 |
Price Decrease | NJOC2011286 | 270 W 16th St | Ship Bottom | LBI | $969,000 |
Price Decrease | NJOC2012822 | 14 W Bayberry Dr | Long Beach Township | LBI | $999,000 |
Price Decrease | NJOC2010906 | 17 W Beck Ave | Long Beach Township | LBI | $1,099,000 |
Price Decrease | NJOC2011062 | 12 Harding Ave #UNIT EAST | Long Beach Township | LBI | $1,100,000 |
Price Decrease | NJOC2011064 | 12 Harding Ave #UNIT WEST | Long Beach Township | LBI | $1,150,000 |
Price Decrease | NJOC2013566 | 106 E 24th St | Long Beach Township | LBI | $1,275,000 |
Price Decrease | NJOC2013516 | 3 Olsen Ave | Harvey Cedars | LBI | $1,350,000 |
Price Decrease | NJOC2013660 | 1808 S Bay Ave | Beach Haven | LBI | $1,375,000 |
Price Decrease | NJOC2012416 | 19 20th | Long Beach Township | LBI | $1,449,000 |
Price Decrease | NJOC2011508 | 12 Harding | Long Beach Township | LBI | $2,200,000 |
Price Decrease | NJOC2013216 | 7 W Cumberland Ave | Harvey Cedars | LBI | $2,495,000 |
Price Decrease | NJOC2009684 | 5 E 85th St | Harvey Cedars | LBI | $2,599,000 |
Price Decrease | NJOC2013610 | 10 11th St | Beach Haven | LBI | $4,895,000 |
Active Under Contract | NJOC2013670 | 6805 Kent Pl | Harvey Cedars | LBI | $2,395,000 |
Active Under Contract | NJOC2014160 | 44 N 7th Street | Surf City | LBI | $2,799,000 |
Pending | NJOC2012150 | 1412 A Long Beach Blvd #A | Long Beach Township | LBI | $679,000 |
Pending | NJOC2012748 | 2307 Central Ave | Barnegat Light | LBI | $850,000 |
Pending | NJOC2013408 | 1 E 11th St | Barnegat Light | LBI | $965,000 |
Pending | NJOC2013752 | 203 18th | Long Beach Township | LBI | $1,249,900 |
Pending | NJOC2013568 | 146-C Long Beach | Long Beach Township | LBI | $2,250,000 |
Pending | NJOC2009690 | 316 Beach Plum Drive | Long Beach Township | LBI | $2,695,000 |
Pending | NJOC2013168 | 9 E 86th St | Harvey Cedars | LBI | $3,200,000 |
Pending | NJOC2010240 | 12315 Ocean Avenue | Long Beach Township | LBI | $4,895,000 |
Closed | NJOC2011620 | 40 W 4th St #9 | Barnegat Light | LBI | $1,325,000 |
Closed | NJOC2009962 | 25 Anderson Ln | Long Beach Township | LBI | $1,350,000 |
Closed | NJOC2012656 | 129 E 26th St | Ship Bottom | LBI | $1,525,000 |
Closed | NJOC2012794 | 6801 Norfolk Pl | Harvey Cedars | LBI | $2,205,000 |
Closed | NJOC2013734 | 123 Coral St | Beach Haven | LBI | $2,275,000 |
Closed | NJOC2011002 | 12 East Middlesex Ave | Harvey Cedars | LBI | $3,600,000 |
Closed | NJOC2010266 | 166-G Marina #G | Long Beach Township | LBI | $4,250,000 |
Withdrawn | NJOC2012072 | 113 E 21st | Long Beach Township | LBI | $2,200,000 |
Canceled | NJOC2010348 | 1 Cedars Ave | Harvey Cedars | LBI | $1,629,000 |
Expired | NJOC403664 | 110 N Bay Ave | Beach Haven | LBI | $699,000 |
Expired | NJOC403662 | 108 N Bay Ave | Beach Haven | LBI | $899,000 |
Expired | NJOC406516 | 202 W S Ave | Beach Haven | LBI | $2,499,999 |
Expired | NJOC2009978 | 6703 Ocean | Long Beach Township | LBI | $5,795,000 |
LBI New Jersey Real Estate Sales Analysis
While this week saw a near record number of price drops and new listings, the LBI real estate sales market is still incredibly strong. Inventory is near record lows and buyer confidence remains high. Far from a crash, this is a more balanced market which had to happen at some point. There are 139 active listings in the MLS this week and 84 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 10/9/2022-10/16/2022 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
