LBI Real Estate Weekly Sales Update 11/1/2021-11/7/2021
- High Tides Digital Marketing
- Nov 7, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/1/2021-11/7/2021
LBI Real Estate Weekly Sales Update 11/1/2021-11/7/2021: While overall activity was less this week, the number of new listings to enter the market was much higher! 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. It is good news for buyers in that there was a net increase in the inventory levels. This is the first time in weeks this has been the case! You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,902,745
15 listings went under contract with an average listing price of about $1,709,860
17 properties sold on Long Beach Island with an average price of $1,421,176
7 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 11/1/2021-11/7/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2004426 | 10 N 2nd St | Surf City | LBI | $3,595,000 |
New Active | NJOC2004450 | 111 W 18th St #2 | Ship Bottom | LBI | $409,000 |
New Active | NJOC2004422 | 111 W 18th St | Ship Bottom | LBI | $409,000 |
New Active | NJOC2004306 | 2020 E Long Beach Blvd #C-2 | Ship Bottom | LBI | $499,000 |
New Active | NJOC2001204 | 1412 Long Beach #A | Long Beach Township | LBI | $550,000 |
New Active | NJOC2004168 | 1412 Long Beach #B | Long Beach Township | LBI | $575,000 |
New Active | NJOC2004418 | 310 W West Ave #2J | Beach Haven | LBI | $750,000 |
New Active | NJOC2004292 | 28 W Jacqueline | Long Beach Township | LBI | $879,000 |
New Active | NJOC2004342 | 245 S 2nd St | Surf City | LBI | $939,000 |
New Active | NJOC2004388 | 15 W 16th | Long Beach Township | LBI | $949,500 |
New Active | NJOC2004372 | 57 Auburn | Long Beach Township | LBI | $1,099,900 |
New Active | NJOC2004354 | 134 W Maryland | Long Beach Township | LBI | $1,300,000 |
New Active | NJOC2004214 | 72 Auburn Rd | Long Beach Township | LBI | $1,495,000 |
New Active | NJOC2004314 | 218 Stratford Ave | Beach Haven | LBI | $1,799,000 |
New Active | NJOC2004320 | 9 W Holgate Ave | Long Beach Township | LBI | $2,099,000 |
New Active | NJOC2004324 | 7 & 9 W 29th St | Barnegat Light | LBI | $2,199,000 |
New Active | NJOC2004344 | 386 N 5th St | Surf City | LBI | $2,316,000 |
New Active | NJOC2004302 | 84 W California | Long Beach Township | LBI | $3,000,000 |
New Active | NJOC2004296 | 84 W California | Long Beach Township | LBI | $3,000,000 |
New Active | NJOC2004412 | 5308-G Long Beach Blvd | Harvey Cedars | LBI | $3,499,000 |
New Active | NJOC2004394 | 6808 Suffolk Pl | Harvey Cedars | LBI | $3,499,999 |
New Active | NJOC2003864 | 131-C Long Beach Blvd | Long Beach Township | LBI | $6,999,000 |
Back to Active | NJOC2001056 | 3 E Seabreeze | Long Beach Township | LBI | $1,224,900 |
Back to Active | NJOC2001036 | 3 E Seabreeze | Long Beach Township | LBI | $1,224,900 |
Back to Active | NJOC2003028 | 1118-B Long Beach #B | Long Beach Township | LBI | $1,649,000 |
Price Decrease | NJOC408802 | 510 N Bay Ave #104 | Beach Haven | LBI | $279,000 |
Price Decrease | NJOC2003982 | 8 W Jacqueline Ave | Long Beach Township | LBI | $865,000 |
Price Decrease | NJOC2004132 | 230 Fairview Ave | Beach Haven | LBI | $1,199,000 |
Price Decrease | NJOC2002334 | 275 S 2nd St | Surf City | LBI | $1,399,000 |
Price Decrease | NJOC2000071 | 1313 S Bay Avenue | Beach Haven | LBI | $1,450,000 |
Price Decrease | NJOC2002956 | 3205 Ocean | Long Beach Township | LBI | $2,349,000 |
Price Decrease | NJOC409420 | 3205 Ocean Blvd | Long Beach Township | LBI | $3,449,000 |
Active Under Contract | NJOC401908 | 208 N Bay Ave | Beach Haven | LBI | $869,000 |
Active Under Contract | NJOC2000139 | 17 Washington | Long Beach Township | LBI | $949,900 |
Active Under Contract | NJOC410410 | 5 W S 32nd | Long Beach Township | LBI | $1,999,000 |
Active Under Contract | NJOC408488 | 126 E Texas | Long Beach Township | LBI | $3,849,999 |
Pending | NJOC2004312 | 2020 E Long Beach Blvd #C-1 | Ship Bottom | LBI | $499,000 |
Pending | NJOC2000087 | 510 N Bay Ave #202 | Beach Haven | LBI | $899,000 |
Pending | NJOC2003544 | 217 N 10th St | Surf City | LBI | $899,000 |
Pending | NJOC2002858 | 2 W Jeanette | Long Beach Township | LBI | $1,195,000 |
Pending | NJOC2003416 | 22 Nevada | Long Beach Township | LBI | $1,199,000 |
Pending | NJOC2003026 | 342 N 2nd St | Surf City | LBI | $1,250,000 |
Pending | NJOC2003060 | 6 W Mears Avenue W | Long Beach Township | LBI | $1,350,000 |
Pending | NJOC2000212 | 13015 Bayview | Long Beach Township | LBI | $1,599,000 |
Pending | NJOC410162 | 5205 West Ave | Long Beach Township | LBI | $2,495,000 |
Pending | NJOC2002118 | 2117 Ocean Ter | Ship Bottom | LBI | $2,600,000 |
Pending | NJOC2003670 | 3405 S Long Beach | Long Beach Township | LBI | $3,995,000 |
Closed | NJOC2000215 | 1000 N Bay Ave #18 | Beach Haven | LBI | $2,000 |
Closed | NJOC2001562 | 514 Engleside Ave #D | Beach Haven | LBI | $420,000 |
Closed | NJOC407678 | 310 N Bay Ave | Beach Haven | LBI | $925,000 |
Closed | NJOC2001274 | 1201 S Bay Ave | Beach Haven | LBI | $999,000 |
Closed | NJOC410328 | 20 Buckingham Ave | Harvey Cedars | LBI | $1,070,000 |
Closed | NJOC2002246 | 408 N Atlantic Ave | Beach Haven | LBI | $1,100,000 |
Closed | NJOC2002252 | 4 W 20th St | Barnegat Light | LBI | $1,200,000 |
Closed | NJOC2004360 | 28 E 25th Street | Long Beach Township | LBI | $1,250,000 |
Closed | NJOC2000832 | 22 E Texas | Long Beach Township | LBI | $1,400,000 |
Closed | NJOC2001700 | 1096-B Long Beach Blvd | Long Beach Township | LBI | $1,410,000 |
Closed | NJOC2002570 | 130 E 7th St | Ship Bottom | LBI | $1,499,000 |
Closed | NJOC401398 | 13 W Harding | Long Beach Township | LBI | $1,525,000 |
Closed | NJOC2002328 | 38 N 22nd St | Surf City | LBI | $1,660,000 |
Closed | NJOC2002164 | 27 3rd St | Beach Haven | LBI | $1,700,000 |
Closed | NJOC2001868 | 9 E 27th St | Barnegat Light | LBI | $1,725,000 |
Closed | NJOC2003358 | 131 5th St | Beach Haven | LBI | $2,150,000 |
Closed | NJOC2002638 | 116 E 11th St | Ship Bottom | LBI | $4,125,000 |
Temporary Off Market | NJOC2004070 | 119 Dolphin Ave | Beach Haven | LBI | $2,589,000 |
Withdrawn | NJOC410462 | 5 W 38th #U2 | Long Beach Township | LBI | $719,000 |
Withdrawn | NJOC2001730 | 1096-B Long Beach Blvd | Long Beach Township | LBI | $1,600,000 |
Withdrawn | NJOC2001726 | 1096-B Long Beach Blvd | Long Beach Township | LBI | $1,600,000 |
Expired | NJOC409282 | 5 E Louisiana Ave | Long Beach Township | LBI | $1,195,000 |
Expired | NJOC395792 | 8701 Long Beach Boulevard | Long Beach Township | LBI | $1,350,000 |
Expired | NJOC409808 | 2 E 5th St | Barnegat Light | LBI | $1,499,000 |
Expired | NJOC2002114 | 117 N 1st St | Surf City | LBI | $1,799,000 |
Expired | NJOC2001712 | 11 E So. 31st St | Long Beach Township | LBI | $1,849,000 |
LBI New Jersey Real Estate Sales Analysis
It was great to see some more inventory enter the market this week. While the gains are limited, the number of homes for sale on LBI is currently at a higher point than we have seen in a long time. That said, There are 189 active listings in the MLS this week and 150 pending sales so the market is at best, balanced. There were 7 price drops this week which has been about the norm, but still higher than we saw a few months ago so it could be a sign that the market pricing has reached a peak, at least for now. 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 11/1/2021-11/7/2021 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
