LBI Real Estate Weekly Sales Update 11/12/2023-11/19/2023
- High Tides Digital Marketing
- Nov 19, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/12/2023-11/19/2023
LBI Real Estate Weekly Sales Update 11/12/2023-11/19/2023: There were 40 changes to the LBI real estate sales market this week, which is a pretty standard amount of activity these days. The market was once again in balance with new listings and pending sales. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,393,657
9 listings went under contract with an average listing price of about $2,242,656
11 properties sold on Long Beach Island with an average price of $1,757,500
6 listings saw price reductions in the LBI real estate market and one home saw a price increase
LBI Real Estate Weekly Sales Update 11/12/2023-11/19/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Area | Current Price |
Coming Soon | NJOC2022430 | 6 34th | Long Beach Township | LBI | $1,169,999 |
New Active | NJOC2022520 | 6 Webster | Long Beach Township | LBI | $1,300 |
New Active | NJOC2022492 | 28 W New Jersey Ave #E | Long Beach Township | LBI | $439,000 |
New Active | NJOC2022382 | 232 W 17th St | Ship Bottom | LBI | $625,000 |
New Active | NJOC2022384 | 234 W 17th St | Ship Bottom | LBI | $800,000 |
New Active | NJOC2022466 | 2420 Long Beach Blvd | Ship Bottom | LBI | $1,099,000 |
New Active | NJOC2022504 | 12114 Beach Ave | Long Beach Township | LBI | $1,765,000 |
New Active | NJOC2022420 | 13 E 16th St | Long Beach Township | LBI | $1,995,000 |
New Active | NJOC2022450 | 107 E New York Ave | Long Beach Township | LBI | $1,999,910 |
New Active | NJOC2022518 | 18 E Sand Dune | Long Beach Township | LBI | $2,650,000 |
Back to Active | NJOC2020486 | 411 N 3rd St | Surf City | LBI | $2,099,000 |
Price Decrease | NJOC2020596 | 510 N Bay Ave #203 | Beach Haven | LBI | $799,999 |
Price Decrease | NJOC2021878 | 315 W 10th St | Ship Bottom | LBI | $999,900 |
Price Decrease | NJOC2021732 | 13 E Jeanette Ave | Long Beach Township | LBI | $1,079,000 |
Price Decrease | NJOC2021642 | 139 E 24th St | Ship Bottom | LBI | $1,599,000 |
Price Decrease | NJOC2021098 | 113 W Hobart Ave | Long Beach Township | LBI | $2,649,000 |
Price Decrease | NJOC2019978 | 3 Olsen Ave | Harvey Cedars | LBI | $2,725,000 |
Price Increase | NJOC2020966 | 3 E Surf Ave | Long Beach Township | LBI | $2,699,000 |
Active Under Contract | NJOC2020784 | 202 E Chatsworth Ave | Beach Haven | LBI | $1,599,000 |
Active Under Contract | NJOC2021212 | 13600 Long Beach Blvd | Long Beach Township | LBI | $1,899,000 |
Active Under Contract | NJOC2020790 | 14 W 86th St | Harvey Cedars | LBI | $2,700,000 |
Active Under Contract | NJOC2021514 | 15 W Mears Ave | Long Beach Township | LBI | $3,195,000 |
Active Under Contract | NJOC2020304 | 16 E 85th St | Harvey Cedars | LBI | $3,895,000 |
Pending | NJOC2021264 | 9 Pearl St #1 G | Beach Haven | LBI | $2,400 |
Pending | NJOC2022462 | 11410 Beach | Long Beach Township | LBI | $1,995,500 |
Pending | NJOC2020950 | 18 4th St | Beach Haven | LBI | $1,999,000 |
Pending | NJOC2021114 | 120 W Yarmouth Ct | Long Beach Township | LBI | $2,899,000 |
Closed | NJOC2020654 | 23 N 10th St | Surf City | LBI | $15,600 |
Closed | NJOC2019294 | 5704 Long Beach | Long Beach Township | LBI | $820,000 |
Closed | NJOC2020838 | 376 W 5th St | Ship Bottom | LBI | $875,000 |
Closed | NJOC2019376 | 210 W 15th St | Ship Bottom | LBI | $910,000 |
Closed | NJOC2021794 | 446 Amber St | Beach Haven | LBI | $1,275,000 |
Closed | NJOC2020938 | 18 E 9th St | Barnegat Light | LBI | $1,600,000 |
Closed | NJOC2021234 | 2416 Bay Vista Dr | Surf City | LBI | $1,925,000 |
Closed | NJOC2018320 | 342 W 6th St | Ship Bottom | LBI | $2,100,000 |
Closed | NJOC2015954 | 1062-D Long Beach Blvd #EAST UNIT | Long Beach Township | LBI | $2,500,000 |
Closed | NJOC2021024 | 3 E 20th St | Long Beach Township | LBI | $2,620,000 |
Closed | NJOC2018738 | 43 N 6th Street | Surf City | LBI | $2,950,000 |
Temporary Off Market | NJOC2021706 | 23 Utah Ave | Long Beach Township | LBI | $1,149,990 |
Withdrawn | NJOC2020728 | 113 E 21st St | Long Beach Township | LBI | $1,499,000 |
LBI New Jersey Real Estate Sales Analysis
As I stated above, the market was in balance with an equal number of new listings and pending sales this week. Interestingly enough, the average price of a new listing was one of the lowest we have seen recently at a little over $1,300,000, but the average pending sales price was nearly $2,250,000. That is especially interesting since one of the pending sales was a long term rental, thereby driving the average down. These data points tell us that buyers are willing to buy a home at all price points, provided the home is priced correctly and makes sense in the LBI real estate sales market. There are 126 active listings in the MLS this week and 52pending 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 11/12/2023-11/19/2023 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
