LBI Real Estate Weekly Sales Update 11/13/2022-11/20/2022
- High Tides Digital Marketing
- Nov 20, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/13/2022-11/20/2022
LBI Real Estate Weekly Sales Update 11/13/2022-11/20/2022: With a total of 41 changes to the MLS this week, the LBI real estate market continued to show balance. Pending sales outpaced new listings for the first time in a few weeks demonstrating there is still a lot of confidence in the LBI real estate market. This is also reflected in my monthly analysis of home sales on Long Beach Island NJ which shows stable activity as well. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
6 new listings entered the market with an average price of $1,823,667
8 listings went under contract with an average listing price of about $1,714,000
10 properties sold on Long Beach Island with an average price of $1,896,900
7 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 11/13/2022-11/20/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Sub Type | Current Price |
New Active | NJOC2014744 | 1020-A Long Beach Blvd | Long Beach Township | LBI | $2,599,000 |
New Active | NJOC2014740 | 42 W Holly Dr | Long Beach Township | LBI | $3,495,000 |
New Active | NJOC2014810 | 8211 Long Beach Blvd | Long Beach Township | LBI | $1,349,000 |
New Active | NJOC2014802 | 315 W 7th St | Ship Bottom | LBI | $850,000 |
New Active | NJOC2014794 | 17 E 29th | Long Beach Township | LBI | $1,449,000 |
New Active | NJOC2014780 | 208 W 20th St | Ship Bottom | LBI | $1,200,000 |
Back to Active | NJOC2012416 | 19 20th | Long Beach Township | LBI | $1,449,000 |
Back to Active | NJOC2010368 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,475,000 |
Back to Active | NJOC2009758 | 1013-A Long Beach | Long Beach Township | LBI | $1,899,000 |
Back to Active | NJOC2012018 | 122 Amber St | Beach Haven | LBI | $2,200,000 |
Price Decrease | NJOC2012168 | 31-W New York | Long Beach Township | LBI | $1,950,000 |
Price Decrease | NJOC2010362 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,475,000 |
Price Decrease | NJOC2013566 | 106 E 24th St | Long Beach Township | LBI | $1,099,000 |
Price Decrease | NJOC2014364 | 22 SW 33rd | Long Beach Township | LBI | $949,000 |
Price Decrease | NJOC2013950 | 319 S 3rd St | Surf City | LBI | $1,100,000 |
Price Decrease | NJOC2013694 | 100-W Pennsylvania | Long Beach Township | LBI | $1,399,000 |
Price Decrease | NJOC2011634 | 170-I Sea Pine Drive | Long Beach Township | LBI | $1,695,000 |
Active Under Contract | NJOC2014456 | 12 Alexis Pl | Long Beach Township | LBI | $1,049,000 |
Active Under Contract | NJOC2013242 | 304 W 21st St | Ship Bottom | LBI | $2,295,000 |
Pending | NJOC2014440 | 6 86th St | Long Beach Township | LBI | $1,825,000 |
Pending | NJOC2013198 | 8004 Bay Ter | Harvey Cedars | LBI | $2,450,000 |
Pending | NJOC2014310 | 100 E Colorado | Long Beach Township | LBI | $1,900,000 |
Pending | NJOC2014042 | 15 W 8th St | Barnegat Light | LBI | $999,000 |
Pending | NJOC2013356 | 1046-A Long Beach | Long Beach Township | LBI | $1,299,000 |
Pending | NJOC2009816 | 325 Iroquois Ave | Beach Haven | LBI | $1,895,000 |
Closed | NJOC2010166 | 1102-A Long Beach Blvd | Long Beach Township | LBI | $1,275,000 |
Closed | NJOC2013328 | 9 Mea Ln | Long Beach Township | LBI | $1,125,000 |
Closed | NJOC2013104 | 1801 Long Beach Blvd | Beach Haven | LBI | $1,450,000 |
Closed | NJOC2014808 | 16 Roosevelt | Long Beach Township | LBI | $1,800,000 |
Closed | NJOC2013062 | 273 N 11th St | Surf City | LBI | $1,750,000 |
Closed | NJOC401740 | 17 Roosevelt Ave | Long Beach Township | LBI | $1,800,000 |
Closed | NJOC2000552 | 2011 E Bay Ter | Ship Bottom | LBI | $2,570,000 |
Closed | NJOC2005598 | 1017-C Long Beach Blvd | Long Beach Township | LBI | $5,000,000 |
Closed | NJOC2012316 | 108 E 29th | Long Beach Township | LBI | $1,199,000 |
Closed | NJOC2011952 | 28 W 8th St | Barnegat Light | LBI | $999,999 |
Temporary Off Market | NJOC2014070 | 17 Lange Ave | Harvey Cedars | LBI | $1,699,000 |
Withdrawn | NJOC2013296 | 11804 Sunset Ter | Long Beach Township | LBI | $3,995,000 |
Canceled | NJOC2012312 | 108 E 29th St | Long Beach Township | LBI | $1,199,000 |
Expired | NJOC2009960 | 232 W 16th St W | Ship Bottom | LBI | $1,695,000 |
Expired | NJOC2009898 | 42c Long Beach Blvd | Long Beach Township | LBI | $2,249,000 |
Expired | NJOC165246 | 242 W 21st St | Ship Bottom | LBI | $389,900 |
LBI New Jersey Real Estate Sales Analysis
This week saw a total of 10 closings with an average sales price approaching $2,000,000. While there have been a number of price drops over the past several weeks, most of these are from listings that were pushing the market to begin with. It seems that the market hit a peak, and will no longer tolerate sellers pushing the listing price higher and higher. That said, buyers are clearly willing to enter into a transaction if the house is priced in line with the market. We have seen a few more listings come on the market over the past month, and buyers are picking them up at an almost equal rate. There are 143 active listings in the MLS this week and 69 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 11/13/2022-11/20/2022 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
