LBI Real Estate Weekly Sales Update 11/14/2021-11/21/2021
- High Tides Digital Marketing
- Nov 21, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/14/2021-11/21/2021
LBI Real Estate Weekly Sales Update 11/14/2021-11/21/2021: There were a total of 65 changes to the MLS this week, which seems to be the running tally of market activity these days, but the nature of this activity was very different. There were very few new listings, but lots of pending sales and price drops! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
7 new listings entered the market with an average price of $1,285,000
17 listings went under contract with an average listing price of about $1,099,876
19 properties sold on Long Beach Island with an average price of $1,400,667
13 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 11/14/2021-11/21/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price – Decimal |
New Active | NJOC2004682 | 101 Engleside Ave #5 | Beach Haven | $839,000 |
New Active | NJOC2004704 | 5708 Ocean Blvd #U1 | Long Beach Township | $995,000 |
New Active | NJOC2004626 | 134 10th St | Beach Haven | $1,100,000 |
New Active | NJOC2004612 | 2015 Beach Ave | Long Beach Township | $1,149,000 |
New Active | NJOC2004562 | 2015 Beach Ave | Long Beach Township | $1,149,000 |
New Active | NJOC2004336 | 3 Olsen Ave | Harvey Cedars | $1,199,000 |
New Active | NJOC2004668 | 2400 #2 N LONG BEACH BLVD | Surf City | $1,349,000 |
New Active | NJOC2004602 | 2 Taylor Ave | Beach Haven | $2,500,000 |
Back to Active | NJOC2003260 | 3-A W Louisiana Ave | Long Beach Township | $699,000 |
Price Decrease | NJOC2003644 | 15 Ohio | Beach Haven | $2,500 |
Price Decrease | NJOC2004450 | 111 W 18th St #2 | Ship Bottom | $399,000 |
Price Decrease | NJOC408542 | 1817 Central Ave | Ship Bottom | $774,999 |
Price Decrease | NJOC408346 | 1817 Central Ave | Ship Bottom | $774,999 |
Price Decrease | NJOC2003960 | 13 W 22nd St | Barnegat Light | $979,000 |
Price Decrease | NJOC2004064 | 19 40th #UNIT A | Long Beach Township | $1,100,000 |
Price Decrease | NJOC2003070 | 24 W 12th St | Barnegat Light | $1,149,000 |
Price Decrease | NJOC2001056 | 3 E Seabreeze | Long Beach Township | $1,199,999 |
Price Decrease | NJOC2001036 | 3 E Seabreeze | Long Beach Township | $1,199,999 |
Price Decrease | NJOC2004354 | 134 W Maryland | Long Beach Township | $1,225,000 |
Price Decrease | NJOC2000225 | 1 E Stanton | Long Beach Township | $1,549,000 |
Price Decrease | NJOC2003102 | 43 N 11th St | Surf City | $1,799,000 |
Price Decrease | NJOC410766 | 117 Centre St | Beach Haven | $2,250,000 |
Active Under Contract | NJOC2000113 | 201 W 6th St | Ship Bottom | $850,000 |
Active Under Contract | NJOC2003690 | 156 Marina Blvd | Long Beach Township | $3,250,000 |
Pending | NJOC403264 | 2508 Long Beach Blvd | Ship Bottom | $350,000 |
Pending | NJOC403248 | 2504 Long Beach Blvd #3A | Ship Bottom | $350,000 |
Pending | NJOC2000702 | 204 S Atlantic Ave #201 | Beach Haven | $499,000 |
Pending | NJOC2001204 | 1412 Long Beach #A | Long Beach Township | $550,000 |
Pending | NJOC2004168 | 1412 Long Beach #B | Long Beach Township | $575,000 |
Pending | NJOC2002108 | 2108 S Bay Ave #B | Beach Haven | $699,000 |
Pending | NJOC2003840 | 3 E 20th | Long Beach Township | $829,000 |
Pending | NJOC2000005 | 111 E 26th St | Ship Bottom | $875,000 |
Pending | NJOC2004292 | 28 W Jacqueline | Long Beach Township | $879,000 |
Pending | NJOC2004342 | 245 S 2nd St | Surf City | $939,000 |
Pending | NJOC2000139 | 17 Washington | Long Beach Township | $949,900 |
Pending | NJOC2002860 | 106 E 18th St | Ship Bottom | $950,000 |
Pending | NJOC2000083 | 327 N 4th St | Surf City | $979,000 |
Pending | NJOC2003276 | 258 N 2nd St | Surf City | $1,325,000 |
Pending | NJOC2004526 | 180 Marina Blvd | Long Beach Township | $3,849,000 |
Closed | NJOC2003148 | 314 Coral | Beach Haven | $1,950 |
Closed | NJOC2004738 | 3 Olsen Ave | Harvey Cedars | $849,000 |
Closed | NJOC2002642 | 382 N 3rd St | Surf City | $875,000 |
Closed | NJOC2004620 | 324 Centre St #7 | Beach Haven | $900,000 |
Closed | NJOC410230 | 708 Broadway | Barnegat Light | $900,000 |
Closed | NJOC2000123 | 14 E Maryland Ave | Long Beach Township | $925,000 |
Closed | NJOC2003546 | 321 Kentford Ave #A | Beach Haven | $990,000 |
Closed | NJOC2004246 | 1712 Barnegat Ave | Ship Bottom | $999,000 |
Closed | NJOC404096 | 162-B Long Beach #B | Long Beach Township | $1,109,000 |
Closed | NJOC2003416 | 22 Nevada | Long Beach Township | $1,200,000 |
Closed | NJOC2003060 | 6 W Mears Avenue W | Long Beach Township | $1,350,000 |
Closed | NJOC2003480 | 7115 Long Beach Blvd. | Long Beach Township | $1,350,000 |
Closed | NJOC2001890 | 37 Hideaway | Long Beach Township | $1,505,000 |
Closed | NJOC2003044 | 5 E Kirkland Ave | Long Beach Township | $1,600,000 |
Closed | NJOC2000504 | 65-A Long Beach Blvd | Long Beach Township | $1,700,000 |
Closed | NJOC2001320 | 3 38th St E | Long Beach Township | $1,900,000 |
Closed | NJOC2002730 | 10 W 29th St | Long Beach Township | $2,000,000 |
Closed | NJOC2000946 | 6800 Kent Pl | Harvey Cedars | $2,510,000 |
Closed | NJOC2001638 | 1098-I Long Beach Blvd | Long Beach Township | $2,550,000 |
Temporary Off Market | NJOC2002408 | 25 Anderson | Long Beach Township | $1,595,000 |
Temporary Off Market | NJOC410782 | 1035-A Long Beach #A | Long Beach Township | $3,199,999 |
Withdrawn | NJOC2003156 | 221 W 13th St | Ship Bottom | $899,000 |
Withdrawn | NJOC2003098 | 221 W 13th St | Ship Bottom | $899,000 |
Canceled | NJOC407616 | 5305-A Long Beach Blvd #A | Harvey Cedars | $849,000 |
Expired | NJOC2002140 | 262 N 10th St | Surf City | $1,100,000 |
Expired | NJOC2000242 | 44 Division Ave | Surf City | $1,399,000 |
LBI New Jersey Real Estate Sales Analysis
The unfortunate news for buyers is that there was a significant disparity between pending sales and new listings this week. There are 177 active listings in the MLS this week and 134 pending sales which represents a loss in inventory and a rise in pending sales. The standout this week is the 13 listings that had a price drop. We have been seeing the number of homes with price drops rising in the past several weeks which could mean that the prices in the LBI real estate market are starting to level off. Time will tell, but it is an important statistic to pay attention to right 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 11/14/2021-11/21/2021 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
