LBI Real Estate Weekly Sales Update 11/20/2022-11/27/2022
- High Tides Digital Marketing
- Nov 27, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/20/2022-11/27/2022
LBI Real Estate Weekly Sales Update 11/20/2022-11/27/2022: There were 50 changes to the Long Beach Island real estate market this week, and almost a third of that activity was in the form of 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,229,111
16 listings went under contract with an average listing price of about $1,855,744
9 properties sold on Long Beach Island with an average price of $1,910,500
4 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 11/20/2022-11/27/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
Coming Soon | NJOC2015014 | 119 E 19th St | Ship Bottom | LBI | $2,995,000 |
New Active | NJOC2014900 | 909 N. Bay Avenue #FLOOR 1 | Beach Haven | LBI | $99,000 |
New Active | NJOC2014966 | 310 W West Ave #K-3 | Beach Haven | LBI | $719,000 |
New Active | NJOC2014978 | 110 E 23rd St | Ship Bottom | LBI | $899,000 |
New Active | NJOC2014964 | 1504 Long Beach | Long Beach Township | LBI | $1,099,999 |
New Active | NJOC2014932 | 321 Centre St | Beach Haven | LBI | $1,250,000 |
New Active | NJOC2014856 | 218 Coral St #1 | Beach Haven | LBI | $1,250,000 |
New Active | NJOC2014854 | 218 Coral St #1 | Beach Haven | LBI | $1,250,000 |
New Active | NJOC2014930 | 10 E Kirkland | Long Beach Township | LBI | $1,500,000 |
Back to Active | NJOC2014696 | 17 E 29th | Long Beach Township | LBI | $1,199,000 |
Back to Active | NJOC2014794 | 17 E 29th | Long Beach Township | LBI | $1,199,000 |
Price Decrease | NJOC2010762 | 12900 Long Beach Blvd | Beach Haven | LBI | $25.00 |
Price Decrease | NJOC2012694 | 2 Tennessee | Long Beach Township | LBI | $2,699,999 |
Price Decrease | NJOC2011966 | 115 E Mermaid | Long Beach Township | LBI | $2,799,900 |
Price Decrease | NJOC2013204 | 13 E Middlesex Ave | Harvey Cedars | LBI | $2,850,000 |
Active Under Contract | NJOC2014244 | 2807 Long Beach Blvd | Long Beach Township | LBI | $999,000 |
Active Under Contract | NJOC2014250 | 2807 Long Beach Blvd | Long Beach Township | LBI | $999,000 |
Active Under Contract | NJOC2014228 | 2807 Long Beach Blvd | Long Beach Township | LBI | $999,000 |
Active Under Contract | NJOC2014086 | 1220 Central Ave | Ship Bottom | LBI | $999,000 |
Active Under Contract | NJOC2014224 | 18 E 20th Street | Long Beach Township | LBI | $1,100,000 |
Active Under Contract | NJOC2011634 | 170-I Sea Pine Drive | Long Beach Township | LBI | $1,695,000 |
Active Under Contract | NJOC2014016 | 114 Amber St | Beach Haven | LBI | $2,425,000 |
Active Under Contract | NJOC2013312 | 105 W Kimberly Ave | Long Beach Township | LBI | $2,995,000 |
Pending | NJOC2013908 | 205 W 27th St | Ship Bottom | LBI | $975,900 |
Pending | NJOC2011948 | 2214 Beach Avenue | Long Beach Township | LBI | $1,365,000 |
Pending | NJOC2014718 | 604 N Atlantic Ave | Beach Haven | LBI | $1,449,000 |
Pending | NJOC2014654 | 604 N Atlantic Ave | Beach Haven | LBI | $1,449,000 |
Pending | NJOC2012416 | 19 20th | Long Beach Township | LBI | $1,449,000 |
Pending | NJOC2014372 | 29 N 13th Street | Surf City | LBI | $1,699,000 |
Pending | NJOC2013872 | 29 N 13th Street | Surf City | LBI | $3,299,000 |
Pending | NJOC2013996 | 6703 Ocean Blvd | Long Beach Township | LBI | $5,795,000 |
Closed | NJOC2012388 | 901 Ocean Front Ave #927 | Ship Bottom | LBI | $900,000 |
Closed | NJOC2010906 | 17 W Beck Ave | Long Beach Township | LBI | $950,000 |
Closed | NJOC2013752 | 203 18th | Long Beach Township | LBI | $1,420,000 |
Closed | NJOC2010888 | 17 Magnolia | Long Beach Township | LBI | $1,850,000 |
Closed | NJOC2003826 | 26 W Old Whaling | Long Beach Township | LBI | $1,850,000 |
Closed | NJOC2012008 | 5211 Long Beach | Long Beach Township | LBI | $2,100,000 |
Closed | NJOC2013670 | 6805 Kent Pl | Harvey Cedars | LBI | $2,395,000 |
Closed | NJOC2009684 | 5 E 85th St | Harvey Cedars | LBI | $2,400,000 |
Closed | NJOC2009090 | 134 Belvoir Ave | Beach Haven | LBI | $2,590,000 |
Closed | NJOC2012522 | 8 7th St | Beach Haven | LBI | $2,650,000 |
Withdrawn | NJOC2014376 | 25 N 13th Street | Surf City | LBI | $1,799,000 |
Withdrawn | NJOC2013266 | 14 E 44th | Long Beach Township | LBI | $2,299,000 |
Canceled | NJOC2013484 | 310 W West Ave #K-3 | Beach Haven | LBI | $729,000 |
Expired | NJOC2013476 | 4010 Long Beach Blvd | Long Beach Township | LBI | $1,300.00 |
Expired | NJOC2013538 | Long Beach Township | LBI | $10,000 | |
Expired | NJOC2009462 | 116 N 4th St | Surf City | LBI | $1,460,000 |
Expired | NJOC2010250 | 6 Rosemma | Long Beach Township | LBI | $1,749,000 |
Expired | NJOC2010024 | 608 S Atlantic Ave | Beach Haven | LBI | $2,399,999 |
Expired | NJOC2010760 | 813 N Ocean Ave | Surf City | LBI | $3,899,900 |
LBI New Jersey Real Estate Sales Analysis and Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/20/2022-11/27/2022
There were roughly twice as many pending sales this week as there were new listings. This marks the second week in a row where pending sales outpaced the number of new homes coming on the market. While interest rates do have an impact, and perhaps the recent drop in rates has inspired some buyers to come back to the market, it is clear that the LBI real estate market is holding its ground very well in this ever changing times. There are 134 active listings in the MLS this week and 70 pending sales. This is a significant drop in inventory. 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 11/20/2022-11/27/2022 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
