LBI Real Estate Weekly Sales Update 11/26/2023-12/3/2023
- High Tides Digital Marketing
- Dec 3, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/26/2023-12/3/2023
LBI Real Estate Weekly Sales Update 11/26/2023-12/3/2023: It was a very busy week for LBI real estate market activity. Unfortunately, a larger percentage of this week's activity was in the form of expired and withdrawn listings! As we come towards the end of the year, be sure to check out my monthly analysis of home sales on Long Beach Island NJ to track how the Long Beach Island real estate market performed this year. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $3,478,000 (higher than usual thanks to a lower number of new listings and two very high-priced homes coming on the market)
8listings went under contract with an average listing price of about $2,115,125
7 properties sold on Long Beach Island with an average price of $1,692,500
4 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 11/26/2023-12/3/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2022568 | 31 W 87th St | Long Beach Township | LBI | $1,350,000 |
New Active | NJOC2022430 | 6 34th | Long Beach Township | LBI | $1,169,999 |
New Active | NJOC2022710 | 9 W 51st St | Long Beach Township | LBI | $3,349,000 |
New Active | NJOC2022674 | 23 W 83rd St | Harvey Cedars | LBI | $3,599,999 |
New Active | NJOC2022672 | 21 W 83rd St | Harvey Cedars | LBI | $4,399,999 |
New Active | NJOC2022676 | 12 E 30th St | Barnegat Light | LBI | $6,999,000 |
Back to Active | NJOC2022384 | 234 W 17th St | Ship Bottom | LBI | $800,000 |
Back to Active | NJOC2020966 | 3 E Surf Ave | Long Beach Township | LBI | $2,699,000 |
Price Decrease | NJOC2019574 | 401 Broadway #21A | Barnegat Light | LBI | $624,900 |
Price Decrease | NJOC2022368 | 309 W 16th St | Ship Bottom | LBI | $995,000 |
Price Decrease | NJOC2021474 | 126 Laguna Ln | Long Beach Township | LBI | $5,499,000 |
Price Decrease | NJOC2019846 | 1027-C Long Beach | Long Beach Township | LBI | $9,499,000 |
Active Under Contract | NJOC2021298 | 221 4th St | Beach Haven | LBI | $1,499,000 |
Active Under Contract | NJOC2022518 | 18 E Sand Dune | Long Beach Township | LBI | $2,650,000 |
Active Under Contract | NJOC2021808 | 110 E Jeanette Ave | Long Beach Township | LBI | $6,350,000 |
Pending | NJOC2021908 | 315 W 11th St | Ship Bottom | LBI | $999,000 |
Pending | NJOC2021002 | 110 W Pennsylvania Ave | Long Beach Township | LBI | $1,075,000 |
Pending | NJOC2021684 | 4 E 16th St | Barnegat Light | LBI | $1,350,000 |
Pending | NJOC2021846 | 232 W 16th St W | Ship Bottom | LBI | $1,499,000 |
Pending | NJOC2021842 | 232 W 16th St | Ship Bottom | LBI | $1,499,000 |
Closed | NJOC2020476 | 11 W Lavenia | Long Beach Township | LBI | $1,155,000 |
Closed | NJOC2021792 | 18 E 86th | Long Beach Township | LBI | $1,225,000 |
Closed | NJOC2021736 | 8 W 27th St | Barnegat Light | LBI | $1,350,000 |
Closed | NJOC2019238 | 2905 Long Beach | Long Beach Township | LBI | $1,637,500 |
Closed | NJOC2020738 | 316 N 7th | Surf City | LBI | $1,755,000 |
Closed | NJOC2017606 | 67 Cedars Avenue | Harvey Cedars | LBI | $2,050,000 |
Closed | NJOC2020050 | 15 E New York Ave | Long Beach Township | LBI | $2,675,000 |
Temporary Off Market | NJOC2022086 | 109-B Long Beach | Long Beach Township | LBI | $4,250,000 |
Withdrawn | NJOC2020692 | 216 S Bay Ave | Beach Haven | LBI | $1,089,000 |
Withdrawn | NJOC2020680 | 216 S Bay Ave | Beach Haven | LBI | $1,089,000 |
Withdrawn | NJOC2021916 | 54 N 17th St | Surf City | LBI | $1,300,000 |
Withdrawn | NJOC2021506 | 23 W 83rd St | Harvey Cedars | LBI | $3,599,999 |
Withdrawn | NJOC2021074 | 151-B Long Beach | Long Beach Township | LBI | $4,399,999 |
Withdrawn | NJOC2021502 | 21 W 83rd St | Harvey Cedars | LBI | $4,399,999 |
Expired | NJOC2018334 | 8311 Long Beach Blvd #UNIT 4 | Long Beach Township | LBI | $715,000 |
Expired | NJOC2019218 | 340 Kentford Ave #UNIT 2 | Beach Haven | LBI | $725,000 |
Expired | NJOC2019716 | 340 Kentford Ave #UNIT 1 | Beach Haven | LBI | $879,000 |
Expired | NJOC2021354 | 238 W 13th St | Ship Bottom | LBI | $1,049,000 |
Expired | NJOC2021366 | 9 E 28th St | Long Beach Township | LBI | $1,325,000 |
Expired | NJOC2010368 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,399,000 |
Expired | NJOC2010362 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,399,000 |
Expired | NJOC2021450 | 5300 West Ave | Long Beach Township | LBI | $1,510,000 |
Expired | NJOC2019784 | 340 Kentford Ave | Beach Haven | LBI | $1,569,000 |
Expired | NJOC2019676 | 340 Kentford Ave | Beach Haven | LBI | $1,569,000 |
Expired | NJOC2020634 | 335 S 2nd Street W | Surf City | LBI | $1,990,000 |
Expired | NJOC2021540 | 9 44th | Long Beach Township | LBI | $2,350,000 |
Expired | NJOC2016500 | 111 E 29th St | Ship Bottom | LBI | $2,449,000 |
Expired | NJOC2010380 | 4410 Gloucester Ave | Long Beach Township | LBI | $2,499,000 |
Expired | NJOC2017598 | 110 Coral St | Beach Haven | LBI | $2,579,000 |
Expired | NJOC2017968 | 161-D Long Beach | Long Beach Township | LBI | $3,000,000 |
Expired | NJOC2017734 | 2 W Cleveland | Long Beach Township | LBI | $5,999,000 |
Expired | NJOC2018918 | 7401 Ocean Blvd | Long Beach Township | LBI | $6,999,000 |
LBI New Jersey Real Estate Sales Analysis
For the most part, the activity we saw in the LBI real estate market was normal. There were an almost equal number of new listings and pending sales. The real anomaly this week was the higher than average number of expired and withdrawn listings. In total, there were 25 this week, which is almost half of the entire week's market activity! It is likely that in the coming weeks, we will see many of these homes come back on the market, perhaps with a new agent and/or a lower price. There are 107 active listings in the MLS this week and 49 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 11/26/2023-12/3/2023 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
