LBI Real Estate Weekly Sales Update 11/27/2022-12/4/2022
- High Tides Digital Marketing
- Dec 6, 2022
- 3 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/27/2022-12/4/2022
LBI Real Estate Weekly Sales Update 11/27/2022-12/4/2022: It was an expectedly slow week in the LBI real estate market. December tends to be a slower month in the real estate market, but with inventory being so low, this holiday season seems to be seeing a higher-than-average percentage of pending sales. You can also view my monthly sales update on Long Beach Island NJ for more market insight. Below are all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
3 new listings entered the market with an average price of $1,549,333
7 listings went under contract with an average listing price of about $1,856,700
18 properties sold on Long Beach Island with an average price of $1,686,785
3 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 11/27/2022-12/4/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price – Decimal |
New Active | NJOC2015062 | 1610 Bayview Ave | Barnegat Light | $999,000 |
New Active | NJOC2015060 | 1606 Bayview Ave | Barnegat Light | $999,000 |
New Active | NJOC2015058 | 1602 Bayview Ave | Barnegat Light | $2,650,000 |
Back to Active | NJOC2008500 | 2 W Cleveland | Long Beach Township | $6,499,000 |
Price Decrease | NJOC2014060 | 116 5th St | Beach Haven | $1,849,000 |
Price Decrease | NJOC2012954 | 9 Lange Ave | Harvey Cedars | $2,299,000 |
Price Decrease | NJOC2014014 | 110 Newport Dr | Long Beach Township | $2,499,000 |
Active Under Contract | NJOC2011286 | 270 W 16th St | Ship Bottom | $969,000 |
Active Under Contract | NJOC2013798 | 7 E 68th St | Harvey Cedars | $1,799,000 |
Active Under Contract | NJOC2013876 | 222 N 19th St | Surf City | $1,895,000 |
Active Under Contract | NJOC2013668 | 5107 Ocean Blvd | Long Beach Township | $2,395,000 |
Pending | NJOC2014628 | 12 E 78th St #7 | Harvey Cedars | $139,900 |
Pending | NJOC2013026 | 1409 W West Ave | Beach Haven | $1,999,999 |
Pending | NJOC2014454 | 356 Dusty Miller Dr | Long Beach Township | $3,799,000 |
Closed | NJOC2013760 | 901 Ocean Ave #925 | Ship Bottom | $925,000 |
Closed | NJOC2014042 | 15 W 8th St | Barnegat Light | $945,000 |
Closed | NJOC2013038 | 1210 Long Beach | Long Beach Township | $1,250,000 |
Closed | NJOC2014232 | 1615 Long Beach Blvd | Surf City | $1,500,000 |
Closed | NJOC2009236 | 10 E Delaware Ave | Long Beach Township | $1,800,000 |
Closed | NJOC2014202 | 112 E Florida Ave | Long Beach Township | $1,851,000 |
Closed | NJOC2012022 | 126 Amber St | Beach Haven | $2,325,000 |
Closed | NJOC2010550 | 35 6th Street | Surf City | $2,899,000 |
Temporary Off Market | NJOC2014068 | 1 Cedars Ave | Harvey Cedars | $1,679,000 |
Temporary Off Market | NJOC2010964 | 101 Starr Ave | Long Beach Township | $1,749,000 |
Temporary Off Market | NJOC2012796 | 51 N 21st St | Surf City | $2,895,000 |
Withdrawn | NJOC2013686 | 111 E Dune Ln | Long Beach Township | $6,000 |
Withdrawn | NJOC2013516 | 3 Olsen Ave | Harvey Cedars | $1,299,999 |
Withdrawn | NJOC2014524 | 1512 S Beach Ave | Beach Haven | $2,275,000 |
Withdrawn | NJOC2014462 | 1512 S Beach Ave | Beach Haven | $2,275,000 |
Canceled | NJOC2013500 | 324 N 2nd St | Surf City | $1,399,000 |
Canceled | NJOC2012662 | 317 N 13th St | Surf City | $2,250,000 |
Canceled | NJOC2013216 | 7 W Cumberland Ave | Harvey Cedars | $2,495,000 |
Expired | NJOC2008434 | 116 E Seabreeze Ave (95th) Ave | Long Beach Township | $2,000 |
Expired | NJOC2007388 | 321 W 16th St | Ship Bottom | $1,729,000 |
Expired | NJOC2009012 | 222 N 19th St | Surf City | $1,939,000 |
Expired | NJOC2011636 | 10 E Delaware Ave | Long Beach Township | $1,949,900 |
Expired | NJOC2013874 | 120 E Jerome | Long Beach Township | $3,999,999 |
Expired | NJOC2008222 | 142 Newport | Long Beach Township | $4,225,000 |
LBI New Jersey Real Estate Sales Analysis
Home sales on Long Beach Island continue to show strength and resilience. There was more than twice the number of pending sales as there were new listings this week. While there was a period of time over the last few months where the number of homes for sale was slowly rising, most of that inventory has been absorbed. There are around 125 active listings in the MLS this week and 70 homes under contract. Overall, the market is doing very well. 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 11/27/2022-12/4/2022 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
