LBI Real Estate Weekly Sales Update 11/7/2021-11/14/2021
- High Tides Digital Marketing
- Nov 14, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/7/2021-11/14/2021
LBI Real Estate Weekly Sales Update 11/7/2021-11/14/2021: It was another slower week in the Long Beach Island real estate market, but that is to be expected this time of year. As we enter the holiday season, market activity tends to drop off until after the new year. Still, there were 67 changes to the MLS and a high number 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. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
13 new listings entered the market with an average price of $2,100,077
19 listings went under contract with an average listing price of about $1,392,416
20 properties sold on Long Beach Island with an average price of $1,218,433
5 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 11/7/2021-11/14/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | NJOC2004450 | 111 W 18th St #2 | Ship Bottom | $409,000 |
New Active | NJOC2004484 | 3501 Long Beach | Long Beach Township | $1,199,000 |
New Active | NJOC2004596 | 245 W 19th St | Ship Bottom | $1,390,000 |
New Active | NJOC2004578 | 1-W South 31st St | Long Beach Township | $1,699,000 |
New Active | NJOC2004470 | 221 Pearl St | Beach Haven | $1,799,000 |
New Active | NJOC2004464 | 122 E 29th St | Ship Bottom | $1,799,000 |
New Active | NJOC2004234 | 8 E 77th St | Harvey Cedars | $1,865,000 |
New Active | NJOC2004572 | 386 N 5th St | Surf City | $2,299,000 |
New Active | NJOC2004566 | 411 S Bay Ave S | Beach Haven | $2,495,000 |
New Active | NJOC2004328 | 2400 N Long Beach Blvd | Surf City | $2,499,000 |
New Active | NJOC2004602 | 2 Taylor Ave | Beach Haven | $2,500,000 |
New Active | NJOC2004412 | 5308-G Long Beach Blvd | Harvey Cedars | $3,499,000 |
New Active | NJOC2004526 | 180 Marina Blvd | Long Beach Township | $3,849,000 |
Back to Active | NJOC408542 | 1817 Central Ave | Ship Bottom | $829,000 |
Back to Active | NJOC408346 | 1817 Central Ave | Ship Bottom | $829,000 |
Back to Active | NJOC2000139 | 17 Washington | Long Beach Township | $949,900 |
Price Decrease | NJOC2000005 | 111 E 26th St | Ship Bottom | $875,000 |
Price Decrease | NJOC2003156 | 221 W 13th St | Ship Bottom | $899,000 |
Price Decrease | NJOC2003098 | 221 W 13th St | Ship Bottom | $899,000 |
Price Decrease | NJOC2002860 | 106 E 18th St | Ship Bottom | $950,000 |
Price Decrease | NJOC2002552 | 5 W 19th St | Long Beach Township | $2,100,000 |
Active Under Contract | NJOC2000702 | 204 S Atlantic Ave #201 | Beach Haven | $499,000 |
Active Under Contract | NJOC2003982 | 8 W Jacqueline Ave | Long Beach Township | $865,000 |
Active Under Contract | NJOC2002078 | 83 N Ohio | Long Beach Township | $1,649,000 |
Active Under Contract | NJOC2004314 | 218 Stratford Ave | Beach Haven | $1,799,000 |
Pending | NJOC403264 | 2508 Long Beach Blvd | Ship Bottom | $350,000 |
Pending | NJOC403248 | 2504 Long Beach Blvd #3A | Ship Bottom | $350,000 |
Pending | NJOC2002030 | 252 W 17th St #C | Ship Bottom | $485,000 |
Pending | NJOC2003024 | 204 S Atlantic Ave #301 | Beach Haven | $644,900 |
Pending | NJOC2004216 | 1001 Ocean #1011 | Ship Bottom | $775,000 |
Pending | NJOC2004130 | 101 Engleside Ave #4 | Beach Haven | $799,000 |
Pending | NJOC2002814 | 27 E 23rd St | Long Beach Township | $1,249,000 |
Pending | NJOC2002048 | 116 E 13th St | Long Beach Township | $1,399,000 |
Pending | NJOC2003470 | 2510 Atlantic | Long Beach Township | $1,599,000 |
Pending | NJOC2003028 | 1118-B Long Beach #B | Long Beach Township | $1,649,000 |
Pending | NJOC2003516 | 318 Holyoke Ave | Beach Haven | $1,699,000 |
Pending | NJOC2001758 | 304 W 10th St | Ship Bottom | $1,995,000 |
Pending | NJOC2002756 | 211 Liberty Ave | Beach Haven | $1,999,999 |
Pending | NJOC408662 | 12 E 30th St | Barnegat Light | $2,800,000 |
Pending | NJOC408488 | 126 E Texas | Long Beach Township | $3,849,999 |
Closed | NJOC2000249 | 130 Chatsworth Ave #1 | Beach Haven | $650,000 |
Closed | NJOC2002890 | 116 E 19th St E | Ship Bottom | $749,999 |
Closed | NJOC2000864 | 22 Mea Ln | Long Beach Township | $785,000 |
Closed | NJOC2002854 | 2 W 14th St | Barnegat Light | $850,000 |
Closed | NJOC2003244 | 405 Dock Rd | Beach Haven | $875,000 |
Closed | NJOC2001948 | 204 Engleside Ave #B | Beach Haven | $899,000 |
Closed | NJOC2001406 | 204 Engleside Ave #C | Beach Haven | $914,000 |
Closed | NJOC2002700 | 257 N 13th St | Surf City | $925,000 |
Closed | NJOC2001404 | 204 Engleside Ave #A | Beach Haven | $985,000 |
Closed | NJOC2002324 | 216 17th St | Surf City | $999,000 |
Closed | NJOC2003458 | 214 N 25th St | Surf City | $1,050,000 |
Closed | NJOC410328 | 20 Buckingham Ave | Harvey Cedars | $1,070,000 |
Closed | NJOC2000648 | 6305-A Long Beach Blvd | Harvey Cedars | $1,247,500 |
Closed | NJOC409442 | 1419 Long Beach Blvd | Surf City | $1,250,000 |
Closed | NJOC2002520 | 4-East 18th | Long Beach Township | $1,350,153 |
Closed | NJOC409276 | 120 Taylor Ave | Beach Haven | $1,375,000 |
Closed | NJOC2003438 | 3 E Middlesex Ave | Harvey Cedars | $1,399,000 |
Closed | NJOC2000504 | 65-A Long Beach Blvd | Long Beach Township | $1,700,000 |
Closed | NJOC2001674 | 7 Judith Ave | Long Beach Township | $1,795,000 |
Closed | NJOC407052 | 126 Laguna Ln | Long Beach Township | $3,500,000 |
Temporary Off Market | NJOC2003930 | 16 E Sailboat | Long Beach Township | $1,900,000 |
Withdrawn | NJOC2003484 | 2514 Central Ave | Ship Bottom | $1,799,000 |
Withdrawn | NJOC2004344 | 386 N 5th St | Surf City | $2,316,000 |
Canceled | NJOC2002816 | 2100 N Long Beach Blvd | Surf City | $999,000 |
Canceled | NJOC2001584 | 245 W 19th St W | Ship Bottom | $1,475,000 |
Expired | NJOC410618 | 210 18th W | Ship Bottom | $1,850,000 |
Expired | NJOC409682 | 135-A Long Beach Blvd | Long Beach Township | $2,495,000 |
LBI New Jersey Real Estate Sales Analysis
Pending sales far outpaced the number of new listings entering the market this week, and the disparity between new listings and pending sales all but erased the gains we have seen in inventory. There were 5 price reductions which has been the norm for the past several weeks and a stark contrast from this time one year ago (when there were basically no reductions). It looks like some sellers are pricing too high and buyers are showing temperance-which is a good a healthy thing for the local market. There are 183 active listings in the MLS this week and 142 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 11/7/2021-11/14/2021 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
