LBI Real Estate Weekly Sales Update 12/04/2022-12/11/2022
- High Tides Digital Marketing
- Dec 11, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/04/2022-12/11/2022
LBI Real Estate Weekly Sales Update 12/04/2022-12/11/2022: It was a very busy week in the LBI real estate market with 44 changes to the MLS. This is a big increase to what we have been seeing over the past several weeks. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
12 new listings entered the market with an average price of $2,889,496
9 listings went under contract with an average listing price of about $1,998,433
7 properties sold on Long Beach Island with an average price of $1,461,143
1 listing saw a price reduction and 1 listing saw a price increase in the LBI real estate market
LBI Real Estate Weekly Sales Update 12/04/2022-12/11/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Home Price |
Coming Soon | NJOC2015218 | 9 W Cumberland Ave | Harvey Cedars | $3,595,000 |
Coming Soon | NJOC2015126 | 132-D Long Beach Boulevard | Long Beach Township | $4,299,000 |
New Active | NJOC2015182 | 415 N Bay Ave | Beach Haven | $1,425,000 |
New Active | NJOC2015138 | 7 Pershing | Long Beach Township | $1,510,950 |
New Active | NJOC2015226 | 340 Kentford Ave | Beach Haven | $1,599,000 |
New Active | NJOC2015142 | 8001 Long Beach Blvd | Harvey Cedars | $1,599,000 |
New Active | NJOC2015184 | 400 N Bay Ave | Beach Haven | $1,775,000 |
New Active | NJOC2015236 | 29 4th St | Beach Haven | $2,279,000 |
New Active | NJOC2015260 | 40 N 7th Street | Surf City | $2,899,000 |
New Active | NJOC2015014 | 119 E 19th St | Ship Bottom | $2,995,000 |
New Active | NJOC2015292 | 44-E Long Beach Blvd | Long Beach Township | $5,199,000 |
New Active | NJOC2015206 | 210 N Bay Ave | Beach Haven | $5,499,000 |
Back to Active | NJOC2010930 | 17 E 15th | Long Beach Township | $2,099,000 |
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 Increase | NJOC2011602 | 1049-B Long Beach | Long Beach Township | $3,500,000 |
Active Under Contract | NJOC2011286 | 270 W 16th St | Ship Bottom | $969,000 |
Active Under Contract | NJOC2013566 | 106 E 24th St | Long Beach Township | $1,099,000 |
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 | NJOC2014820 | 42 W Holly Dr | Long Beach Township | $3,495,000 |
Active Under Contract | NJOC2014740 | 42 W Holly Dr | Long Beach Township | $3,495,000 |
Pending | NJOC2014628 | 12 E 78th St #7 | Harvey Cedars | $139,900 |
Pending | NJOC2013656 | 324 2nd St | Beach Haven | $1,295,000 |
Pending | NJOC2014454 | 356 Dusty Miller Dr | Long Beach Township | $3,799,000 |
Closed | NJOC2014306 | 501 Amber St | Beach Haven | $922,000 |
Closed | NJOC2014042 | 15 W 8th St | Barnegat Light | $945,000 |
Closed | NJOC2013356 | 1046-A Long Beach | Long Beach Township | $1,100,000 |
Closed | NJOC2012570 | 6203 Long Beach Blvd | Long Beach Township | $1,460,000 |
Closed | NJOC2014310 | 100 E Colorado | Long Beach Township | $1,850,000 |
Closed | NJOC2014202 | 112 E Florida Ave | Long Beach Township | $1,851,000 |
Closed | NJOC2013198 | 8004 Bay Ter | Harvey Cedars | $2,100,000 |
Temporary Off Market | NJOC2014274 | 6110 Long Beach | Long Beach Township | $980,000 |
Temporary Off Market | NJOC2013174 | 107 15th St | Ship Bottom | $1,989,000 |
Temporary Off Market | NJOC2008402 | 4911 S Long Beach Blvd | Long Beach Township | $3,995,000 |
Withdrawn | NJOC2011062 | 12 Harding Ave #UNIT EAST | Long Beach Township | $1,100,000 |
Withdrawn | NJOC2011064 | 12 Harding Ave #UNIT WEST | Long Beach Township | $1,150,000 |
Withdrawn | NJOC2011508 | 12 Harding | Long Beach Township | $2,200,000 |
Withdrawn | NJOC2013204 | 13 E Middlesex Ave | Harvey Cedars | $2,850,000 |
Canceled | NJOC2014448 | 100 E Colorado | Long Beach Township | $1,900,000 |
Canceled | NJOC2011608 | 40 N 7th Street | Surf City | $2,899,000 |
Expired | NJOC2010796 | 14 E Maryland | Long Beach Township | $1,275,000 |
Expired | NJOC2015148 | 8001 Long Beach Blvd | Harvey Cedars | $1,599,000 |
Expired | NJOC2010612 | 17 Delaware Ave | Long Beach Township | $2,790,000 |
LBI New Jersey Real Estate Sales Analysis
For the first time in several weeks, there were more new listings than pending sales. Interestingly enough, several of these listings were commercial real estate. Commerical listings tend to make up a very small percentage of the Long Beach Island real estate sales market, but this week saw some very unique opportunities. Despite the increase in new listings, overall inventory is still at one of the lowest levels we have seen. There are only 120 active single-family home listings in the MLS this week and 66 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 12/04/2022-12/11/2022 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
