LBI Real Estate Weekly Sales Update 12/05/2021-12/12/2021
- High Tides Digital Marketing
- Dec 13, 2021
- 3 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/05/2021-12/12/2021
LBI Real Estate Weekly Sales Update 12/05/2021-12/12/2021: As 2021 winds down, the LBI real estate market has slowed to a crawl. This is the norm for this time of year, but with only 36 changes to the MLS, things are clearly slower! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
8 new listings entered the market with an average price of $1,940,000
9 listings went under contract with an average listing price of about $1,460,000
10 properties sold on Long Beach Island with an average price of $1,215,900
2 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 12/05/2021-12/12/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
Coming Soon | NJOC2005240 | 123 E Muriel Ave | Long Beach Township | $2,999,000 |
New Active | NJOC2005202 | 13 E 11th St | Barnegat Light | $930,000 |
New Active | NJOC2005062 | 13 E 11th St | Barnegat Light | $930,000 |
New Active | NJOC2005136 | 2501 Beach Ave | Long Beach Township | $1,299,000 |
New Active | NJOC2005232 | 17 E 14th St | Barnegat Light | $1,499,000 |
New Active | NJOC2005236 | 17 E 14th St | Barnegat Light | $1,499,000 |
New Active | NJOC2005152 | 10 Butler Rd | Long Beach Township | $1,965,000 |
New Active | NJOC2005100 | 2 N 2nd St | Surf City | $4,399,000 |
Back to Active | NJOC2004146 | 8602 Sandpiper Ln | Harvey Cedars | $1,349,000 |
Back to Active | NJOC2003470 | 2510 Atlantic | Long Beach Township | $1,599,000 |
Price Decrease | NJOC2004010 | 19 E Nevada Ave | Beach Haven | $1,395,000 |
Price Decrease | NJOC2004800 | 228 Stratford Ave | Beach Haven | $1,999,900 |
Active Under Contract | NJOC2004450 | 111 W 18th St #2 | Ship Bottom | $399,000 |
Active Under Contract | NJOC2003070 | 24 W 12th St | Barnegat Light | $1,149,000 |
Active Under Contract | NJOC2004394 | 6808 Suffolk Pl | Harvey Cedars | $3,499,999 |
Pending | NJOC2000113 | 201 W 6th St | Ship Bottom | $850,000 |
Pending | NJOC2000005 | 111 E 26th St | Ship Bottom | $850,000 |
Pending | NJOC2004704 | 5708 Ocean Blvd #U1 | Long Beach Township | $995,000 |
Pending | NJOC2000225 | 1 E Stanton | Long Beach Township | $1,549,000 |
Pending | NJOC2003816 | 36-B Long Beach Blvd | Long Beach Township | $1,599,000 |
Pending | NJOC2000147 | 22 N 9th St | Surf City | $2,249,000 |
Closed | NJOC2003452 | 5003 Long Beach #U3 | Long Beach Township | $680,000 |
Closed | NJOC2000087 | 510 N Bay Ave #202 | Beach Haven | $875,000 |
Closed | NJOC2000181 | 279 S 2nd St | Surf City | $979,000 |
Closed | NJOC2000205 | 1 E 69th St | Harvey Cedars | $1,005,000 |
Closed | NJOC2001764 | 1404 S Bay Ave | Beach Haven | $1,275,000 |
Closed | NJOC2002814 | 27 E 23rd St | Long Beach Township | $1,325,000 |
Closed | NJOC2003276 | 258 N 2nd St | Surf City | $1,325,000 |
Closed | NJOC2000212 | 13015 Bayview | Long Beach Township | $1,400,000 |
Closed | NJOC2001622 | 112 8th St | Beach Haven | $1,600,000 |
Closed | NJOC2003750 | 1070 Long Beach #D | Long Beach Township | $1,695,000 |
Temporary Off Market | NJOC2005326 | 235 W 13th St | Ship Bottom | $700,000 |
Temporary Off Market | NJOC2005310 | 235 W 13th St | Ship Bottom | $700,000 |
Withdrawn | NJOC2002974 | 115 E Mermaid | Long Beach Township | $2,799,000 |
Expired | NJOC2000576 | 102 Roosevelt Ave #10 | Long Beach Township | $28,500 |
Expired | NJOC2003696 | 5403 Long Beach Blvd | Harvey Cedars | $1,799,000 |
LBI New Jersey Real Estate Sales Analysis
Even though the overall activity slowed down, the trends we have seen maintained. There were once again more pending sales than new listings, so the overall situation remains little changed. There were more sold homes, and this should only increase as buyers and sellers look to wrap up their LBI real estate transactions before the end of the year. There are 163 active listings in the MLS this week and 125 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 12/05/2021-12/12/2021 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
