LBI Real Estate Weekly Sales Update 12-10-2023 to 12-17-2023
- High Tides Digital Marketing
- Dec 18, 2023
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12-10-2023 to 12-17-2023
LBI Real Estate Weekly Sales Update 12-10-2023 to 12-17-2023: There were 36 changes to the LBI real estate market this week, which is about average activity. As usual, sales were balanced across the market with a nearly equal number of new listings and pending sales. In addition to this LBI real estate weekly sales update, be sure to visit my monthly analysis of home sales on Long Beach Island NJ. This page tracks all activity in the Long Beach Island real estate market month by month and helps to give buyers, sellers, and investors some good insight into LBI real estate market activity. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $2,225,250
5 listings went under contract with an average listing price of about $1,055,600
11 properties sold on Long Beach Island with an average price of $1,503,036
4 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 12-10-2023 to 12-17-2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Zip | Current Price |
New Active | NJOC2022864 | 27 Jacqueline Ave, Unit A | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $925,000 |
New Active | NJOC2022918 | 510 N Bay Ave #302 | Beach Haven | Long Beach Island (LBI) | Zip Code 08008 | $999,000 |
New Active | NJOC2022854 | 21 E 49th St | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $1,299,000 |
New Active | NJOC2022868 | 8 W 85th St | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $1,799,000 |
New Active | NJOC2022900 | 14 E 81st St | Harvey Cedars | Long Beach Island (LBI) | Zip Code 08008 | $2,295,000 |
New Active | NJOC2022896 | 166-D Marina Blvd | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $2,495,000 |
New Active | NJOC2022588 | 166-D Marina Blvd | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $2,495,000 |
New Active | NJOC2022590 | 166-E Marina Blvd | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $5,495,000 |
Back to Active | NJOC2021276 | 358 W 6th St | Ship Bottom | Long Beach Island (LBI) | Zip Code 08008 | $995,000 |
Price Decrease | NJOC2021878 | 315 W 10th St | Ship Bottom | Long Beach Island (LBI) | Zip Code 08008 | $889,000 |
Price Decrease | NJOC2020878 | 510 N Bay Ave #202 | Beach Haven | Long Beach Island (LBI) | Zip Code 08008 | $979,000 |
Price Decrease | NJOC2021656 | 356 W 14th St | Ship Bottom | Long Beach Island (LBI) | Zip Code 08008 | $1,799,999 |
Price Decrease | NJOC2014470 | 59-D Long Beach Blvd | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $7,900,000 |
Active Under Contract | NJOC2022384 | 234 W 17th St | Ship Bottom | Long Beach Island (LBI) | Zip Code 08008 | $800,000 |
Active Under Contract | NJOC2022478 | 109 W 25th St | Ship Bottom | Long Beach Island (LBI) | Zip Code 08008 | $900,000 |
Pending | NJOC2022170 | 218 11th St | Beach Haven | Long Beach Island (LBI) | Zip Code 08008 | $979,000 |
Pending | NJOC2021932 | 216 N 1st St | Surf City | Long Beach Island (LBI) | Zip Code 08008 | $999,999 |
Pending | NJOC2020784 | 202 E Chatsworth Ave | Beach Haven | Long Beach Island (LBI) | Zip Code 08008 | $1,599,000 |
Closed | NJOC2021308 | 114 E 23rd St #11 | Ship Bottom | Long Beach Island (LBI) | Zip Code 08008 | $849,000 |
Closed | NJOC2021388 | 316 N 8th St | Surf City | Long Beach Island (LBI) | Zip Code 08008 | $925,000 |
Closed | NJOC2021002 | 110 W Pennsylvania Ave | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $999,900 |
Closed | NJOC2020696 | 15 E 25th | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $1,185,000 |
Closed | NJOC2020900 | 15 W Rhode Island Ave | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $1,345,000 |
Closed | NJOC2021660 | 12 Roberts Dr | Ship Bottom | Long Beach Island (LBI) | Zip Code 08008 | $1,350,000 |
Closed | NJOC2020714 | 21 W 87th St | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $1,510,000 |
Closed | NJOC2020874 | 25 9th St | Beach Haven | Long Beach Island (LBI) | Zip Code 08008 | $1,875,000 |
Closed | NJOC2022462 | 11410 Beach | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $1,995,500 |
Closed | NJOC2020950 | 18 4th St | Beach Haven | Long Beach Island (LBI) | Zip Code 08008 | $1,999,000 |
Closed | NJOC2022464 | 300 S Atlantic Ave | Beach Haven | Long Beach Island (LBI) | Zip Code 08008 | $2,500,000 |
Temporary Off Market | NJOC2016388 | 57-B Long Beach Blvd | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $7,595,000 |
Withdrawn | NJOC2017734 | 2 W Cleveland | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $5,999,000 |
Canceled | NJOC2021182 | 234 N 6th St | Surf City | Long Beach Island (LBI) | Zip Code 08008 | $1,599,000 |
Canceled | NJOC2020588 | 1 Hudson Ave | Harvey Cedars | Long Beach Island (LBI) | Zip Code 08008 | $2,499,000 |
Expired | NJOC2015294 | 12904 Long Beach | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $1,450,000 |
Expired | NJOC2015348 | 1210 Long Beach Blvd. Unit D | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $2,149,000 |
Expired | NJOC2015346 | 1210 Long Beach Blvd. Unit C | Long Beach Township | Long Beach Island (LBI) | Zip Code 08008 | $2,149,000 |
LBI New Jersey Real Estate Sales Analysis
The stand-out statistic this week was the average price of a pending home sale in the LBI real estate market. It was just over $1,000,000, which is the first time we have seen a number that low in years! In fact, of the 5 pending sales this week, only one was over $1,000,000! I don't take this to mean the market is in any way experiencing trouble or a downturn, rather it just shows that there are still affordable options in the LBI real estate market. There are 182 active listings in the MLS this week and 41 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 12-10-2023 to 12-17-2023, 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
