LBI Real Estate Weekly Sales Update 12/11/2022-12/18/2022
- High Tides Digital Marketing
- Dec 20, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/11/2022-12/18/2022
LBI Real Estate Weekly Sales Update 12/11/2022-12/18/2022: As 2022 winds down, we continue to see strong activity in the LBI real estate market. There were 45 changes to the MLS this week with a balanced number of listings and 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 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
10 new listings entered the market with an average price of $1,936,300
8 listings went under contract with an average listing price of about $1,852,125
12 properties sold on Long Beach Island with an average price of $1,909,625
0 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 12/11/2022-12/18/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
New Active | NJOC2015190 | 218 N 18th St #C2 | Surf City | $699,000 |
New Active | NJOC2015398 | 5419-A Long Beach Blvd | Harvey Cedars | $1,400,000 |
New Active | NJOC2015294 | 12904 Long Beach | Long Beach Township | $1,549,000 |
New Active | NJOC2015332 | 7800 Ocean | Long Beach Township | $1,550,000 |
New Active | NJOC2015334 | 108, 110 N Bay Ave | Beach Haven | $1,598,000 |
New Active | NJOC2015118 | 232 W 16th St W | Ship Bottom | $1,695,000 |
New Active | NJOC2015354 | 10 E 19th St | Barnegat Light | $2,125,000 |
New Active | NJOC2015346 | 1210 Long Beach Blvd. Unit C | Long Beach Township | $2,149,000 |
New Active | NJOC2015312 | 230 Fairview Ave | Beach Haven | $2,799,000 |
New Active | NJOC2015338 | 813 N Ocean Ave | Surf City | $3,799,000 |
Back to Active | NJOC2015148 | 8001 Long Beach Blvd | Harvey Cedars | $1,599,000 |
Active Under Contract | NJOC2013498 | 1817 Ocean Ave | Ship Bottom | $2,100,000 |
Active Under Contract | NJOC2014580 | 12400 Ocean Ave | Long Beach Township | $3,299,000 |
Pending | NJOC2014028 | 375 W 6th St | Ship Bottom | $799,999 |
Pending | NJOC2014086 | 1220 Central Ave | Ship Bottom | $999,000 |
Pending | NJOC2013950 | 319 S 3rd St | Surf City | $1,100,000 |
Pending | NJOC2015368 | 25 N 13th Street | Surf City | $1,799,000 |
Pending | NJOC2013242 | 304 W 21st St | Ship Bottom | $2,295,000 |
Pending | NJOC2014016 | 114 Amber St | Beach Haven | $2,425,000 |
Closed | NJOC2011612 | 325 9th St | Beach Haven | $90,000 |
Closed | NJOC2011286 | 270 W 16th St | Ship Bottom | $907,500 |
Closed | NJOC2013908 | 205 W 27th St | Ship Bottom | $979,000 |
Closed | NJOC2007360 | 2602 Long Beach Blvd | Ship Bottom | $1,247,000 |
Closed | NJOC2014440 | 6 86th St | Long Beach Township | $1,725,000 |
Closed | NJOC2009266 | 1621 N Long Beach Blvd | Surf City | $1,800,000 |
Closed | NJOC2013066 | 69-C Long Beach | Long Beach Township | $1,900,000 |
Closed | NJOC2013970 | 216 Fairview Ave | Beach Haven | $2,000,000 |
Closed | NJOC2013312 | 105 W Kimberly Ave | Long Beach Township | $2,500,000 |
Closed | NJOC2014528 | 32 N 14th St | Surf City | $2,599,000 |
Closed | NJOC2007206 | 4 E Goodrich Ave | Long Beach Township | $3,369,000 |
Closed | NJOC2014454 | 356 Dusty Miller Dr | Long Beach Township | $3,799,000 |
Withdrawn | NJOC2013872 | 29 N 13th Street | Surf City | $3,299,000 |
Canceled | NJOC2011062 | 12 Harding Ave #UNIT EAST | Long Beach Township | $1,100,000 |
Canceled | NJOC2011064 | 12 Harding Ave #UNIT WEST | Long Beach Township | $1,150,000 |
Canceled | NJOC2011508 | 12 Harding | Long Beach Township | $2,200,000 |
Expired | NJOC2012644 | 111 N Central Ave | Surf City | $900,000 |
Expired | NJOC2011024 | 7403 Long Beach Blvd | Harvey Cedars | $999,000 |
Expired | NJOC2010854 | 7403 Long Beach Blvd | Harvey Cedars | $999,000 |
Expired | NJOC2007356 | 2602 Long Beach Blvd | Ship Bottom | $1,395,000 |
Expired | NJOC2010720 | 23 E 38th #UNIT A | Beach Haven | $1,999,000 |
Expired | NJOC2011044 | 248 W 10th St | Ship Bottom | $2,195,000 |
Expired | NJOC2010856 | 1208 S Beach Ave | Beach Haven | $2,490,000 |
Expired | NJOC2010612 | 17 Delaware Ave | Long Beach Township | $2,790,000 |
Expired | NJOC2010322 | 129 E 31st St | Ship Bottom | $3,579,000 |
Expired | NJOC2013296 | 11804 Sunset Ter | Long Beach Township | $3,995,000 |
LBI New Jersey Real Estate Sales Analysis
It was a very balanced week with new listings and pending sales. This is the second week in a row that saw a merger increase, but for the prior several weeks, there were more pending sales than new listings. Overall, inventory levels are still very low. There are 116 active listings in the MLS this week and 59 pending sales. Interestingly enough, if a buyer purchased a home in the first half of 2022 on Long Beach Island, they should have a positive equity position based on the current trends in spite of rising interest rates. The low levels of inventory seem to have a great deal to do with this very interesting trend. This is the last weekly update before December 25th, so I hope everyone has a very Merry Christmas! 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 12/11/2022-12/18/2022 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
