LBI Real Estate Weekly Sales Update 12-24-2023 to 12-31-2023
- High Tides Digital Marketing
- Dec 31, 2023
- 3 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12-24-2023 to 12-31-2023
LBI Real Estate Weekly Sales Update 12-24-2023 to 12-31-2023: For the last week of 2023, there were only 18 changes to the MLS. Activity in the LBI real estate market is always slow this time of year, but the trends we saw this week mimic the trends we have seen for the entire year-a balanced and growing market! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
4 new listings entered the market with an average price of $1,493,250
6 listings went under contract with an average listing price of about $1,374,500
4 properties sold on Long Beach Island with an average price of $1,583,750
2 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 12-24-2023 to 12-31-2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 Code | Current Price |
New Active | NJOC2022994 | 12010 Long Beach Blvd. | Long Beach Township | LBI | Zip Code 08008 | $1,075,000 |
New Active | NJOC2023048 | 5300 West Ave | Long Beach Township | LBI | Zip Code 08008 | $1,510,000 |
New Active | NJOC2022966 | 5 E 42nd | Long Beach Township | LBI | Zip Code 08008 | $1,589,000 |
New Active | NJOC2023034 | 126 E 26th St | Ship Bottom | LBI | Zip Code 08008 | $1,799,000 |
Price Decrease | NJOC2017598 | 110 Coral St | Beach Haven | LBI | Zip Code 08008 | $2,299,000 |
Price Decrease | NJOC2018290 | 19-B Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $6,949,000 |
Active Under Contract | NJOC2022854 | 21 E 49th St | Long Beach Township | LBI | Zip Code 08008 | $1,299,000 |
Active Under Contract | NJOC2022868 | 8 W 85th St | Long Beach Township | LBI | Zip Code 08008 | $1,799,000 |
Active Under Contract | NJOC2021518 | 1402 Bayview Ave | Barnegat Light | LBI | Zip Code 08008 | $2,549,000 |
Pending | NJOC2022988 | 12 E 78th St #2 | Harvey Cedars | LBI | Zip Code 08008 | $149,999 |
Pending | NJOC2022384 | 234 W 17th St | Ship Bottom | LBI | Zip Code 08008 | $800,000 |
Pending | NJOC2022820 | 1 East 29th Street | Barnegat Light | LBI | Zip Code 08008 | $1,650,000 |
Closed | NJOC2022382 | 232 W 17th St | Ship Bottom | LBI | Zip Code 08008 | $560,000 |
Closed | NJOC2020632 | 358 N 1st St | Surf City | LBI | Zip Code 08008 | $1,650,000 |
Closed | NJOC2021212 | 13600 Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $1,725,000 |
Closed | NJOC2020790 | 14 W 86th St | Harvey Cedars | LBI | Zip Code 08008 | $2,400,000 |
Temporary Off Market | NJOC2020094 | 51 N 21st St | Surf City | LBI | Zip Code 08008 | $2,745,000 |
Withdrawn | NJOC2013774 | 1035-C Long Beach | Long Beach Township | LBI | Zip Code 08008 | $7,499,999 |
LBI New Jersey Real Estate Sales Analysis
The end of 2023 marks a very interesting year in real estate. We witnessed massive interest rate increases while, at the same time, seeing prices continue to grow on LBI. Inventory remains the main challenge, with less than 100 homes for sale in the entirety of Long Beach Island! Overall, market conditions look to be improving for buyers as mortgage rates drop, but there is a strong possibility that this will also lead to more activity and higher prices. We will see what 2024 has in store for the LBI real estate market. There are 98 active listings in the MLS this week and 42 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 12-24-2023 to 12-31-2023, please do not hesitate to contact me. Have a Happy and Safe New Year. Cheers to 2024!
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
