LBI Real Estate Weekly Sales Update 12-3-2023 to 12-10-2023
- High Tides Digital Marketing
- Dec 10, 2023
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12-3-2023 to 12-10-2023
LBI Real Estate Weekly Sales Update 12-3-2023 to 12-10-2023: It was a busy week in the LBI real estate market. There were 46 changes to the MLS in the 08008 zip code, and roughly a quarter of this activity was in the form of pending sales. December, which is traditionally a slow month in real estate, is still very active on Long Beach Island! 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
7 new listings entered the market with an average price of $1,501,000
13 listings went under contract with an average listing price of about $2,132,231
6 properties sold on Long Beach Island with an average price of $1,991,500
2 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 12-3-2023 to 12-10-2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Address | City | Area | Zip Code | Current Price |
New Active | 9 Pearl St #1.E | Beach Haven | Long Beach Island | Zip Code 08008 | $799,000 |
New Active | 2300 Long Beach Blvd #7 | Ship Bottom | Long Beach Island | Zip Code 08008 | $819,000 |
New Active | 31 W 87th St | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,350,000 |
New Active | 7706 Long Beach Blvd | Harvey Cedars | Long Beach Island | Zip Code 08008 | $1,595,000 |
New Active | 7706 Long Beach Blvd | Harvey Cedars | Long Beach Island | Zip Code 08008 | $1,595,000 |
New Active | 1 East 29th Street | Barnegat Light | Long Beach Island | Zip Code 08008 | $1,650,000 |
New Active | 109 E Connecticut Ave | Beach Haven | Long Beach Island | Zip Code 08008 | $2,699,000 |
Back to Active | 110 Coral St | Beach Haven | Long Beach Island | Zip Code 08008 | $2,579,000 |
Back to Active | 2 W Cleveland | Long Beach Township | Long Beach Island | Zip Code 08008 | $5,999,000 |
Price Decrease | 1706 N Atlantic Ave | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,550,000 |
Price Decrease | 134 Belvoir | Beach Haven | Long Beach Island | Zip Code 08008 | $2,599,000 |
Active Under Contract | 28 W New Jersey Ave #E | Long Beach Township | Long Beach Island | Zip Code 08008 | $439,000 |
Active Under Contract | 216 N 1st St | Surf City | Long Beach Island | Zip Code 08008 | $999,999 |
Active Under Contract | 3 Starboard Rd | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,299,000 |
Active Under Contract | 17 Tebco Terrace | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,499,000 |
Active Under Contract | 2 Tennessee | Long Beach Township | Long Beach Island | Zip Code 08008 | $2,299,999 |
Active Under Contract | 111 E 29th St | Ship Bottom | Long Beach Island | Zip Code 08008 | $2,449,000 |
Active Under Contract | 108 E 29th St | Long Beach Township | Long Beach Island | Zip Code 08008 | $2,695,000 |
Active Under Contract | 103 E Dune Ln | Long Beach Township | Long Beach Island | Zip Code 08008 | $2,795,000 |
Active Under Contract | 26 N 24th St | Surf City | Long Beach Island | Zip Code 08008 | $3,649,000 |
Pending | 25 9th St | Beach Haven | Long Beach Island | Zip Code 08008 | $1,995,000 |
Pending | 610 N Bay Ave | Beach Haven | Long Beach Island | Zip Code 08008 | $2,300,000 |
Pending | 2214 Beach Ave | Long Beach Township | Long Beach Island | Zip Code 08008 | $2,649,000 |
Pending | 18 E Sand Dune | Long Beach Township | Long Beach Island | Zip Code 08008 | $2,650,000 |
Closed | 33 N 24th St #1 | Surf City | Long Beach Island | Zip Code 08008 | $1,500 |
Closed | 124 4th St | Beach Haven | Long Beach Island | Zip Code 08008 | $4,500 |
Closed | 119 3rd St | Beach Haven | Long Beach Island | Zip Code 08008 | $5,000 |
Closed | 17 W Wyoming Ave | Long Beach Township | Long Beach Island | Zip Code 08008 | $5,000 |
Closed | 10 E 85th St | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,150,000 |
Closed | 18 E 86th | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,225,000 |
Closed | 9 Alma | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,425,000 |
Closed | 232 W 16th St W | Ship Bottom | Long Beach Island | Zip Code 08008 | $1,499,000 |
Closed | 9 W Ryerson Ln | Long Beach Township | Long Beach Island | Zip Code 08008 | $2,025,000 |
Closed | 5506 Holly Avenue | Harvey Cedars | Long Beach Island | Zip Code 08008 | $4,625,000 |
Temporary Off Market | 124 E 17th St #2 | Ship Bottom | Long Beach Island | Zip Code 08008 | $419,000 |
Temporary Off Market | 109 W 25th St | Ship Bottom | Long Beach Island | Zip Code 08008 | $900,000 |
Temporary Off Market | 1104-I Long Beach | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,999,900 |
Temporary Off Market | 805 S Bay Ave | Beach Haven | Long Beach Island | Zip Code 08008 | $3,395,000 |
Withdrawn | 11 W 8th St | Barnegat Light | Long Beach Island | Zip Code 08008 | $989,000 |
Withdrawn | 9305 Mark Dr | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,895,000 |
Withdrawn | 17 E Delaware Ave | Long Beach Township | Long Beach Island | Zip Code 08008 | $2,500,000 |
Canceled | 232 W 16th St | Ship Bottom | Long Beach Island | Zip Code 08008 | $1,499,000 |
Canceled | 21 W 83rd St | Harvey Cedars | Long Beach Island | Zip Code 08008 | $4,399,999 |
Expired | 415 N Bay Ave | Beach Haven | Long Beach Island | Zip Code 08008 | $1,425,000 |
Expired | 5 E 42nd | Long Beach Township | Long Beach Island | Zip Code 08008 | $1,599,000 |
Expired | 113 E 26th St | Ship Bottom | Long Beach Island | Zip Code 08008 | $2,699,000 |
LBI New Jersey Real Estate Sales Analysis
The inventory-starved Long Beach Island real estate market saw little relief this week. There were almost twice as many pending sales as there were new listings. The next few weeks typically see a big slowdown in activity, and January into February are usually active months for new listings, so this condition might improve somewhere in the near future. As it stands, there are 100 active listings in the MLS this week and 51 pending sales. We can always assume that between 10% and 20% of the "active" inventory has some kind of offer or contract on it, so there are clearly very few options fo buyers in the LBI real estate market. 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 12-3-2023 to 12-10-2023, 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
