LBI Real Estate Weekly Sales Update 2/28/2021-3/7/2021
- High Tides Digital Marketing
- Mar 7, 2021
- 6 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 2/28/2021-3/7/2021
LBI Real Estate Weekly Sales Update 2/28/2021-3/7/2021: The LBI real estate market showed higher levels of activity this week with almost 90 changes to the MLS. While this is good to see, the number of homes for sale in the Long Beach Island real estate market is at an all time low. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
15 new listings entered the market with an average price of $813,716
33 listings went under contract with an average listing price of about $1,256,431
24 properties sold on Long Beach Island with an average price of $849,967
10 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 2/28/2021-3/7/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Area | Current Price – Decimal |
New Active | NJOC407496 | 105 W 25th St | Ship Bottom | LBI | $499,000 |
New Active | NJOC407654 | 105 W 25th St | Ship Bottom | LBI | $499,000 |
New Active | NJOC407528 | 257 N 3rd St | Surf City | LBI | $750,000 |
New Active | NJOC406840 | 2302 Central Ave | Ship Bottom | LBI | $825,000 |
New Active | NJOC407484 | 5 Alexis Pl | Long Beach Township | LBI | $929,000 |
New Active | NJOC407666 | 5 W 4th St | Barnegat Light | LBI | $949,999 |
New Active | NJOC407698 | 132 E 5th St | Beach Haven | LBI | $1,099,000 |
New Active | NJOC407554 | 132 E 5th St | Beach Haven | LBI | $1,099,000 |
New Active | NJOC407602 | 108 S 1st St | Surf City | LBI | $1,199,000 |
New Active | NJOC407520 | 115 E Mermaid Ln | Long Beach Township | LBI | $1,250,000 |
New Active | NJOC407490 | 115 E Mermaid Ln | Long Beach Township | LBI | $1,250,000 |
New Active | NJOC407486 | 445 Engleside Ave | Beach Haven | LBI | $1,595,000 |
New Active | NJOC407658 | 147 W Jeanette Ave | Long Beach Township | LBI | $1,799,000 |
New Active | NJOC2000022 | 44 Harbor Dr | Long Beach Township | LBI | $1,799,000 |
New Active | NJOC407628 | 5307 Long Beach | Long Beach Township | LBI | $2,150,000 |
Back to Active | NJOC404902 | 112 Shore Ave | Surf City | LBI | $1,100,000 |
Price Decrease | NJOC404576 | 2502 Long Beach Blvd. #3B | Ship Bottom | LBI | $649,000 |
Price Decrease | NJOC407464 | 161 Long Beach #D | Long Beach Township | LBI | $1,450,000 |
Price Decrease | NJOC397518 | 215 Centre St | Beach Haven | LBI | $1,459,500 |
Price Decrease | NJOC405732 | 14 E 29th St | Barnegat Light | LBI | $3,499,000 |
Price Increase | NJOC405366 | 1 Cedars Ave | Harvey Cedars | LBI | $1,379,000 |
Active Under Contract | NJOC405506 | 35 Sunset Blvd #G3 | Long Beach Township | LBI | $49,900 |
Active Under Contract | NJOC404400 | 111 W 18th St #1 | Ship Bottom | LBI | $619,000 |
Active Under Contract | NJOC407068 | 18 W Rosemma | Long Beach Township | LBI | $879,000 |
Active Under Contract | NJOC406580 | 16 W 6th St | Barnegat Light | LBI | $895,000 |
Active Under Contract | NJOC407146 | 38 Sailboat | Long Beach Township | LBI | $905,000 |
Active Under Contract | NJOC407222 | 124 East Lillie Ave | Long Beach Township | LBI | $1,499,900 |
Active Under Contract | NJOC407220 | 14 31st | Long Beach Township | LBI | $1,595,000 |
Active Under Contract | NJOC407366 | 1-D Sunset Blvd | Long Beach Township | LBI | $1,695,000 |
Active Under Contract | NJOC406654 | 8302 Beach Ave | Long Beach Township | LBI | $1,924,999 |
Active Under Contract | NJOC406562 | 819 N Ocean Ave | Surf City | LBI | $2,995,000 |
Pending | NJOC407700 | 1504 S Beach Ave #3 | Beach Haven | LBI | $699,000 |
Pending | NJOC402388 | 261 W 19th St | Ship Bottom | LBI | $799,000 |
Pending | NJOC407616 | 5305-A Long Beach Blvd #A | Harvey Cedars | LBI | $849,000 |
Pending | NJOC406250 | 5500 Long Beach | Long Beach Township | LBI | $899,900 |
Pending | NJOC407368 | 23 W Sailboat | Long Beach Township | LBI | $929,000 |
Pending | NJOC403096 | 1 E 68th St | Harvey Cedars | LBI | $989,500 |
Pending | NJOC403320 | 5300 West | Long Beach Township | LBI | $997,000 |
Pending | NJOC407200 | 275 W 27th St | Ship Bottom | LBI | $999,000 |
Pending | NJOC406686 | 17 E 14th St | Barnegat Light | LBI | $1,175,000 |
Pending | NJOC406570 | 17 E 14th St | Barnegat Light | LBI | $1,175,000 |
Pending | NJOC404242 | 4900-B Long Beach #B | Long Beach Township | LBI | $1,380,000 |
Pending | NJOC405792 | 217 Nautilus Dr | Long Beach Township | LBI | $1,399,000 |
Pending | NJOC407478 | 15 S 2nd St | Surf City | LBI | $1,599,000 |
Pending | NJOC406744 | 2202 Central Ave | Barnegat Light | LBI | $1,649,000 |
Pending | NJOC406916 | 8 Mermaid Ln | Long Beach Township | LBI | $1,649,000 |
Pending | NJOC385778 | 4700a Bay Ter | Long Beach Township | LBI | $1,699,000 |
Pending | NJOC406458 | 21 Buckingham Ave | Harvey Cedars | LBI | $1,850,000 |
Pending | NJOC404140 | 112 N Ohio | Long Beach Township | LBI | $1,899,000 |
Pending | NJOC404914 | 12106 Sunset | Long Beach Township | LBI | $2,295,000 |
Pending | NJOC403200 | 420 Nelson Ave | Beach Haven | LBI | $2,695,000 |
Pending | NJOC406368 | 12 E 83rd St | Harvey Cedars | LBI | $2,699,000 |
Pending | NJOC400832 | 3701 Long Beach Blvd S | Long Beach Township | LBI | $2,700,000 |
Pending | NJOC402490 | 2601 S Long Beach Blvd | Long Beach Township | LBI | $4,395,000 |
Closed | NJOC404222 | 1905 Pennsylvania Ave | Ship Bottom | LBI | $389,900 |
Closed | NJOC391092 | 1801 S Long Beach Blvd | Ship Bottom | LBI | $412,500 |
Closed | NJOC405680 | 130 Chatsworth Ave #7 | Beach Haven | LBI | $560,000 |
Closed | NJOC406494 | 8 W Harrington | Long Beach Township | LBI | $580,000 |
Closed | NJOC406492 | 8 W Harrington | Long Beach Township | LBI | $580,000 |
Closed | NJOC404862 | 346 W 5th St | Ship Bottom | LBI | $800,000 |
Closed | NJOC405602 | 19 W Jeanette Ave | Long Beach Township | LBI | $915,000 |
Closed | NJOC405908 | 115 S 3rd St | Surf City | LBI | $925,000 |
Closed | NJOC406334 | 105 S Barnegat Ave | Surf City | LBI | $940,000 |
Closed | NJOC404966 | 13 E 14th St | Barnegat Light | LBI | $962,500 |
Closed | NJOC403518 | 126 E 7th St | Ship Bottom | LBI | $999,900 |
Closed | NJOC406008 | 407 Coral St #A | Beach Haven | LBI | $999,999 |
Closed | NJOC398804 | 24 W Winifred | Long Beach Township | LBI | $1,099,000 |
Closed | NJOC406192 | 1002 N Beach Ave | Beach Haven | LBI | $1,125,000 |
Closed | NJOC403522 | 1106 S Bay Ave | Beach Haven | LBI | $1,150,000 |
Closed | NJOC406434 | 18 E 8th St | Barnegat Light | LBI | $1,150,000 |
Closed | NJOC405656 | 45 Amherst | Long Beach Township | LBI | $1,200,000 |
Closed | NJOC403650 | 135 W Maryland #1 | Long Beach Township | LBI | $1,212,000 |
Closed | NJOC406208 | 5909 Ocean Blvd #1 &2 | Long Beach Township | LBI | $1,240,000 |
Closed | NJOC405676 | 135 Maryland #2 | Long Beach Township | LBI | $1,313,000 |
Closed | NJOC397794 | 10 W Pershing | Long Beach Township | LBI | $1,355,000 |
Closed | NJOC406272 | 327 Norwood Ave | Beach Haven | LBI | $1,450,000 |
Closed | NJOC401580 | 1201 S Beach Ave | Beach Haven | LBI | $2,125,000 |
Closed | NJOC407544 | 12 E Burlington Ave | Harvey Cedars | LBI | $3,080,000 |
Temporary Off Market | NJOC405346 | 199 Nautilus Dr | Long Beach Township | LBI | $4,495,000 |
Withdrawn | NJOC407676 | 1607 Long Beach Boulevard | Surf City | LBI | $1,395,000 |
Withdrawn | NJOC407598 | 100 21st | Long Beach Township | LBI | $1,999,000 |
Withdrawn | NJOC407382 | 12 E 17th St | Long Beach Township | LBI | $2,100,000 |
Expired | NJOC401308 | 11 E 74th Unit 3 Ave | Harvey Cedars | LBI | $105,000 |
Expired | NJOC403848 | 1504 S Beach Ave #3 | Beach Haven | LBI | $699,000 |
Expired | NJOC402316 | 1 Marine St #5 | Beach Haven | LBI | $799,000 |
Expired | NJOC402468 | 1 Lange Ave | Harvey Cedars | LBI | $989,000 |
Expired | NJOC402462 | 1 Lange Ave | Harvey Cedars | LBI | $989,000 |
Expired | NJOC402310 | 108 Lavenia | Long Beach Township | LBI | $2,450,000 |
LBI New Jersey Real Estate Sales Analysis
Inventory, or lack thereof, is the major issue in the LBI real estate market. There are only about 70 active homes for sale at the moment, and a number of these either have offers or are under contract. By my estimation, there are only about 30 or so unencumbered listings in the Long Beach Island real estate market right now. Buyers have to be VERY CAREFUL not to make an emotional mistake in such a 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 11/17/2019-11/24/2019 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
