LBI Real Estate Weekly Sales Update 3/12/2023-3/19/2023
- High Tides Digital Marketing
- Mar 19, 2023
- 3 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/12/2023-3/19/2023
LBI Real Estate Weekly Sales Update 3/12/2023-3/19/2023: With 36 changes to the Long Beach Island real estate sales market this week, we saw several new listings enter the market. This is welcome news for buyers who are looking to enter into a transaction for Summer 2023. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $2,127,100
6 listings went under contract with an average listing price of about $1,298,500
7 properties sold on Long Beach Island with an average price of $2,573,429
5 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 3/12/2023-3/19/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price – Decimal |
New Active | NJOC2016562 | 324 N 2nd St | Surf City | $1,349,000 |
New Active | NJOC2017110 | 13 E 41st #A | Long Beach Township | $1,495,000 |
New Active | NJOC2016956 | 258 N 6th St | Surf City | $1,599,000 |
New Active | NJOC2016770 | 127 E 18th St | Ship Bottom | $1,875,000 |
New Active | NJOC2016756 | 18 4th | Beach Haven | $2,179,000 |
New Active | NJOC2016936 | 1046-B Long Beach Blvd | Long Beach Township | $2,195,000 |
New Active | NJOC2017102 | 1090 – E Long Beach Blvd | Long Beach Township | $2,299,000 |
New Active | NJOC2016962 | 22 5th St | Beach Haven | $2,300,000 |
New Active | NJOC2017048 | 5 W 17th | Long Beach Township | $2,590,000 |
New Active | NJOC2016796 | 168-F W Long Beach | Long Beach Township | $3,390,000 |
Price Decrease | NJOC2016960 | 116 E Maryland Ave | Long Beach Township | $1,049,000 |
Price Decrease | NJOC2015592 | 4 E Jerome Ave | Beach Haven | $1,199,000 |
Price Decrease | NJOC2013478 | 22 E 10th St | Barnegat Light | $2,499,000 |
Price Decrease | NJOC2016180 | 17 N 12th St | Surf City | $2,695,000 |
Price Decrease | NJOC2013968 | 5614 Holly Ave | Harvey Cedars | $2,799,000 |
Active Under Contract | NJOC2014932 | 321 Centre St | Beach Haven | $1,199,000 |
Active Under Contract | NJOC2012672 | 3200 Long Beach Blvd | Long Beach Township | $1,399,000 |
Pending | NJOC2017016 | 256 N 13th St N | Surf City | $954,000 |
Pending | NJOC2016696 | 10 E 20th Street | Long Beach Township | $990,000 |
Pending | NJOC2016202 | 603 Broadway | Barnegat Light | $1,599,000 |
Pending | NJOC2016576 | 103 W Lavenia Ave | Long Beach Township | $1,650,000 |
Closed | NJOC2015492 | 20 Amber St #E11 | Beach Haven | $450,000 |
Closed | NJOC2014496 | 1 W Joshua | Long Beach Township | $1,549,000 |
Closed | NJOC2013174 | 107 W 15th St | Ship Bottom | $1,950,000 |
Closed | NJOC2016436 | 275 W 27th St | Ship Bottom | $2,395,000 |
Closed | NJOC2016066 | 22 S 1st St | Surf City | $3,220,000 |
Closed | NJOC2015736 | 4911 S Long Beach Blvd | Long Beach Township | $3,700,000 |
Closed | NJOC2016244 | 6209 Ocean | Long Beach Township | $4,750,000 |
Temporary Off Market | NJOC2014810 | 8211 Long Beach Blvd | Long Beach Township | $1,349,000 |
Withdrawn | NJOC2016782 | 256 N 13th St N | Surf City | $954,000 |
Canceled | NJOC2015580 | 8901 Long Beach Boulevard | Long Beach Township | $1,099,000 |
Canceled | NJOC2015584 | 8901 Long Beach | Long Beach Township | $1,099,000 |
Canceled | NJOC2016216 | 603 Broadway | Barnegat Light | $1,599,000 |
Canceled | NJOC2016160 | 169-B Long Beach Blvd | Long Beach Township | $5,495,000 |
Expired | NJOC2013496 | 109 22nd | Long Beach Township | $1,750 |
Expired | NJOC2013578 | 150 Delaware | Long Beach Township | $2,395,000 |
LBI New Jersey Real Estate Sales Analysis
Overall, the market activity was balanced this week between new listings, pending sales and closed transactions. There were several listings that left the market being either expired or withdrawn from the MLS. There are 127 active listings in the MLS this week and 60 pending sales. Inventory has slowly been increasing over the last several weeks, but it is still historically very low. 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 3/12/2023-3/19/2023 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
