LBI Real Estate Weekly Sales Update 3/19/2023-3/26/2023
- High Tides Digital Marketing
- Mar 27, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/19/2023-3/26/2023
LBI Real Estate Weekly Sales Update 3/19/2023-3/26/2023: There were only 66 changes to the Long Beach Island real estate market this week, and almost a third of that activity was in the form of pending 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
12 new listings entered the market with an average price of $2,867,250
8 listings went under contract with an average listing price of about $2,222,250
13 properties sold on Long Beach Island with an average price of $1,843,173
10 listings saw price reductions in the LBI real estate maret
LBI Real Estate Weekly Sales Update 3/19/2023-3/26/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Current Price |
Coming Soon | NJOC2017220 | 215 8th St | Beach Haven | LBI | $1,300,000 |
Coming Soon | NJOC2017266 | 206 W 18th St | Ship Bottom | LBI | $1,325,000 |
Coming Soon | NJOC2015726 | 5300 West Ave | Long Beach Township | LBI | $1,699,000 |
Coming Soon | NJOC2017118 | 4803 S Long Beach Blvd | Long Beach Township | LBI | $5,100,000 |
New Active | NJOC2017162 | 200 E 26th | Long Beach Township | LBI | $1,895,000 |
New Active | NJOC2017250 | 177-B Long Beach | Long Beach Township | LBI | $1,899,000 |
New Active | NJOC2017212 | 1208 S Beach Ave | Beach Haven | LBI | $2,199,999 |
New Active | NJOC2017168 | 14 E 44th St | Long Beach Township | LBI | $2,249,000 |
New Active | NJOC2017240 | 6203 Bayview Ave | Long Beach Township | LBI | $2,495,000 |
New Active | NJOC2017084 | 102 E Weldon Pl | Long Beach Township | LBI | $2,695,000 |
New Active | NJOC2017242 | 27 E 37th | Long Beach Township | LBI | $2,949,999 |
New Active | NJOC2016598 | 122 E Wyoming | Long Beach Township | LBI | $8,599,999 |
Price Decrease | NJOC2015592 | 4 E Jerome Ave | Beach Haven | LBI | $1,149,000 |
Price Decrease | NJOC2016144 | 340 Kentford Ave | Beach Haven | LBI | $1,549,000 |
Price Decrease | NJOC2016012 | 340 Kentford Ave | Beach Haven | LBI | $1,549,000 |
Price Decrease | NJOC2014570 | 11 James St | Harvey Cedars | LBI | $1,790,000 |
Price Decrease | NJOC2016876 | 33 Hideaway Drive | Long Beach Township | LBI | $1,979,000 |
Price Decrease | NJOC2016858 | 411 N 3rd St | Surf City | LBI | $1,999,000 |
Price Decrease | NJOC2014678 | 83 W Tebco #D | Long Beach Township | LBI | $1,999,995 |
Price Decrease | NJOC2014674 | 83 W Tebco #C | Long Beach Township | LBI | $1,999,995 |
Price Decrease | NJOC2015588 | 13 E South 34th St | Long Beach Township | LBI | $2,399,000 |
Price Decrease | NJOC2016714 | 43-D Long Beach | Long Beach Township | LBI | $6,999,999 |
Active Under Contract | NJOC2015924 | 2702-Long Beach Blvd | Ship Bottom | LBI | $699,000 |
Active Under Contract | NJOC2017110 | 13 E 41st #A | Long Beach Township | LBI | $1,495,000 |
Active Under Contract | NJOC2016962 | 22 5th St | Beach Haven | LBI | $2,300,000 |
Pending | NJOC2016318 | 5715 Long Beach Blvd. | Long Beach Township | LBI | $36,000.00 |
Pending | NJOC2016336 | 5715 Long Beach Blvd. | Long Beach Township | LBI | $75,000 |
Pending | NJOC2016770 | 127 E 18th St | Ship Bottom | LBI | $1,875,000 |
Pending | NJOC2013968 | 5614 Holly Ave | Harvey Cedars | LBI | $2,799,000 |
Pending | NJOC2014470 | 59-D Long Beach Blvd | Long Beach Township | LBI | $8,499,000 |
Closed | NJOC2015190 | 218 N 18th St #C2 | Surf City | LBI | $675,000 |
Closed | NJOC2014966 | 310 W West Ave #K-3 | Beach Haven | LBI | $678,750 |
Closed | NJOC2014802 | 315 W 7th St | Ship Bottom | LBI | $795,000 |
Closed | NJOC2014978 | 110 E 23rd St | Ship Bottom | LBI | $850,000 |
Closed | NJOC2015568 | 102 W 26th St | Ship Bottom | LBI | $900,000 |
Closed | NJOC2013726 | 3101 S Long Beach Blvd S #0840 – UNIT 4 U | Long Beach Township | LBI | $960,000 |
Closed | NJOC2016528 | 2 W Winifred Ave | Long Beach Township | LBI | $1,280,000 |
Closed | NJOC2016202 | 603 Broadway | Barnegat Light | LBI | $1,450,000 |
Closed | NJOC2016550 | 122 6th St | Beach Haven | LBI | $1,599,000 |
Closed | NJOC2015802 | 39 N 17th St | Surf City | LBI | $1,900,000 |
Closed | NJOC2014744 | 1020-A Long Beach Blvd | Long Beach Township | LBI | $2,484,500 |
Closed | NJOC2007572 | 5 E Louisiana Ave | Long Beach Township | LBI | $2,489,000 |
Closed | NJOC2015740 | 6715 Ocean Blvd | Long Beach Township | LBI | $7,900,000 |
Canceled | NJOC2014210 | 124 E 17th St #2 | Ship Bottom | LBI | $399,000 |
Expired | NJOC2014856 | 218 Coral St #1 | Beach Haven | LBI | $1,100,000 |
Expired | NJOC2014854 | 218 Coral St #1 | Beach Haven | LBI | $1,100,000 |
Expired | NJOC2013266 | 14 E 44th | Long Beach Township | LBI | $2,299,000 |
Expired | NJOC2013564 | 150 Delaware | Long Beach Township | LBI | $2,395,000 |
LBI New Jersey Real Estate Sales Analysis
The market once again showed a balanced amount of activity. There were a few more new listings this week, but some of those new listings already have offers on them! One surprise was a high number of price reductions. We are still seeing some sellers push the market to a limit that it never was, and those homes are now needing to be reduced in price. A well priced home will sell very quickly and often times with multiple offers! There are 131 active listings in the MLS this week and 52 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 3/19/2023-3/26/2023 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
