LBI Real Estate Weekly Sales Update 3/23/2020-3/30/2020
- High Tides Digital Marketing
- Mar 29, 2020
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/23/2020-3/30/2020
LBI Real Estate Weekly Sales Update 3/23/2020-3/30/2020: There were only 57 changes to the Long Beach Island real estate market this week. This is a considerable slowdown in the LBI real estate market, most likely due to the impact of coronavirus. As a comparison, there were 103 changes to the market last week! 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
14 new listings entered the market with an average price of $2,434,779
8 listings went under contact with an average listing price of about $879,875
10 properties sold on Long Beach Island with an average price of $800,850
13 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 3/23/2020-2/30/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Cat | Address | City | Current Price – Decimal |
Coming Soon | RES | 5413 Ocean Blvd | Long Beach Township | $3,599,000 |
New Active | RES | 403 8th St | Beach Haven | $749,900 |
New Active | RES | 57 Bayview Dr | Long Beach Township | $949,000 |
New Active | RES | 2422 Long Beach | Long Beach Township | $1,299,000 |
New Active | RES | 12 E E 77th. St. St E | Harvey Cedars | $1,499,000 |
New Active | RES | 128 W Winifred | Long Beach Township | $1,579,000 |
New Active | RES | 5 E 83rd St | Harvey Cedars | $1,750,000 |
New Active | RES | 400 Jefferis Ave | Beach Haven | $1,990,000 |
New Active | RES | 161-E Long Beach #E | Long Beach Township | $2,999,999 |
New Active | RES | 61-D Long Beach #D | Long Beach Township | $7,199,000 |
New Active | RES | 7-A Long Beach Blvd. | Long Beach Township | $7,699,000 |
New Active | MUL | 8 14th | Long Beach Township | $525,000 |
New Active | MUL | 288 Division Ave | Surf City | $799,000 |
New Active | LAND | 332 Cranberry | Long Beach Township | $1,450,000 |
Back to Active | RES | 30 N 3rd St | Surf City | $799,000 |
Back to Active | RES | 401 Pelham Ave | Beach Haven | $849,000 |
Back to Active | RES | 115 E 20th | Long Beach Township | $1,124,900 |
Back to Active | RES | 3 Buckingham Ave | Harvey Cedars | $1,295,000 |
Back to Active | RES | 11 E 75th St | Harvey Cedars | $1,675,000 |
Back to Active | MUL | 30 N 3rd St | Surf City | $799,000 |
Back to Active | MUL | 401 Pelham Ave | Beach Haven | $849,000 |
Price Decrease | RES | 209 W 27th St | Ship Bottom | $769,000 |
Price Decrease | RES | 16 E S 31st | Long Beach Township | $1,099,000 |
Price Decrease | RES | 116 E Lillie Ave. | Long Beach Township | $1,824,900 |
Price Increase | RES | 9 E Stanton Ave | Long Beach Township | $1,850,000 |
Price Increase | RES | 466 Schroderer Lane | Surf City | $2,399,000 |
Pending | RES | 3 W 9th St | Barnegat Light | $520,000 |
Pending | RES | 9 W Coughlan | Long Beach Township | $599,000 |
Pending | RES | 9809 Beach Ave | Long Beach Township | $749,000 |
Pending | RES | 406 Amber St | Beach Haven | $779,000 |
Pending | RES | 1002-D Long Beach Blvd | Long Beach Township | $849,000 |
Pending | RES | 11 E 9th St | Barnegat Light | $899,000 |
Pending | RES | 3005 Beach | Long Beach Township | $1,295,000 |
Pending | RES | 13 E 23rd St | Long Beach Township | $1,349,000 |
Closed | RES | 20 Washington Ave #1 | Long Beach Township | $325,000 |
Closed | RES | 2 W Janet Rd #2 | Long Beach Township | $380,000 |
Closed | RES | 328 N 13th St | Surf City | $700,000 |
Closed | RES | 5 E 28th St | Barnegat Light | $785,000 |
Closed | RES | 22 N 18th St | Surf City | $852,000 |
Closed | RES | 102 E Kentucky | Long Beach Township | $915,000 |
Closed | RES | 332 W 4th St | Ship Bottom | $1,050,000 |
Closed | RES | 268 Division Ave | Surf City | $1,225,000 |
Closed | RES | 55 W Ohio Ave | Long Beach Township | $1,775,000 |
Closed | RESL | 1000 S Bay Ave #18 | Beach Haven | $1,500 |
Temporary Off Market | RES | 17 W Washington | Long Beach Township | $699,900 |
Temporary Off Market | RES | 274 W 10th St | Ship Bottom | $949,999 |
Temporary Off Market | RES | 209 W 22nd St | Ship Bottom | $974,000 |
Temporary Off Market | RES | 2 W Jeffrey | Long Beach Township | $1,249,000 |
Withdrawn | RES | 207 W 5th St | Ship Bottom | $699,900 |
Canceled | RES | 161 Long Beach Blvd #-E | Long Beach Township | $2,999,000 |
Canceled | RES | 61d Long Beach Blvd | Long Beach Township | $7,995,000 |
Canceled | LAND | 5517 West Ave | Long Beach Township | $519,000 |
Expired | RES | 17 E 76th St #9 | Harvey Cedars | $148,500 |
Expired | RES | 229 E 11th St #B | Beach Haven | $399,000 |
Expired | RES | 12 E 77th St | Harvey Cedars | $1,499,000 |
Expired | RES | 121 E Massachusetts Ave | Long Beach Township | $3,195,000 |
Expired | RES | 121 Kansas Ave | Long Beach Township | $3,200,000 |
LBI New Jersey Real Estate Sales Analysis
A slowdown in activity is certainly to be expected. Overall the outlook for the LBI real estate market seems very positive but with the travel restrictions in place, volatility in the stock market and a general fear of strangers being in a house, a drop in market activity has been anticipated. As an example, there were 4 listings this week that were temporarily withdrawn, most likely as a result of coronavirus. Likewise, there were 7 deals that fell apart and came back on the market. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI Real Estate Weekly Sales Update 3/23/2020-3/30/2020 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
