LBI Real Estate Weekly Sales Update 3/27/22-4/3/2022
- High Tides Digital Marketing
- Apr 4, 2022
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/27/22-4/3/2022
LBI Real Estate Weekly Sales Update 3/27/22-4/3/2022: There were 45 changes to the Long Beach Island real estate market this week, and as usual there were more pending sales than new listings on the market. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
12 new listings entered the market with an average price of $1,699,167
15 listings went under contract with an average listing price of about $1,695,260
7 properties sold on Long Beach Island with an average price of $1,485,129
3 listings saw price reductions in the LBI real estate market and 2 listings came back on the market
LBI Real Estate Weekly Sales Update 3/27/22-4/3/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
Coming Soon | NJOC2008706 | 29 W Sumner Ave | Long Beach Township | $1,165,000 |
Coming Soon | NJOC2008778 | 12 Massachusetts Ave | Long Beach Township | $1,199,000 |
Coming Soon | NJOC2008764 | 6 E 29th St | Long Beach Township | $1,599,000 |
New Active | NJOC2008414 | 251 W 14th St | Ship Bottom | $805,000 |
New Active | NJOC2008582 | 124 W Delaware | Long Beach Township | $1,125,000 |
New Active | NJOC2008610 | 6 E 50th St | Long Beach Township | $1,199,000 |
New Active | NJOC2008634 | 8901 Long Beach Blvd | Long Beach Township | $1,250,000 |
New Active | NJOC2008714 | 19-A East 24th | Long Beach Township | $1,299,000 |
New Active | NJOC2008694 | 203 6th St | Beach Haven | $1,850,000 |
New Active | NJOC2008678 | 2510 N Atlantic Ave | Long Beach Township | $2,400,000 |
New Active | NJOC2008762 | 4 Marine Ln | Long Beach Township | $2,750,000 |
New Active | NJOC2008768 | 12 N 9th St | Surf City | $3,749,000 |
Back to Active | NJOC2000492 | 304 W 21st St | Ship Bottom | $2,395,000 |
Back to Active | NJOC2007598 | 107 Massachusetts | Long Beach Township | $2,450,000 |
Price Decrease | NJOC2007580 | 533-G Engleside Ave #G | Beach Haven | $475,000 |
Price Decrease | NJOC2003852 | 166-G Marina #G | Long Beach Township | $4,795,000 |
Price Decrease | NJOC2003410 | 27 Long Beach Blvd. | Long Beach Township | $13,850,000 |
Active Under Contract | NJOC2008632 | 238 W 13th St | Ship Bottom | $750,000 |
Active Under Contract | NJOC2008448 | 15 W Oceanview Dr | Long Beach Township | $1,999,000 |
Active Under Contract | NJOC2004800 | 228 Stratford Ave | Beach Haven | $1,999,900 |
Active Under Contract | NJOC2008122 | 45-C Long Beach Blvd | Long Beach Township | $3,595,000 |
Pending | NJOC2008250 | 431 Centre St | Beach Haven | $849,000 |
Pending | NJOC401908 | 208 N Bay Ave | Beach Haven | $869,000 |
Pending | NJOC2007590 | 9 Olsen Ave | Harvey Cedars | $1,049,000 |
Pending | NJOC2003614 | 5 W 30th St | Barnegat Light | $1,150,000 |
Pending | NJOC2007704 | 3 Macevoy | Long Beach Township | $1,175,000 |
Pending | NJOC2007814 | 254 N 3rd St | Surf City | $1,199,000 |
Pending | NJOC2000450 | 415 N Bay Ave | Beach Haven | $1,300,000 |
Pending | NJOC2008516 | 6003 Long Beach Blvd | Harvey Cedars | $1,550,000 |
Pending | NJOC2008360 | 10 E Lee Ave | Harvey Cedars | $1,800,000 |
Pending | NJOC2008258 | 14 E 14th St | Barnegat Light | $1,849,000 |
Pending | NJOC2008402 | 4911 S Long Beach Blvd | Long Beach Township | $4,295,000 |
Closed | NJOC410372 | 102 Roosevelt Ave W #BS -#33 | Long Beach Township | $29,000 |
Closed | NJOC2000191 | 1707 Barnegat Ave | Ship Bottom | $875,000 |
Closed | NJOC2006848 | 2202 Central Ave | Ship Bottom | $1,200,000 |
Closed | NJOC2004010 | 19 E Nevada Ave | Beach Haven | $1,366,900 |
Closed | NJOC2006258 | 17 E 45th | Long Beach Township | $1,625,000 |
Closed | NJOC2007824 | 5 S Ocean Ave | Surf City | $2,600,000 |
Closed | NJOC2004546 | 19 E 38th St E | Long Beach Township | $2,700,000 |
Temporary Off Market | NJOC2007388 | 321 W 16th St | Ship Bottom | $1,729,000 |
Canceled | NJOC2006856 | 2202 Central Ave #2 | Ship Bottom | $399,000 |
Canceled | NJOC2006852 | 2202 Central Ave #3 | Ship Bottom | $425,000 |
Expired | NJOC2004192 | 107 W 18th St | Ship Bottom | $798,000 |
Expired | NJOC2000498 | 1518 – 1520 Long Beach Blvd | Ship Bottom | $1,599,000 |
Expired | NJOC410572 | 1093-A Long Beach Blvd | Long Beach Township | $2,749,000 |
LBI New Jersey Real Estate Sales Analysis
The LBI real estate market continues to be very busy, and as we come into the spring market, buyers will face more challenges. Inventory remains at one of the lowest levels ever, and interest rates have begun to rise. It is doubtful that a minor increase in rates will impact our market, especially when inventory is so low and demand is so high, so the net result is that a buyer will pay more for a home on LBI. That said, there are opportunities in the market; you just have to know where to look! There are 80 active single-family home listings in the MLS this week and 95 pending single-family home 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 3/27/22-4/3/2022 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
