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LBI Real Estate Weekly Sales Update 3/31/2019-4/7/2019

  • Writer: High Tides Digital Marketing
    High Tides Digital Marketing
  • Apr 7, 2019
  • 7 min read

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 3/31/2019-4/7/2019

LBI Real Estate Weekly Sales Update 3/31/2019-4/7/2019

Long Beach Island Real Estate

LBI Real Estate  Weekly Sales Update 3/31/2019-4/7/2019: With 137 changes to the Long Beach Island real estate market this week it is safe to say buyers and sellers were active! 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 37 new listings entered the market with an average price of $1,106,803

  • 23 listings went under contact with an average listing price of about $975,435

  • 16 properties sold on Long Beach Island with an average price of $1,184,813

  • 29 listings were either withdrawn of expired in the LBI real estate market



LBI Real Estate Weekly Sales Update 3/31/2019-4/7/2019

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, "P" means the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.

Type

Chg Type

Street Number

Street Name

Municipality

Current Price

Sq Ft Total

DOM

CONDO

NEW

1212

Central

Surf City

$429,000

750

2

CONDO

NEW

109

Atlantic

Beach Haven Borough

$480,000

736

8

SF

NEW

356

5th

Surf City

$619,000

1,248

1

SF

NEW

1

Janet

Long Beach Twp

$639,000

1,344

3

SF

NEW

6

26th

Long Beach Twp

$649,000

2,225

3

CONDO

NEW

108

19th

Long Beach Twp

$649,000

1,120

4

SF

NEW

7

51st

Long Beach Twp

$715,000

1,296

6

SF

NEW

28

Nevada

Long Beach Twp

$749,000

1,094

16

SF

NEW

13

79th

Harvey Cedars

$749,000

931

5

SF

NEW

18

Meadow Lane

Long Beach Twp

$795,000

2,110

2

SF

NEW

2

Lagoon

Long Beach Twp

$799,000

850

6

SF

NEW

232

27th

Ship Bottom

$799,999

1,020

2

SF

NEW

322

18

Ship Bottom

$849,900

1,708

6

SF

NEW

210

Marine

Beach Haven Borough

$869,000

1,792

0

SF

NEW

401

Pelham

Beach Haven Borough

$879,000

2,392

5

SF

NEW

22

33rd

Long Beach Twp

$895,000

1,584

2

SF

NEW

1504

Bayview

Barnegat Light

$895,000

2,248

6

SF

NEW

337

Cranberry

Long Beach Twp

$959,000

1,096

2

SF

NEW

101

Mermaid

Long Beach Twp

$974,900

2,402

5

SF

NEW

211

4th

Beach Haven Borough

$975,900

1,500

4

SF

NEW

8207

Bay

Harvey Cedars

$1,085,000

1,905

3

SF

NEW

20

South 34th

Long Beach Twp

$1,285,000

3,521

7

SF

NEW

1920

Virginia

Beach Haven Borough

$1,595,000

3,387

2

SF

NEW

209

South 33rd

Long Beach Twp

$1,699,000

2,039

1

SF

NEW

29

15th

Surf City

$1,799,000

2,200

4

SF

NEW

8106

Bay Terrace

Harvey Cedars

$2,395,000

3,141

3

SF

NEW

84

Bayview

Long Beach Twp

$2,495,000

2,500

5

SF

NEW

9

Cumberland

Harvey Cedars

$2,645,000

2,515

2

SF

NEW

121

Indiana

Long Beach Twp

$3,795,000

5,495

6

LND

NEW

1104

Central

Barnegat Light

$429,000

6,250

6

LND

NEW

1104

Central

Barnegat Light

$429,000

6,250

6

LND

NEW

2

Lagoon

Long Beach Twp

$799,000

0

6

LND

NEW

5201

Long Beach

Long Beach Twp

$1,200,000

0

6

LND

NEW

1903

Virginia

Beach Haven Borough

$1,359,000

0

1

MUL

NEW

38

13th

Surf City

$799,000

1,000

2

MUL

NEW

401

Pelham

Beach Haven Borough

$879,000

2,392

5

MUL

NEW

22

33rd

Long Beach Twp

$895,000

2,032

2

CONDO

BOM

5003

Long Beach

Long Beach Twp

$499,900

800

187

APT

BOM

2106

Long Beach Blvd.

Surf City

$598,000

1,250

190

SF

BOM

9

E South 34th

Long Beach Twp

$689,000

1,184

186

SF

BOM

11

13th

Long Beach Twp

$699,000

1,120

623

SF

BOM

358

6th

Surf City

$925,000

2,324

184

SF

BOM

18

Dupont

Long Beach Twp

$1,199,000

2,548

147

SF

BOM

103-B

Long Beach

Long Beach Twp

$1,699,000

3,200

89

SF

BOM

3

Mercer

Harvey Cedars

$2,100,000

2,467

408

COM

BOM

2106

Long Beach Blvd.

Surf City

$598,000

2,500

190

MUL

BOM

18

Dupont

Long Beach Twp

$1,199,000

2,548

146

CONDO

DOWN

21

Pennsylvania

Long Beach Twp

$174,900

468

47

CONDO

DOWN

217

11th

Ship Bottom

$350,000

720

19

SF

DOWN

111

27th

Ship Bottom

$574,900

910

192

SF

DOWN

14

Joan

Long Beach Twp

$599,000

1,600

134

SF

DOWN

204

Pennsylvania

Beach Haven Borough

$645,000

1,008

55

SF

DOWN

10

15th

Long Beach Twp

$659,900

816

92

SF

DOWN

26

3rd

Barnegat Light

$759,900

1,500

124

SF

DOWN

102

13th

Surf City

$779,000

1,056

36

SF

DOWN

18

Arnold

Long Beach Twp

$789,000

2,316

213

SF

DOWN

9201

Beach

Long Beach Twp

$875,000

1,472

201

SF

DOWN

14

Buckingham

Harvey Cedars

$879,000

1,642

94

SF

DOWN

17

20th

Barnegat Light

$1,023,000

2,417

15

SF

DOWN

4

Lillie

Long Beach Twp

$1,079,000

2,200

45

SF

DOWN

110

Norwood

Beach Haven Borough

$1,169,000

2,096

160

SF

DOWN

5303

Long Beach

Long Beach Twp

$1,249,000

1,104

39

SF

DOWN

8104

Bay Terrace

Harvey Cedars

$1,699,900

1,954

48

SF

DOWN

61-D

Sunset

Long Beach Twp

$1,899,000

3,107

181

LND

DOWN

400

Leeward

Beach Haven Borough

$1,495,000

27,466

458

MUL

DOWN

14

Joan

Long Beach Twp

$599,000

1,600

134

MUL

DOWN

16

Harding

Long Beach Twp

$599,000

1,776

50

MUL

DOWN

204

Pennsylvania

Beach Haven Borough

$645,000

1,008

55

MUL

DOWN

21

3rd

Surf City

$979,000

1,632

94

SF

K

254

4th

Surf City

$579,000

1,368

128

SF

K

417

Coral

Beach Haven Borough

$685,000

1,458

207

MUL

K

2

52nd

Long Beach Twp

$699,000

1,632

20

CONDO

P

1A

Louisiana

Long Beach Twp

$439,000

1,072

84

SF

P

1A

Louisiana

Long Beach Twp

$439,000

1,072

84

CONDO

P

1805

Long Beach

Ship Bottom

$459,000

1,398

245

SF

P

343

4th

Surf City

$619,000

1,090

80

SF

P

210

21st

Ship Bottom

$650,000

1,527

8

SF

P

236

22nd

Ship Bottom

$650,000

1,056

33

SF

P

115

29th

Ship Bottom

$700,000

1,192

43

SF

P

3

24TH

Barnegat Light

$725,000

1,800

124

SF

P

4

Joseph

Long Beach Twp

$775,000

1,580

16

SF

P

4001

Julia

Long Beach Twp

$849,000

2,100

212

CONDO

P

103

Lillie

Long Beach Twp

$999,000

1,654

52

SF

P

283

3rd

Surf City

$1,149,000

2,112

191

SF

P

27

5th

Surf City

$1,199,000

1,200

156

SF

P

12

77th

Harvey Cedars

$1,349,000

2,170

178

SF

P

104

Kansas

Long Beach Twp

$1,399,000

2,240

230

SF

P

20

Lillie

Long Beach Twp

$1,399,000

2,891

0

SF

P

130

9th

Beach Haven Borough

$1,425,000

2,443

25

SF

P

12300

Beach

Long Beach Twp

$1,449,000

3,571

428

SF

P

209

20th

Long Beach Twp

$1,500,000

1,314

148

SF

P

805

Atlantic

Beach Haven Borough

$2,299,000

2,100

65

CONDO

W

1810

Central

Ship Bottom

$399,500

875

120

SF

W

1003

Central

Surf City

$579,000

1,152

121

SF

W

6

26th

Long Beach Twp

$649,000

2,225

300

SF

W

211

4th

Beach Haven Borough

$975,900

1,500

211

SF

W

227

4th

Beach Haven Borough

$1,475,000

2,470

300

COM

W

2702

long beach boulevard

Long Beach Twp

$847,500

0

945

SF

V

24

CONNECTICUT (83RD)

Long Beach Twp

$1,199,000

2,556

16

SF

C

1106

Barnegat

Surf City

$430,000

985

30

CONDO

C

601

Del

Beach Haven Borough

$589,500

2,000

174

SF

C

364

6th

Ship Bottom

$590,000

1,280

58

SF

C

2103

Highland

Long Beach Twp

$600,000

1,032

102

SF

C

11

Bayberry

Long Beach Twp

$660,000

1,456

30

SF

C

1405

Central Ave

Surf City

$670,000

1,700

34

SF

C

365

6th

Surf City

$965,000

1,824

234

SF

C

210

6th

Beach Haven Borough

$975,000

1,700

44

SF

C

8

West 23rd Street

Barnegat Light

$1,240,000

2,745

206

SF

C

382

10th

Surf City

$1,270,000

2,565

117

SF

C

135

16th

Ship Bottom

$1,342,500

2,364

109

SF

C

4801

Long Beach

Long Beach Twp

$1,525,000

1,000

36

SF

C

18

Long Beach

Long Beach Twp

$3,000,000

4,888

182

SF

C

1064E

Long Beach

Long Beach Twp

$3,225,000

3,630

178

LND

C

97-C

Long Beach Blvd

Long Beach Twp

$1,350,000

0

30

MUL

C

1003

Central

Surf City

$525,000

1,152

121

CONDO

X

1117

Long Beach

Surf City

$459,000

878

217

SF

X

1117

Long Beach

Surf City

$459,000

878

192

SF

X

13

79th

Harvey Cedars

$759,000

931

324

SF

X

6

Cohasset

Long Beach Twp

$764,000

1,350

182

SF

X

18

Meadow Lane

Long Beach Twp

$795,000

2,110

314

SF

X

12

41st

Long Beach Twp

$799,000

1,300

339

CONDO

X

12

41st

Long Beach Twp

$799,000

1,300

339

SF

X

1504

Bayview

Barnegat Light

$895,000

2,248

159

SF

X

2

Kentucky

Long Beach Twp

$899,900

2,656

187

SF

X

5808

Ocean

Long Beach Twp

$1,100,000

1,686

13

SF

X

20

South 34th

Long Beach Twp

$1,285,000

3,521

586

SF

X

20

Lillie

Long Beach Twp

$1,399,000

2,891

55

SF

X

8106

Bay Terrace

Harvey Cedars

$2,395,000

3,141

211

SF

X

84

Bayview

Long Beach Twp

$2,495,000

2,500

607

SF

X

10-F

Long Beach

Long Beach Twp

$2,995,000

3,060

445

SF

X

10-E & F

Long Beach Boulevard

Long Beach Twp

$3,899,000

3,060

396

SF

X

10-B-F

Long Beach Boulevard

Long Beach Twp

$5,995,000

3,060

445

LND

X

1104

Central

Barnegat Light

$429,000

6,250

199

LND

X

1104

Central

Barnegat Light

$429,000

6,250

187

LND

X

10-B

Long Beach

Long Beach Twp

$785,000

0

100

LND

X

10-C

Long Beach

Long Beach Twp

$875,000

0

214

MUL

X

115

15th

Surf City

$648,500

1,280

176



LBI New Jersey Real Estate Sales Analysis

For the second week in a row pending sales and closed sales were higher. This is good news for the market. Until March the LBI real estate was lagging well behind 2018 and 2017. March closed some of that gap with more closed sales. Right now there are more active listings, many of which have never been on the market before, and this has helped increase the number of homes going under contract. Overall things are looking positive for the Long Beach Island real estate market in 2019. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 3/31/2019-4/7/2019 please do not hesitate to contact me.




By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com



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