LBI Real Estate Weekly Sales Update 4/14/2019-4/21/2019
- High Tides Digital Marketing
- Apr 22, 2019
- 6 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/14/2019-4/21/2019
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 4/14/2019-4/21/2019: Overall market activity dropped a little more this week compared to last week. Overall the spring market has shown great strength however if the slower activity continues it could reverse the gains made thus far. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
26 new listings entered the market with an average price of $1,546,377
26 listings went under contact with an average listing price of about $852,165
18 properties sold on Long Beach Island with an average price of $986,056
12 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 4/14/2019-4/21/2019
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the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired).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 Dir Prefix | Street Name | Municipality | Current Price | Sq Ft Total | DOM |
INOW | NEW | 17 | E | 76th | Harvey Cedars | $150,000 | 1,000 | 3 |
CONDO | NEW | 1000 | Bay | Beach Haven Borough | $429,000 | 652 | 10 | |
MUL | NEW | 1806 | Barnegat | Ship Bottom | $499,000 | 1,216 | 9 | |
SF | NEW | 112 | S | Barnegat | Surf City | $639,000 | 1,143 | 3 |
SF | NEW | 16 | W | Hobart | Long Beach Twp | $679,000 | 1,344 | 4 |
SF | NEW | 106 | E | 6th | Ship Bottom | $699,000 | 1,404 | 6 |
MUL | NEW | 106 | E | 6th | Ship Bottom | $699,000 | 1,575 | 6 |
SF | NEW | 128 | E | 29 | Ship Bottom | $799,000 | 1,496 | 7 |
SF | NEW | 320 | Norwood | Beach Haven Borough | $875,000 | 1,296 | 3 | |
SF | NEW | 31 | W | South 33rd | Long Beach Twp | $929,000 | 1,920 | 6 |
SF | NEW | 109 | Hobart | Long Beach Twp | $1,089,900 | 2,446 | 3 | |
SF | NEW | 11502 | Beach | Long Beach Twp | $1,149,000 | 1,864 | 5 | |
SF | NEW | 6305E | Long Beach | Harvey Cedars | $1,195,000 | 2,300 | 4 | |
SF | NEW | 5 | E | Winifred | Long Beach Twp | $1,249,000 | 2,400 | 3 |
SF | 133 | Long Beach | Long Beach Twp | $1,250,000 | 1,816 | 7 | ||
SF | NEW | 321 | Liberty | Beach Haven Borough | $1,545,000 | 2,500 | 4 | |
SF | NEW | 21 | E | Meade | Long Beach Twp | $1,549,000 | 3,200 | 4 |
SF | NEW | 320 | Iroquois | Beach Haven Borough | $1,550,000 | 2,500 | 4 | |
SF | NEW | 70 | Butler | Long Beach Twp | $1,595,000 | 3,052 | 7 | |
SF | NEW | 4 | Lower Little Island | Beach Haven Borough | $1,999,900 | 2,900 | 6 | |
SF | NEW | 3 | E | Mercer | Harvey Cedars | $2,100,000 | 2,467 | 4 |
SF | NEW | 352 | Dusty Miller | Long Beach Twp | $2,199,000 | 3,948 | 38 | |
SF | NEW | 474 | Schoderer | Surf City | $2,295,000 | 2,352 | 4 | |
SF | NEW | 24 | Panorama | Long Beach Twp | $3,049,000 | 4,200 | 4 | |
SF | NEW | 15 | N | Ocean (Interior Lot) | Surf City | $4,499,000 | 4,400 | 0 |
SF | NEW | 115 | E | Jerome | Long Beach Twp | $5,495,000 | 5,700 | 11 |
CONDO | DOWN | 21 | W | Pennsylvania | Long Beach Twp | $169,900 | 468 | 62 |
CONDO | DOWN | 11 | Cox Ave | Harvey Cedars | $539,000 | 912 | 37 | |
CONDO | DOWN | 500 | N | Bay | Beach Haven Borough | $589,000 | 1,200 | 14 |
SF | DOWN | 5406 | Long Beach | Harvey Cedars | $605,000 | 1,228 | 171 | |
SF | DOWN | 10 | Cox | Harvey Cedars | $684,500 | 1,512 | 66 | |
SF | DOWN | 97 | E | 27th | Ship Bottom | $869,000 | 2,160 | 105 |
SF | DOWN | 1602 | Central | Barnegat Light | $875,000 | 1,964 | 128 | |
SF | DOWN | 29 | E | 23rd | Long Beach Twp | $949,500 | 2,578 | 104 |
CONDO | DOWN | 29 | E | 23rd | Long Beach Twp | $949,500 | 2,578 | 104 |
SF | DOWN | 5413 | West | Long Beach Twp | $975,000 | 1,932 | 44 | |
SF | DOWN | 17 | W | 20th | Barnegat Light | $999,999 | 2,417 | 30 |
SF | DOWN | 12 | E | sailboat lane (89th) | Long Beach Twp | $1,197,500 | 2,113 | 165 |
SF | DOWN | 153C | Long Beach Boulevard | Long Beach Twp | $1,649,000 | 3,127 | 220 | |
COM | DOWN | 1101 | S | Bay | Beach Haven Borough | $1,699,000 | 0 | 388 |
SF | DOWN | 1101 | S Bay Ave | Beach Haven Borough | $1,699,000 | 4,256 | 435 | |
SF | DOWN | 149D | Long Beach | Long Beach Twp | $1,699,000 | 3,025 | 53 | |
SF | DOWN | 3008 | Beach | Long Beach Twp | $1,789,000 | 2,600 | 66 | |
SF | DOWN | 120 | E | Mermaid | Long Beach Twp | $2,250,000 | 2,781 | 67 |
SF | DOWN | 26 | Hideaway | Long Beach Twp | $2,395,000 | 4,100 | 452 | |
SF | UP | 1010 | Long Beach | Long Beach Twp | $949,000 | 1,948 | 167 | |
SF | K | 7301 | Long Beach | Long Beach Twp | $419,000 | 1,296 | 68 | |
CONDO | K | 7301 | Long Beach | Long Beach Twp | $419,000 | 1,296 | 77 | |
MUL | K | 1 | E | Jeanette | Long Beach Twp | $639,900 | 1,350 | 94 |
SF | K | 1 | E | Jeanette | Long Beach Twp | $639,900 | 1,350 | 95 |
MUL | K | 22 | E | 33rd | Long Beach Twp | $895,000 | 2,032 | 17 |
SF | K | 22 | E | 33rd | Long Beach Twp | $895,000 | 1,584 | 17 |
SF | K | 18 | Lange | Harvey Cedars | $1,100,000 | 2,604 | 79 | |
CONDO | P | 111 | E | 6th | Ship Bottom | $359,000 | 624 | 229 |
LND | P | 14 | Albright | Long Beach Twp | $525,000 | 8,500 | 153 | |
SF | P | 6208 | Long Beach Blvd. | Long Beach Twp | $575,000 | 1,400 | 57 | |
COM | P | 1511 | Long Beach | Long Beach Twp | $595,000 | 0 | 242 | |
SF | P | 125 | 6th | Beach Haven Borough | $699,000 | 1,536 | 235 | |
CONDO | P | 413 | 8th | Beach Haven Borough | $699,000 | 1,700 | 22 | |
SF | P | 7 | W | 51st | Long Beach Twp | $715,000 | 1,296 | 18 |
SF | P | 29 | E | Culver | Long Beach Twp | $750,000 | 1,320 | 87 |
SF | P | 102 | N | 13th | Surf City | $779,000 | 1,056 | 44 |
SF | P | 5303 | Long Beach | Long Beach Twp | $925,000 | 2,300 | 22 | |
SF | P | 5 | E | 44th | Long Beach Twp | $929,000 | 2,076 | 230 |
CONDO | P | 5 | E | 44th | Long Beach Twp | $929,000 | 2,076 | 230 |
SF | P | 2 | E | 13th | Barnegat Light | $999,000 | 2,394 | 73 |
SF | P | 103 | E | Surf | Long Beach Twp | $999,500 | 1,681 | 192 |
SF | P | 450 | Engleside | Beach Haven Borough | $1,279,000 | 2,340 | 56 | |
SF | P | 53 | Cedars | Harvey Cedars | $1,349,000 | 2,100 | 157 | |
SF | P | 1201 | Seaview | Barnegat Light | $1,395,000 | 2,736 | 140 | |
SF | P | 209 | E | South 33rd | Long Beach Twp | $1,699,000 | 2,039 | 10 |
SF | W | 1A | Louisiana | Long Beach Twp | $439,000 | 1,072 | 84 | |
SF | W | 1709 | Sunset | Surf City | $589,000 | 1,440 | 2 | |
SF | W | 320 | Norwood | Beach Haven Borough | $875,000 | 0 | 43 | |
SF | W | 3 | E | Mercer | Harvey Cedars | $2,100,000 | 2,467 | 419 |
SF | V | 215 | Nautilus | Long Beach Twp | $1,895,000 | 3,273 | 243 | |
COM | C | 2512 | Long Beach | Ship Bottom | $355,000 | 0 | 148 | |
CONDO | C | 1A | Louisiana | Long Beach Twp | $439,000 | 1,072 | 84 | |
SF | C | 30 | W | Sand Dune | Long Beach Twp | $520,000 | 924 | 25 |
SF | C | 125 | 27th | Ship Bottom | $545,000 | 1,000 | 301 | |
CONDO | C | 500 | S | Bay | Beach Haven Borough | $585,000 | 1,200 | 77 |
SF | C | 117 | 7th | Ship Bottom | $600,000 | 1,300 | 24 | |
CONDO | C | 12 | E | 41st | Long Beach Twp | $715,000 | 1,300 | 239 |
SF | C | 10 | E | 44th | Long Beach Twp | $755,000 | 1,056 | 30 |
MUL | C | 131 | E | 30th | Ship Bottom | $762,500 | 1,775 | 141 |
SF | C | 6 | Arnold | Long Beach Twp | $852,500 | 1,794 | 114 | |
SF | C | 3 | Warwick | Harvey Cedars | $925,000 | 1,600 | 8 | |
CONDO | C | 103 | E | Lillie | Long Beach Twp | $955,000 | 1,654 | 52 |
SF | C | 126 | 7th | Beach Haven Borough | $999,999 | 1,987 | 38 | |
SF | C | 140 | Long Beach | Long Beach Twp | $1,150,000 | 2,910 | 102 | |
MUL | C | 203 | E | 16th | Long Beach Twp | $1,400,000 | 3,000 | 457 |
SF | C | 12 | E | 29th | Barnegat Light | $2,000,000 | 2,994 | 187 |
SF | C | 8 | East 73rd Street | Harvey Cedars | $2,040,000 | 2,500 | 349 | |
SF | C | 805 | S | Atlantic | Beach Haven Borough | $2,150,000 | 2,100 | 65 |
INOW | X | 17 | E | 76th | Harvey Cedars | $150,000 | 1,000 | 274 |
SF | X | 12 | E | 41st | Long Beach Twp | $739,000 | 1,300 | 239 |
SF | X | 6305E | Long Beach | Harvey Cedars | $1,195,000 | 2,300 | 196 | |
SF | X | 271 | Pompano | Long Beach Twp | $1,325,000 | 2,793 | 86 | |
SF | X | 29 | 4th | Surf City | $1,375,000 | 2,400 | 159 | |
SF | X | 77 A | Long Beach Blvd | Long Beach Twp | $2,599,000 | 3,808 | 182 | |
SF | X | 168 | Long Beach | Long Beach Twp | $2,750,000 | 3,016 | 320 |
LBI New Jersey Real Estate Sales Analysis
The same number of new listings entered the market this week as last however the average price was driven much higher. This is thanks in part to several large oceanfront entering the LBI real estate sales market. Pending sales were much higher (19 last week and 26 this week) however the average price point was lower. There were 2 more closed transactions this week and the average price point was virtually the same as last week. Taken as a whole the LBI real estate market is performing well but the slower activity in recent weeks will have to be monitored. 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 4/14/2019-4/21/2019 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
