LBI Real Estate Weekly Sales Update 4/21/2019-4/28/2019

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/21/2019-4/28/2019

Long Beach Island Real Estate

LBI Real Estate  Weekly Sales Update 4/21/2019-4/28/2019: Overall the market was a little slower this week with a total of 93 changes to the MLS. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

• 21 new listings entered the market with an average price of $1,319,343

• 14 listings went under contact with an average listing price of about $1,058,264

• 16 properties sold on Long Beach Island with an average price of $977,219

• 14 listings were either withdrawn of expired in the LBI real estate market

LBI Real Estate Weekly Sales Update 4/21/2019-4/28/2019

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the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired).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
COM	NEW	6332	Long Beach	Harvey Cedars	$19,500	0	6
CONDO	NEW	401	Broadway	Barnegat Light	$189,900	308	4
SF	NEW	202	21st	Ship Bottom	$550,000	780	5
SF	NEW	35	South 33rd	Long Beach Twp	$579,900	1,113	2
SF	NEW	20	10th	Barnegat Light	$611,000	1,788	3
APT	NEW	216	18th	Ship Bottom	$625,000	1,800	5
SF	NEW	1094	Long Beach	Long Beach Twp	$719,000	1,344	6
SF	NEW	1120A	North Beach	Long Beach Twp	$739,000	1,204	5
SF	NEW	209	12th	Beach Haven Borough	$749,000	1,065	2
SF	NEW	228	17th	Surf City	$759,000	1,152	6
SF	NEW	11	Beardsley	Long Beach Twp	$779,900	960	4
SF	NEW	2712	Atlantic	Long Beach Twp	$829,000	1,646	3
SF	NEW	115	Osborn	Long Beach Twp	$945,000	2,805	1
SF	NEW	1010	Long Beach	Long Beach Twp	$949,000	1,948	8
SF	NEW	406	Central	Barnegat Light	$995,000	1,388	0
SF	NEW	27	Alabama	Long Beach Twp	$1,125,000	2,304	3
SF	NEW	316	5th	Ship Bottom	$1,299,000	3,135	1
COM	NEW	305	Bay	Beach Haven Borough	$1,495,000	6,000	2
SF	NEW	1123	Long Beach	Long Beach Twp	$2,999,999	3,790	3
SF	NEW	15	Ocean (Interior Lot)	Surf City	$4,499,000	4,400	6
SF	NEW	126	North Carolina	Long Beach Twp	$6,249,000	6,242	0
SF	BOM	5303	Long Beach	Long Beach Twp	$925,000	2,300	24
INOW	DOWN	12	78th Unit 7	Harvey Cedars	$125,000	1,000	1,441
CONDO	DOWN	5608	Ocean	Long Beach Twp	$329,000	728	88
CONDO	DOWN	20	Washington	Long Beach Twp	$350,000	720	58
CONDO	DOWN	500	Bay	Beach Haven Borough	$589,000	1,200	20
COM	DOWN	2901	Long Beach	Ship Bottom	$649,000	0	69
SF	DOWN	10	Cox	Harvey Cedars	$684,500	1,512	72
SF	DOWN	1215	Central	Ship Bottom	$819,999	2,310	52
SF	DOWN	97	27th	Ship Bottom	$869,000	2,160	111
SF	DOWN	1602	Central	Barnegat Light	$875,000	1,964	134
SF	DOWN	29	23rd	Long Beach Twp	$949,500	2,578	110
CONDO	DOWN	29	23rd	Long Beach Twp	$949,500	2,578	110
SF	DOWN	6C	82nd	Harvey Cedars	$975,000	945	449
SF	DOWN	110	Norwood	Beach Haven Borough	$1,099,000	2,096	181
SF	DOWN	222	Pearl	Beach Haven Borough	$1,269,000	2,500	116
SF	DOWN	706	Bay	Beach Haven Borough	$1,299,000	2,500	127
SF	DOWN	323	Liberty	Beach Haven Borough	$1,525,000	2,500	86
SF	DOWN	62	California	Long Beach Twp	$1,599,000	3,704	155
SF	DOWN	609	Atlantic	Beach Haven Borough	$1,699,000	1,894	37
COM	DOWN	1101	Bay	Beach Haven Borough	$1,699,000	0	394
SF	DOWN	1101	S Bay Ave	Beach Haven Borough	$1,699,000	4,256	441
SF	DOWN	149D	Long Beach	Long Beach Twp	$1,699,000	3,025	59
SF	DOWN	25	Barnegat	Harvey Cedars	$1,797,000	2,850	101
SF	DOWN	13	Buckingham	Harvey Cedars	$1,949,000	3,975	93
SF	DOWN	519	Ocean	Surf City	$2,475,000	3,184	210
SF	DOWN	917	Atlantic	Beach Haven Borough	$2,799,900	4,034	73
INOW	UP	11	74th Unit 2	Harvey Cedars	$135,000	950	135
SF	UP	115	Pearl	Beach Haven Borough	$1,512,500	3,429	67
CONDO	K	30	5th	Barnegat Light	$734,900	2,568	230
SF	K	30	5th	Barnegat Light	$734,900	2,568	187
SF	K	421	Coral	Beach Haven Borough	$795,000	1,944	137
SF	K	2706	Long Beach	Long Beach Twp	$1,450,000	4,257	156
INOW	P	4	79th	Harvey Cedars	$69,000	900	57
LND	P	14	Albright	Long Beach Twp	$525,000	8,500	153
COM	P	1511	Long Beach	Long Beach Twp	$595,000	0	242
CONDO	P	325	Engleside	Beach Haven Borough	$645,000	1,500	25
SF	P	1	Amherst	Long Beach Twp	$899,900	2,836	192
SF	P	450	Engleside	Beach Haven Borough	$1,279,000	2,340	56
SF	P	1201	Seaview	Barnegat Light	$1,395,000	2,736	140
SF	P	319	Iroquois	Beach Haven Borough	$1,695,000	3,000	108
SF	P	1113	Long Beach	Long Beach Twp	$1,999,000	2,872	107
MUL	P	1113	Long Beach	Long Beach Twp	$1,999,000	2,872	107
COM	W	325	9th	Beach Haven Borough	$69,900	0	178
SF	W	1709	Sunset	Surf City	$589,000	1,440	2
CONDO	W	2301	Long Beach Blvd	Long Beach Twp	$600,000	1,560	1
COM	W	305	Bay	Beach Haven Borough	$1,495,000	6,000	176
SF	V	215	Nautilus	Long Beach Twp	$1,895,000	3,273	243
SF	V	4405	Long Beach	Long Beach Twp	$2,499,000	3,100	147
CONDO	C	124	17th	Ship Bottom	$261,000	340	68
CONDO	C	310	West	Beach Haven Borough	$485,000	906	15
SF	C	125	27th	Ship Bottom	$545,000	1,000	301
SF	C	110	10th	Surf City	$564,500	1,312	26
SF	C	439	Schoderer	Surf City	$630,000	1,888	27
MUL	C	2	52nd	Long Beach Twp	$690,000	1,632	36
SF	C	30	Panorama	Long Beach Twp	$925,000	960	214
SF	C	104	25th	Ship Bottom	$930,000	2,476	148
SF	C	1004-F	Long Beach Blvd	Long Beach Twp	$975,000	1,710	37
SF	C	5000	Ocean	Long Beach Twp	$995,000	1,500	9
SF	C	140	Long Beach	Long Beach Twp	$1,150,000	2,910	102
SF	C	386	10th	Surf City	$1,280,000	2,940	166
SF	C	7212	Ocean	Long Beach Twp	$1,375,000	2,584	57
MUL	C	203	16th	Long Beach Twp	$1,400,000	3,000	457
SF	C	133	28th	Ship Bottom	$1,430,000	2,000	29
SF	C	12	29th	Barnegat Light	$2,000,000	2,994	187
SF	X	15	West 13th Street	Barnegat Light	$617,000	1,125	179
APT	X	330	Coral	Beach Haven Borough	$874,900	1,200	182
SF	X	3	16th	Barnegat Light	$890,000	0	265
SF	X	1010	Long Beach	Long Beach Twp	$939,000	1,948	169
SF	X	6605	Long Beach	Harvey Cedars	$1,090,000	2,250	187
SF	X	271	Pompano	Long Beach Twp	$1,325,000	2,793	86
SF	X	77 A	Long Beach Blvd	Long Beach Twp	$2,599,000	3,808	182
SF	X	126	North Carolina	Long Beach Twp	$6,242,000	6,242	110

LBI New Jersey Real Estate Sales Analysis

As I mentioned above overall activity was a little slower this week. This was especially noticeable in pending sales which dropped from 26 last week to only 14 this week (although it is worth mentioning that the average price was higher). There were a total of 25 price reductions this week as well which is rather high for a 1 week timeframe. Regardless the numbers have been pretty strong in the Spring real estate market on Long Beach Island. Homes are clearly selling and buyer confidence remains at an all time high even if overall market activity is a little slower than years past. 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 4/21/2019-4/28/2019 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

www.BuyLBI.com

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