LBI Real Estate Weekly Sales Update 4/23/2023-4/30/2023
- High Tides Digital Marketing
- Apr 30, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/23/2023-4/30/2023
LBI Real Estate Weekly Sales Update 4/23/2023-4/30/2023: There were only 66 changes to the Long Beach Island real estate market this week, and almost a third of that activity was in the form of pending sales! 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 on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
9 new listings entered the market with an average price of $1,692,772
8 listings went under contract with an average listing price of about $1,664,874
10 properties sold on Long Beach Island with an average price of $2,289,650
9 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 4/23/2023-4/30/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Area | Current Price |
New Active | NJOC2018084 | 310 S West Ave #D-1 | Beach Haven | LBI | $825,000 |
New Active | NJOC2018052 | 234 W 10th St | Ship Bottom | LBI | $949,000 |
New Active | NJOC2018060 | 11902 Long Beach | Long Beach Township | LBI | $1,299,000 |
New Active | NJOC2017944 | 1609 W West Ave | Beach Haven | LBI | $1,395,000 |
New Active | NJOC2017950 | 13 S Central Ave | Surf City | LBI | $1,549,000 |
New Active | NJOC2017998 | 113 21st | Long Beach Township | LBI | $1,575,000 |
New Active | NJOC2018092 | 102 N 2nd St | Surf City | LBI | $2,399,000 |
New Active | NJOC2018106 | 10101 Beach Ave | Long Beach Township | LBI | $2,595,000 |
New Active | NJOC2018096 | 49 N 1st St | Surf City | LBI | $2,649,000 |
Back to Active | NJOC2015260 | 40 7th Street | Surf City | LBI | $2,899,000 |
Price Decrease | NJOC2017358 | 228 W 6th St | Ship Bottom | LBI | $899,990 |
Price Decrease | NJOC2016778 | 1032-A Long Beach Blvd | Long Beach Township | LBI | $1,350,000 |
Price Decrease | NJOC2016884 | 13 W 79th St | Harvey Cedars | LBI | $1,379,000 |
Price Decrease | NJOC2014570 | 11 James St | Harvey Cedars | LBI | $1,695,000 |
Price Decrease | NJOC2016756 | 18 4th | Beach Haven | LBI | $2,099,000 |
Price Decrease | NJOC2015940 | 33 W 87th | Long Beach Township | LBI | $2,100,000 |
Price Decrease | NJOC2002956 | 3205 Ocean | Long Beach Township | LBI | $2,199,000 |
Price Decrease | NJOC2017102 | 1090 – E Long Beach Blvd | Long Beach Township | LBI | $2,199,000 |
Price Decrease | NJOC2015566 | 5-W S 32nd | Long Beach Township | LBI | $3,775,000 |
Price Increase | NJOC2008264 | 4302 S Long Beach Blvd | Long Beach Township | LBI | $3,049,000 |
Active Under Contract | NJOC2017220 | 215 8th St | Beach Haven | LBI | $1,250,000 |
Active Under Contract | NJOC2016936 | 1046-B Long Beach Blvd | Long Beach Township | LBI | $2,100,000 |
Pending | NJOC2014614 | 401 Broadway #10 | Barnegat Light | LBI | $449,000 |
Pending | NJOC2017292 | 108 W 14th St | Beach Haven | LBI | $1,200,000 |
Pending | NJOC2017266 | 206 W 18th St | Ship Bottom | LBI | $1,325,000 |
Pending | NJOC2014678 | 83 W Tebco #D | Long Beach Township | LBI | $1,999,995 |
Pending | NJOC2016962 | 22 5th St | Beach Haven | LBI | $2,300,000 |
Pending | NJOC2016180 | 17 N 12th St | Surf City | LBI | $2,695,000 |
Closed | NJOC2013628 | 109 22nd #1ST FLOOR | Long Beach Township | LBI | $2,600 |
Closed | NJOC2015442 | 2320 Central Ave | Ship Bottom | LBI | $900,000 |
Closed | NJOC2014932 | 321 Centre St | Beach Haven | LBI | $1,150,000 |
Closed | NJOC2016050 | 3805 Long Beach Blvd | Long Beach Township | LBI | $1,899,000 |
Closed | NJOC2003326 | 22 Harding | Long Beach Township | LBI | $1,975,000 |
Closed | NJOC2016608 | 42c Long Beach | Long Beach Township | LBI | $2,250,000 |
Closed | NJOC2012952 | 3 E 20th St | Long Beach Township | LBI | $2,420,000 |
Closed | NJOC2012464 | 2 E 83rd St | Harvey Cedars | LBI | $2,799,900 |
Closed | NJOC2016064 | 2803 Long Beach Boulevard S | Beach Haven | LBI | $4,700,000 |
Closed | NJOC2015292 | 44-E Long Beach Blvd | Long Beach Township | LBI | $4,800,000 |
Temporary Off Market | NJOC2018002 | 310 S West Ave #D-1 | Beach Haven | LBI | $825,000 |
Temporary Off Market | NJOC2009758 | 1013-A Long Beach | Long Beach Township | LBI | $1,899,000 |
Temporary Off Market | NJOC2015800 | 101 N 1st Street | Surf City | LBI | $2,199,000 |
Temporary Off Market | NJOC2015716 | 17 E Delaware Ave | Long Beach Township | LBI | $2,500,000 |
Canceled | NJOC2017384 | 25 E 49th | Long Beach Township | LBI | $1,999,000 |
Canceled | NJOC2014354 | 10101 Beach Ave | Long Beach Township | LBI | $2,595,000 |
Expired | NJOC2014696 | 17 E 29th | Long Beach Township | LBI | $1,199,000 |
Expired | NJOC2014400 | 1918 N Long Beach Blvd | Surf City | LBI | $1,595,000 |
Expired | NJOC2014524 | 1512 S Beach Ave | Beach Haven | LBI | $2,275,000 |
LBI New Jersey Real Estate Sales Analysis
The LBI real estate market saw a near balance between new listings and pending sales this week. There were a higher number of price reductions this week, with a total of 9. This is not surprising as many of the new listings that have entered the market recently have been priced far too high (to a level that the LBI real estate market never saw). To be clear, these price drops are not an indication that prices are dropping on Long Beach Island. Rather, the sellers have had to bring their prices in line with where the LBI real estate market is. Buyer activity is still very strong and the average price of a sold home is over $2,200,000! There are 129 active listings in the MLS this week and 51 pending 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 4/23/2023-4/30/2023 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
