LBI Real Estate Weekly Sales Update 4/25/2021-5/2/2021
- High Tides Digital Marketing
- May 6, 2021
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/25/2021-5/2/2021
LBI Real Estate Weekly Sales Update 4/25/2021-5/2/2021: There were a total 66 changes to the Long Beach Island real estate market this week. Sales continued to show a little more balance than we have seen over the past year. This is a good a healthy thing as it restores some of the normalcy to the home buying process on Long Beach Island. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
17 new listings entered the market with an average price of $1,763,141
14 listings went under contract with an average listing price of about $1,545,771
23 properties sold on Long Beach Island with an average price of $1,121,935
8 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 4/25/2021-5/2/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 – Decimal |
New Active | NJOC409342 | 10 W Winifred #U1 | Long Beach Township | LBI | $475,000 |
New Active | NJOC409060 | 111 57th St (Selfridge) W | Long Beach Township | LBI | $874,499 |
New Active | NJOC408676 | 1008 N Long Beach Blvd | Surf City | LBI | $895,000 |
New Active | NJOC408672 | 1008 N Long Beach Blvd | Surf City | LBI | $895,000 |
New Active | NJOC409294 | 256 N 7th St | Surf City | LBI | $899,000 |
New Active | NJOC409272 | 215 E 12th St | Beach Haven | LBI | $959,000 |
New Active | NJOC409186 | 287 W 19th St | Ship Bottom | LBI | $999,000 |
New Active | NJOC408628 | 106 E 4th St | Ship Bottom | LBI | $1,499,000 |
New Active | NJOC409276 | 120 Taylor Ave | Beach Haven | LBI | $1,500,000 |
New Active | NJOC408068 | 7913 Long Beach Blvd | Long Beach Township | LBI | $1,595,999 |
New Active | NJOC409216 | 2 Buckingham Ave | Harvey Cedars | LBI | $1,790,000 |
New Active | NJOC408524 | 113 E 32nd St | Long Beach Township | LBI | $1,799,900 |
New Active | NJOC409382 | 261 W 19th St | Ship Bottom | LBI | $1,899,000 |
New Active | NJOC408806 | 1506 N Barnegat Ave | Surf City | LBI | $1,899,000 |
New Active | NJOC408662 | 12 E 30th St | Barnegat Light | LBI | $3,499,000 |
New Active | NJOC409420 | 3205 Ocean Blvd | Long Beach Township | LBI | $3,995,000 |
New Active | NJOC409394 | 209 E 22nd St | Long Beach Township | LBI | $4,500,000 |
Back to Active | NJOC408924 | 204 S Atlantic Ave #104 | Beach Haven | LBI | $425,000 |
Back to Active | NJOC409036 | 115 W Pennsylvania Avenue | Long Beach Township | LBI | $850,000 |
Price Increase | NJOC409336 | 35 S 2nd St | Surf City | LBI | $1,325,000 |
Price Increase | NJOC408430 | 1 Surf Ave E | Long Beach Township | LBI | $1,669,000 |
Active Under Contract | NJOC409206 | 4 Buckingham Ave | Harvey Cedars | LBI | $799,000 |
Active Under Contract | NJOC407920 | 12 Starboard | Long Beach Township | LBI | $825,000 |
Active Under Contract | NJOC409052 | 16 W Harrington Ave #A | Long Beach Township | LBI | $899,900 |
Active Under Contract | NJOC408218 | 1106 S Beach Ave | Beach Haven | LBI | $1,389,000 |
Pending | NJOC406970 | 2500 Blvd Unit #4A | Ship Bottom | LBI | $365,000 |
Pending | NJOC408974 | 2510 Long Beach Blvd #1B | Ship Bottom | LBI | $689,900 |
Pending | NJOC408970 | 328 W 6th St | Ship Bottom | LBI | $999,000 |
Pending | NJOC408484 | 17 Connecticut | Long Beach Township | LBI | $1,059,000 |
Pending | NJOC407294 | 7604 Ocean Blvd. | Long Beach Township | LBI | $1,250,000 |
Pending | NJOC409192 | 8 W Roosevelt Ave | Long Beach Township | LBI | $1,695,000 |
Pending | NJOC408408 | 17 W Harding Ave | Long Beach Township | LBI | $1,950,000 |
Pending | NJOC408406 | 15 W Harding Ave | Long Beach Township | LBI | $2,250,000 |
Pending | NJOC408844 | 4703 S Long Beach | Long Beach Township | LBI | $3,275,000 |
Pending | NJOC404488 | 15 N Ocean Ave | Surf City | LBI | $4,195,000 |
Closed | NJOC405506 | 35 Sunset Blvd #G3 | Long Beach Township | LBI | $42,500 |
Closed | NJOC403456 | 137 E Maryland Ave E #4 | Long Beach Township | LBI | $500,000 |
Closed | NJOC407732 | 129 Pearl St #6 | Beach Haven | LBI | $551,000 |
Closed | NJOC401994 | 9 Pearl St #2C | Beach Haven | LBI | $650,000 |
Closed | NJOC403626 | 901 Ocean Ave #925 | Ship Bottom | LBI | $675,000 |
Closed | NJOC397150 | 510 N Bay Ave #203 | Beach Haven | LBI | $679,000 |
Closed | NJOC398540 | 1406 Bayview Ave | Barnegat Light | LBI | $750,000 |
Closed | NJOC407818 | 223 N 2nd St | Surf City | LBI | $855,000 |
Closed | NJOC407528 | 257 N 3rd St | Surf City | LBI | $875,000 |
Closed | NJOC400090 | 421 2nd St | Beach Haven | LBI | $937,000 |
Closed | NJOC404826 | 3 E 15th St | Barnegat Light | LBI | $949,000 |
Closed | NJOC408404 | 101 E Florida Ave | Long Beach Township | LBI | $1,075,000 |
Closed | NJOC408166 | 25 E 49th St | Long Beach Township | LBI | $1,150,000 |
Closed | NJOC405242 | 507 Drexel Ave | Ship Bottom | LBI | $1,200,000 |
Closed | NJOC408398 | 362 N 5th St | Surf City | LBI | $1,250,000 |
Closed | NJOC407724 | 328 Essex Ave | Beach Haven | LBI | $1,375,000 |
Closed | NJOC406918 | 10 W 21st St | Long Beach Township | LBI | $1,380,000 |
Closed | NJOC405792 | 217 Nautilus Dr | Long Beach Township | LBI | $1,430,000 |
Closed | NJOC409360 | 12 Old Whaling | Long Beach Township | LBI | $1,525,000 |
Closed | NJOC407220 | 14 31st | Long Beach Township | LBI | $1,670,000 |
Closed | NJOC407366 | 1-D Sunset Blvd | Long Beach Township | LBI | $1,685,000 |
Closed | NJOC402442 | 7 Seaview Dr S | Long Beach Township | LBI | $2,201,000 |
Closed | NJOC408786 | 124 E Sand Dune | Long Beach Township | LBI | $2,400,000 |
Withdrawn | NJOC407116 | 2500 Blvd Unit #4A | Ship Bottom | LBI | $3,100.00 |
Withdrawn | NJOC406550 | 109 N 3rd St | Surf City | LBI | $819,000 |
Withdrawn | NJOC402650 | 12415 Ocean | Long Beach Township | LBI | $3,400,000 |
Canceled | NJOC406874 | 3205 Ocean #1 | Long Beach Township | LBI | $105,000 |
Canceled | NJOC401096 | 3205 Ocean #7 | Long Beach Township | LBI | $109,000 |
Expired | NJOC405698 | 2905 Central Ave | Barnegat Light | LBI | $724,999 |
Expired | NJOC403786 | 8001 Long Beach Blvd | Harvey Cedars | LBI | $849,000 |
Expired | NJOC404710 | 6 W 13th St | Barnegat Light | LBI | $960,000 |
LBI New Jersey Real Estate Sales Analysis
We are seeing a new trend in the sales market on Long Beach Island. For the past several weeks, there have been more new listings than pending sales. While the gains in the market have been meager, only 1-3 listings a week, it is better than it has been! It is hard to make a call on what this will mean for the market moving forward, but it could well be the beginning of a stabilization of prices in the market. While the market is likely to rise, the rapid growth we have seen will probably slow or flatten out as more balance returns to the market. We will keep a close eye on this! 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 4/25/2021-5/2/2021 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
