LBI Real Estate Weekly Sales Update 4/27/2020-5/3/2020
- High Tides Digital Marketing
- May 5, 2020
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/27/2020-5/3/2020
LBI Real Estate Weekly Sales Update 4/27/2020-5/3/2020: There were a total 74 changes to the Long Beach Island real estate market this week. This now represents the third consecutive increase in weekly activity since the start of Coronavirus 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
13 new listings entered the market with an average price of $1,275,069
11 listings went under contact with an average listing price of about $1,205,255
15 properties sold on Long Beach Island with an average price of $1,051,167
22 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 4/27/2020-5/3/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Cat | Address | City | Current Price |
New Active | RES | 25 W 9th St | Barnegat Light | $614,900 |
New Active | RES | 117 E 27th St | Ship Bottom | $655,000 |
New Active | RES | 9206 Long Beach Blvd | Long Beach Township | $799,000 |
New Active | RES | 5 Antioch Road | Long Beach Township | $815,000 |
New Active | RES | 2210 Central Ave | Ship Bottom | $825,000 |
New Active | RES | 2202 Central Ave | Ship Bottom | $825,000 |
New Active | LAND | 107 E 23rd St | Long Beach Township | $1,100,000 |
New Active | RES | 107 E 23rd St | Long Beach Township | $1,100,000 |
New Active | RES | 1109 S Beach Ave | Beach Haven | $1,349,000 |
New Active | RES | 3 E 69th St | Harvey Cedars | $1,800,000 |
New Active | RES | 6105 Long Beach Blvd | Harvey Cedars | $2,095,000 |
New Active | RES | 181 Marina Blvd | Long Beach Township | $2,099,000 |
New Active | RES | 260 Pompano Dr | Long Beach Township | $2,499,000 |
Back to Active | RES | 245 W 21st St | Ship Bottom | $699,000 |
Back to Active | RES | 2302 Bayview Ave | Barnegat Light | $1,499,000 |
Price Decrease | COM | 1801 S Long Beach Blvd | Ship Bottom | $450,000 |
Price Decrease | RES | 229 12th St | Beach Haven | $919,900 |
Price Decrease | RES | 16 W Harmony Ave | Long Beach Township | $1,100,000 |
Price Decrease | LAND | 22 Warwick Ave | Harvey Cedars | $1,199,000 |
Price Decrease | MUL | 2202 & 2210 Central Ave | Ship Bottom | $1,575,000 |
Price Decrease | RES | 128 E Ramapo Ln | Long Beach Township | $1,895,000 |
Price Decrease | RES | 1123-B Long Beach #B | Long Beach Township | $2,475,000 |
Price Decrease | RES | 48f Long Beach Blvd | Long Beach Township | $2,899,999 |
Price Decrease | RES | 107 E Jeanette Ave | Long Beach Township | $3,325,000 |
Active Under Contract | RES | 12201 N Old Whaling Lane | Long Beach Township | $759,000 |
Active Under Contract | LAND | 5201 S Long Beach Blvd | Long Beach Township | $1,099,000 |
Active Under Contract | RES | 5201 S Long Beach Blvd | Long Beach Township | $1,099,000 |
Pending | RES | 22 Carolina Ave #2 | Long Beach Township | $659,000 |
Pending | RES | 114 S 1st St | Surf City | $769,000 |
Pending | RES | 334 Cranberry Drive | Long Beach Township | $999,900 |
Pending | RES | 1078-E Long Beach Blvd #2 | Long Beach Township | $1,149,000 |
Pending | RES | 10 W Pershing | Long Beach Township | $1,250,000 |
Pending | RES | 3 E 28th St | Barnegat Light | $1,275,000 |
Pending | RES | 104 E South 33rd St | Long Beach Township | $1,599,900 |
Pending | RES | 34 Lighthouse Way | Long Beach Township | $2,599,000 |
Closed | RES | 25 W Colorado Ave | Long Beach Township | $635,000 |
Closed | RES | 12303 N Old Whaling Ln | Long Beach Township | $700,000 |
Closed | MUL | 304 W 14th St | Ship Bottom | $730,000 |
Closed | RES | 30 W Carolina Ave | Long Beach Township | $750,000 |
Closed | RES | 406 Amber St | Beach Haven | $821,000 |
Closed | RES | 54 W 80th St | Harvey Cedars | $889,000 |
Closed | RES | 24 W New York | Long Beach Township | $910,000 |
Closed | RES | 14 W Indiana Ave | Long Beach Township | $942,500 |
Closed | RES | 145-A Long Beach #A | Long Beach Township | $1,150,000 |
Closed | RES | 256 Pompano Dr | Long Beach Township | $1,250,000 |
Closed | RES | 288 N 13th St | Surf City | $1,250,000 |
Closed | RES | 13 E 23rd St | Long Beach Township | $1,290,000 |
Closed | RES | 4 Pershing Ave | Long Beach Township | $1,350,000 |
Closed | RES | 61-D Sunset | Long Beach Township | $1,500,000 |
Closed | RES | 5108 S Bay Ave | Long Beach Township | $1,600,000 |
Temporary Off Market | RES | 1100 N Bay Ave #A1 | Beach Haven | $424,500 |
Temporary Off Market | RES | 17 N 7th St | Surf City | $1,949,000 |
Withdrawn | RES | 1 West 11th Street #2 | Barnegat Light | $475,000 |
Withdrawn | RES | 328 W 16 | Beach Haven | $749,500 |
Expired | MUL | 11 E 74th Unit 3 Ave | Harvey Cedars | $120,000 |
Expired | RES | 20 Washington Ave #2 | Long Beach Township | $310,000 |
Expired | RES | 1101 N Bay Ave | Beach Haven | $629,900 |
Expired | RES | 4 Buckingham Ave | Harvey Cedars | $674,900 |
Expired | RES | 114 N 25th St N | Surf City | $775,000 |
Expired | RES | 41 N 14th St | Surf City | $779,000 |
Expired | RES | 27 N 2nd St | Surf City | $803,500 |
Expired | RES | 322 N. 3rd | Surf City | $869,000 |
Expired | RES | 1060-C Long Beach Blvd | Long Beach Township | $885,000 |
Expired | RES | 55 Bayview Ave | Long Beach Township | $999,000 |
Expired | RES | 105 W Lavenia Ave | Long Beach Township | $999,000 |
Expired | RES | 209 & 211 W 22nd St | Ship Bottom | $1,295,000 |
Expired | RES | 5 W 73rd St | Harvey Cedars | $1,368,000 |
Expired | RES | 220 12th St | Beach Haven | $1,449,000 |
Expired | RES | 1005 Barnegat Ave | Ship Bottom | $1,450,000 |
Expired | RES | 14 E 50th St | Long Beach Township | $1,459,000 |
Expired | RES | 10a Long Beach Blvd | Long Beach Township | $1,695,000 |
Expired | RES | 609 Atlantic | Beach Haven | $1,699,000 |
Expired | RES | 5 E 85th St | Harvey Cedars | $1,945,000 |
Expired | RES | 181 Marina Blvd | Long Beach Township | $2,099,000 |
LBI New Jersey Real Estate Sales Analysis
On the whole, activity was very good this week. It is a very positive sign to see so many pending sales taking place. While this is lower than average for this time of year, it is still strong enough to exhibit confidence in the LBI real estate market. There were more expired and withdrawn listings than normal but this is typical for a week that crosses the first of the month. Many sellers or agents will set listings to expire on the first of a month so this is by and large normal. Overall activity was positive and is showing a stable reaction to the ongoing COVID-19 pandemic. 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 4/27/2020-5/3/2020 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
