LBI Real Estate Weekly Sales Update 4/4/2021-4/11/2021
- High Tides Digital Marketing
- Apr 12, 2021
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/4/2021-4/11/2021
LBI Real Estate Weekly Sales Update 4/4/2021-4/11/2021: With just over 50 changes to the MLS this week on Long Beach Island, market activity dropped off quite a bit. This is not entirely unexpected. With fewer and fewer homes for sale, market activity will slow down. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
19 new listings entered the market with an average price of $1,664,700
13 listings went under contract with an average listing price of about $1,514,377
10 properties sold on Long Beach Island with an average price of $1,021,500
8 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 4/4/2021-4/11/2021
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
Coming Soon | NJOC408702 | 6305-A Long Beach Blvd #A | Harvey Cedars | LBI | $997,500 |
Coming Soon | NJOC408628 | 106 E 4th St | Ship Bottom | LBI | $1,499,000 |
Coming Soon | NJOC408774 | 120 Beardsley | Long Beach Township | LBI | $1,725,000 |
New Active | NJOC408630 | 901 Ocean Ave #2 UNIT 905 | Ship Bottom | LBI | $699,000 |
New Active | NJOC408458 | 1003 N Central Ave | Surf City | LBI | $775,000 |
New Active | NJOC408542 | 1817 Central Ave | Ship Bottom | LBI | $829,000 |
New Active | NJOC408554 | 125 5th St | Beach Haven | LBI | $899,900 |
New Active | NJOC408738 | 811 W Bay Club Ln #7 | Beach Haven | LBI | $949,900 |
New Active | NJOC408518 | 13003 Bayview | Long Beach Township | LBI | $999,000 |
New Active | NJOC408782 | 110 E 14th | Long Beach Township | LBI | $1,624,000 |
New Active | NJOC408764 | 1901 Long Beach Boulevard | Long Beach Township | LBI | $1,695,000 |
New Active | NJOC408688 | 220 Taylor Ave | Beach Haven | LBI | $1,995,000 |
New Active | NJOC408680 | 220 Taylor Ave | Beach Haven | LBI | $1,995,000 |
New Active | NJOC408362 | 7804 Compass St | Harvey Cedars | LBI | $2,100,000 |
New Active | NJOC408734 | 15 N 15th St | Surf City | LBI | $2,199,000 |
New Active | NJOC408538 | 88 N Ohio Ave | Long Beach Township | LBI | $2,199,000 |
New Active | NJOC407648 | 103-B Long Beach Blvd | Long Beach Township | LBI | $2,399,000 |
New Active | NJOC408716 | 27 W Ohio | Beach Haven | LBI | $2,950,000 |
New Active | NJOC408690 | 907 Seaview Ave | Barnegat Light | LBI | $3,100,000 |
Back to Active | NJOC393004 | 508 Central Ave | Ship Bottom | LBI | $699,900 |
Price Decrease | NJOC403264 | 2508 Long Beach Blvd | Ship Bottom | LBI | $350,000 |
Price Decrease | NJOC403248 | 2504 Long Beach Blvd #3A | Ship Bottom | LBI | $350,000 |
Price Decrease | NJOC407920 | 12 Starboard | Long Beach Township | LBI | $825,000 |
Price Decrease | NJOC404828 | 1901 Long Beach Boulevard | Long Beach Township | LBI | $1,695,000 |
Active Under Contract | NJOC408262 | 4 W Harding Ave | Long Beach Township | LBI | $879,000 |
Active Under Contract | NJOC408260 | 7-B Sunset Blvd | Long Beach Township | LBI | $1,149,000 |
Active Under Contract | NJOC408532 | 504 Broadway | Barnegat Light | LBI | $1,549,900 |
Active Under Contract | NJOC405732 | 14 E 29th St | Barnegat Light | LBI | $3,399,000 |
Pending | NJOC397170 | 510 N Bay Ave #208 | Beach Haven | LBI | $689,000 |
Pending | NJOC408448 | 101 Engleside Ave #7 | Beach Haven | LBI | $729,000 |
Pending | NJOC403638 | 316 W 10th St | Ship Bottom | LBI | $915,000 |
Pending | NJOC406718 | 386 N 4th St | Surf City | LBI | $979,000 |
Pending | NJOC408596 | 509 Dock Rd #A | Beach Haven | LBI | $1,050,000 |
Pending | NJOC407504 | 283 W 14th St | Ship Bottom | LBI | $1,450,000 |
Pending | NJOC407844 | 52-E Long Beach Blvd | Long Beach Township | LBI | $1,999,000 |
Pending | NJOC408786 | 124 E Sand Dune | Long Beach Township | LBI | $2,400,000 |
Pending | NJOC405462 | 131 Laguna Ln | Long Beach Township | LBI | $2,499,000 |
Closed | NJOC407880 | 4 E 79th Street Share #2 | Harvey Cedars | LBI | $75,000 |
Closed | NJOC399670 | 101 W 9th St #203 | Ship Bottom | LBI | $608,000 |
Closed | NJOC402826 | 12 E 27th | Long Beach Township | LBI | $777,500 |
Closed | NJOC405624 | 322 6th St W | Ship Bottom | LBI | $895,000 |
Closed | NJOC407112 | 16 E Nevada | Long Beach Township | LBI | $925,000 |
Closed | NJOC407200 | 275 W 27th St | Ship Bottom | LBI | $990,000 |
Closed | NJOC405364 | 6 E Passaic Ave | Harvey Cedars | LBI | $1,450,500 |
Closed | NJOC406418 | 7 Steven | Long Beach Township | LBI | $1,495,000 |
Closed | NJOC407222 | 124 East Lillie Ave | Long Beach Township | LBI | $1,499,000 |
Closed | NJOC394510 | 401 N Bay Ave | Beach Haven | LBI | $1,500,000 |
Temporary Off Market | NJOC408526 | 273 N 2nd St | Surf City | LBI | $1,299,000 |
Withdrawn | NJOC407782 | 101 W 9th W #202 | Ship Bottom | LBI | $729,900 |
Withdrawn | NJOC406460 | 11 E 13th | Long Beach Township | LBI | $999,000 |
Canceled | NJOC404526 | 209 W 28th St | Ship Bottom | LBI | $1,190,000 |
Canceled | NJOC404190 | 15 N 15th St | Surf City | LBI | $2,149,000 |
Canceled | NJOC398474 | 1075 Long Beach Blvd | Long Beach Township | LBI | $5,695,000 |
Expired | NJOC403444 | 4004 Ocean | Long Beach Township | LBI | $1,259,000 |
Expired | NJOC404206 | 120 East South 31st | Long Beach Township | LBI | $1,850,000 |
LBI New Jersey Real Estate Sales Analysis
This was the first time in MONTHS that more homes were listed for sale than went under contract in the LBI real estate market. While this is a welcomed change for buyers, this trend will need to be the norm for a long time to correct the imbalance of inventory between buyers and sellers. Furthermore, several of these new listings already have offers on them. Competition remains very high on Long Beach Island!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 4/4/2021-4/11/2021 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
