LBI Real Estate Weekly Sales Update 4/5/2020-4/12/2020
- High Tides Digital Marketing
- Apr 12, 2020
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/5/2020-4/12/2020
LBI Real Estate Weekly Sales Update 4/5/2020-4/12/2020: Happy Easter to everyone! The LBI real estate market saw another large drop in the number of changes made to the MLS. This follows the trend of the last several weeks with less activity. That said, the nature of the activity this week was much improved. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
7 new listings entered the market with an average price of $1,173,843
8 listings went under contact with an average listing price of about $903,487
9 properties sold on Long Beach Island with an average price of $886,733
11 listings were either withdrawn of expired in the LBI real estate market
3 listings came back on the market this week
LBI Real Estate Weekly Sales Update 4/5/2020-4/12/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | 108 19th #WEST | Long Beach Township | $649,000 |
New Active | RES | 2517 Long Beach Blvd S #1 | Long Beach Township | $899,900 |
New Active | RES | 130 Old Whaling | Beach Haven | $945,000 |
New Active | RES | 3 West Alabama | Long Beach Township | $950,000 |
New Active | RES | 428 5th St | Beach Haven | $1,289,000 |
New Active | RES | 215 Centre St | Beach Haven | $1,685,000 |
New Active | RES | 101 E 23rd St | Long Beach Township | $1,799,000 |
Back to Active | RES | 11 E 13th St E | Long Beach Township | $759,000 |
Back to Active | RES | 116 E Jerome Ave | Long Beach Township | $1,499,999 |
Back to Active | RES | 51 Holly Dr W | Long Beach Township | $2,349,000 |
Price Decrease | RES | 280 N 15th St | Surf City | $599,000 |
Price Decrease | RES | 2517 S Long Beach Blvd S #2 | Long Beach Township | $839,900 |
Price Decrease | RES | 353 N 8th St | Surf City | $1,399,000 |
Price Decrease | RES | 4903 S Long Beach Blvd | Long Beach Township | $1,499,000 |
Price Decrease | RES | 34 Lighthouse Way | Long Beach Township | $2,599,000 |
Price Increase | COM | 110 N Bay Ave | Beach Haven | $599,000 |
Price Increase | COM | 108 N Bay Ave | Beach Haven | $799,999 |
Price Increase | COM | 110 N Bay Ave | Beach Haven | $1,399,999 |
Price Increase | RES | 95 Panorama Dr | Long Beach Township | $2,239,900 |
Pending | RES | 1504 S Beach Ave #3 | Beach Haven | $439,000 |
Pending | RES | 7711 Ocean #1 | Long Beach Township | $549,999 |
Pending | RES | 103 E 30th St | Ship Bottom | $695,000 |
Pending | RES | 11 Macevoy | Long Beach Township | $699,999 |
Pending | RES | 112 32nd | Long Beach Township | $799,900 |
Pending | RES | 209 Nautilus | Long Beach Township | $950,000 |
Pending | RES | 256 Pompano Dr | Long Beach Township | $1,395,000 |
Pending | RES | 2 Taylor Ave | Beach Haven | $1,699,000 |
Closed | COML | 500 N Bay Ave #4 | Beach Haven | $1,100.00 |
Closed | RES | 8501 Long Beach Blvd #8 | Long Beach Township | $180,000 |
Closed | RES | 375 7th St | Ship Bottom | $604,500 |
Closed | RES | 5 W Culver Ave | Long Beach Township | $690,000 |
Closed | RES | 23-A W Essex Ave #A | Harvey Cedars | $725,000 |
Closed | RES | 206 E 4th St | Beach Haven | $855,000 |
Closed | RES | 1310 Bayview Ave | Barnegat Light | $900,000 |
Closed | RES | 1009 S Atlantic Ave | Beach Haven | $2,000,000 |
Closed | RES | 2410 Atlantic Ave | Long Beach Township | $2,025,000 |
Withdrawn | MUL | 321 14th St | Ship Bottom | $599,000 |
Withdrawn | RES | 19 E 11th St | Barnegat Light | $695,000 |
Withdrawn | MUL | 19 E 11th St | Barnegat Light | $695,000 |
Withdrawn | RES | 4903 S Long Beach Blvd | Long Beach Township | $1,499,000 |
Withdrawn | RES | 101 E 23rd St | Long Beach Township | $1,850,000 |
Expired | RES | 12 E 78th St #7 | Harvey Cedars | $125,000 |
Expired | RES | 28 E 35th | Long Beach Township | $849,000 |
Expired | RES | 1010 Long Beach Blvd #C | Long Beach Township | $899,999 |
Expired | COM | 2 E 20th St | Long Beach Township | $1,199,000 |
Expired | RES | 16 E New Jersey Ave | Long Beach Township | $1,599,900 |
Expired | RES | 6301 Bayview Ave | Long Beach Township | $2,750,000 |
LBI New Jersey Real Estate Sales Analysis
I mentioned above that there was improvement. This is most apparent in the number of listings coming back on the market. There were only three this week compared to seven last week. The fact that more deals are staying together shows confidence in the LBI real estate market. There were also more pending sales this week than last. While the number of changes were down, things do seem to be leveling off as there is some improvement in the news surrounding coronavirus. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI Real Estate Weekly Sales Update 4/5/2020-4/12/2020 please do not hesitate to contact me. Stay safe and have a great Easter!
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
