LBI Real Estate Weekly Sales Update 5/10/2020-5/17/2020
- High Tides Digital Marketing
- Mar 18, 2020
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5/10/2020-5/17/2020
LBI Real Estate Weekly Sales Update 5/10/2020-5/17/2020: There were a total 58 changes to the Long Beach Island real estate market this week. While this is still well below past year's activity levels, things have certainly stabilized in the LBI real estate market. As coronavirus continues to impact the lives of people around the world, the situation may change again on Long Beach Island. For right now though, we are seeing a healthy mix of activity. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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 $1,544,574
11 listings went under contact with an average listing price of about $1,318,618
7 properties sold on Long Beach Island with an average price of $901,607
9 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 5/10/2020-5/17/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 – Decimal |
New Active | RES | 1 W 11th St #2 | Barnegat Light | $485,000 |
New Active | RES | 525 Amber St #B | Beach Haven | $625,000 |
New Active | RES | 525 Amber St #B | Beach Haven | $625,000 |
New Active | RES | 201 8th St | Beach Haven | $709,000 |
New Active | RES | 317 W Fairview Avenue | Beach Haven | $749,000 |
New Active | RES | 6112 Long Beach Blvd | Harvey Cedars | $785,000 |
New Active | RES | 14 W Jacqueline Ave | Long Beach Township | $874,900 |
New Active | RES | 1305 Central Ave | Ship Bottom | $899,000 |
New Active | RES | 4 E Hobart Ave | Long Beach Township | $999,000 |
New Active | RES | 7 W Selfridge Ave | Long Beach Township | $1,029,000 |
New Active | RES | 66 Maiden Ln | Harvey Cedars | $1,200,000 |
New Active | RES | 211 11th St | Beach Haven | $1,395,000 |
New Active | RES | 85-A Long Beach Blvd #A | Long Beach Township | $1,589,000 |
New Active | RES | 1101 S Bay Ave | Beach Haven | $1,599,000 |
New Active | RES | 142 W Newport | Long Beach Township | $1,999,999 |
New Active | RES | 11 E Middlesex Ave | Harvey Cedars | $2,495,000 |
New Active | RES | 6301 Bayview Ave | Long Beach Township | $2,595,000 |
New Active | RES | 121 E Kansas Ave | Long Beach Township | $3,195,000 |
New Active | RES | 4 & 6 E 5th St | Barnegat Light | $5,499,000 |
Back to Active | RES | 403 Tidal Dr | Long Beach Township | $1,095,000 |
Back to Active | RES | 1027-C Long Beach Blvd | Long Beach Township | $4,100,000 |
Price Decrease | RESL | 28 28th | Long Beach Township | $12,666 |
Price Decrease | RES | 8102 Long Beach Blvd | Harvey Cedars | $499,000 |
Price Decrease | RES | 27 N 7th St | Surf City | $699,000 |
Price Decrease | RES | 808 E Bay Club Ln | Beach Haven | $749,900 |
Price Decrease | RES | 504 Central Ave | Barnegat Light | $799,900 |
Price Decrease | RES | 28 28th | Long Beach Township | $899,000 |
Price Decrease | RES | 273 N 7th St | Surf City | $1,279,000 |
Price Decrease | RES | 3304 Harbor Dr | Long Beach Township | $1,325,000 |
Price Decrease | RES | 29 N 15th | Surf City | $1,449,000 |
Price Decrease | RES | 1900 Virginia Ave | Beach Haven | $4,295,000 |
Active Under Contract | RES | 217 W 11th St #2 | Ship Bottom | $325,000 |
Active Under Contract | RES | 16 E S 31st | Long Beach Township | $1,099,000 |
Active Under Contract | RES | 5 W Marshall Ave | Long Beach Township | $1,199,000 |
Pending | MUL | 17 W 45th | Long Beach Township | |
Pending | RES | 11 E Beardsley Ave | Long Beach Township | $759,900 |
Pending | RES | 1 Hideaway Dr | Long Beach Township | $974,900 |
Pending | RES | 10 E 17th St | Barnegat Light | $1,049,000 |
Pending | RES | 16 W Harmony Ave | Long Beach Township | $1,100,000 |
Pending | RES | 16 E Texas | Long Beach Township | $1,599,000 |
Pending | RES | 4403 Ocean | Long Beach Township | $2,850,000 |
Pending | RES | 1013 – B Long Beach | Long Beach Township | $2,999,000 |
Closed | RES | 3 W 9th St | Barnegat Light | $505,000 |
Closed | RES | 10 Cox Ave | Harvey Cedars | $570,000 |
Closed | RES | 9809 Beach Ave | Long Beach Township | $700,000 |
Closed | RES | 1002-D Long Beach Blvd | Long Beach Township | $831,250 |
Closed | RES | 2422 Long Beach | Long Beach Township | $1,130,000 |
Closed | RES | 3 E 28th St | Barnegat Light | $1,200,000 |
Closed | RES | 222 E 2nd St | Beach Haven | $1,375,000 |
Withdrawn | RES | 17 45th W | Long Beach Township | $550,000 |
Withdrawn | RES | 1123-B Long Beach #B | Long Beach Township | $2,475,000 |
Canceled | RES | 1307 Central Ave | Barnegat Light | $749,000 |
Expired | RES | 8303 Long Beach Blvd #8 | Long Beach Township | $359,000 |
Expired | RES | 19 E 11th St | Barnegat Light | $695,000 |
Expired | MUL | 19 E 11th St | Barnegat Light | $695,000 |
Expired | MUL | 1504 S Bay Ave | Beach Haven | $799,000 |
Expired | RES | 113 E Jerome Ave | Long Beach Township | $1,999,500 |
Expired | RES | 6301 Bayview Ave | Long Beach Township | $2,595,000 |
LBI New Jersey Real Estate Sales Analysis
Almost a third of this week's activity was in the form of new listings. This is a very good thing as low inventory levels continue to be an issue on Long Beach Island. Likewise, with 11 pending sales it is clear that buyers are active. While there were only 7 closings taking place, this is not a surprise as closed sales reflect activity seen 30-60 days prior which would have been the height of the COVID pandemic. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI Real Estate Weekly Sales Update 5/10/2020-5/17/2020 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
