LBI Real Estate Weekly Sales Update 5/12/2019-5/19/2019
- High Tides Digital Marketing
- May 19, 2019
- 6 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5/12/2019-5/19/2019
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 5/12/2019-5/19/2019: With only 112 changes to the MLS in the Long Beach Island real estate market this week activity picked up some over last week. That said much of this increase had to do with the Arlington Beach Club condos being listed as individual units which added considerably to the new listing count. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
30 new listings entered the market with an average price of $1,020,997
11 listings went under contact with an average listing price of about $995,436
21 properties sold on Long Beach Island with an average price of $883,410
16 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 5/12/2019-5/19/2019
Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, "P" means the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.
Type | Chg Type | Street Number | Street Name | Municipality | Current Price | Sq Ft Total | DOM |
CONDO | NEW | 900 | Beach | Beach Haven Borough | $349,000 | 950 | 3 |
LND | NEW | 115 | 28th | Ship Bottom | $399,900 | 1,825 | 4 |
CONDO | NEW | 101 | 9th | Ship Bottom | $569,000 | 1,289 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $582,000 | 1,289 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $584,000 | 1,289 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $589,000 | 1,308 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $609,000 | 1,308 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $615,000 | 1,289 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $619,000 | 1,308 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $625,000 | 1,289 | 1 |
MUL | NEW | 216 | 18th | Ship Bottom | $625,000 | 1,918 | 359 |
SF | NEW | 257 | 1st | Surf City | $639,000 | 924 | 6 |
SF | NEW | 112 | 3rd | Surf City | $650,000 | 900 | 2 |
MUL | NEW | 5 | Cape Cod | Long Beach Twp | $650,000 | 1,380 | 2 |
CONDO | NEW | 101 | 9th | Ship Bottom | $739,000 | 1,289 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $739,000 | 1,289 | 1 |
CONDO | NEW | 101 | 9th | Ship Bottom | $739,000 | 1,289 | 1 |
SF | NEW | 105 | 25th | Ship Bottom | $799,000 | 1,680 | 1 |
SF | NEW | 5 | Susan | Long Beach Twp | $799,000 | 1,575 | 3 |
LND | NEW | 13 | 10th | Surf City | $840,000 | 0 | 5 |
SF | NEW | 225 | Liberty | Beach Haven Borough | $897,000 | 1,152 | 5 |
SF | NEW | 230 | 22nd | Surf City | $1,099,000 | 1,800 | 7 |
SF | NEW | 381 | 12th | Ship Bottom | $1,399,000 | 1,816 | 3 |
SF | NEW | 59B | Long Beach | Long Beach Twp | $1,599,000 | 3,791 | 5 |
SF | NEW | 3008 | Beach | Long Beach Twp | $1,789,000 | 2,600 | 3 |
SF | NEW | 215 | Nautilus | Long Beach Twp | $1,895,000 | 3,273 | 5 |
SF | NEW | 6500 | Ocean | Long Beach Twp | $1,999,000 | 2,468 | 10 |
SF | NEW | 155-D | Long Beach | Long Beach Twp | $2,199,000 | 2,904 | 5 |
SF | NEW | 15 | 3rd | Surf City | $2,295,000 | 3,012 | 4 |
SF | NEW | 418 | 3rd | Surf City | $2,699,000 | 4,611 | 4 |
CONDO | BOM | 30 | 5th | Barnegat Light | $734,900 | 2,568 | 251 |
SF | BOM | 30 | 5th | Barnegat Light | $734,900 | 2,568 | 208 |
SF | BOM | 210 | Marine | Beach Haven Borough | $839,000 | 1,792 | 36 |
SF | BOM | 613 | Barnegat | Surf City | $889,900 | 2,436 | 34 |
SF | BOM | 4 | 27th | Barnegat Light | $899,000 | 2,016 | 272 |
SF | BOM | 187 | Nautilus | Long Beach Twp | $1,050,000 | 1,750 | 108 |
CONDO | DOWN | 21 | Pennsylvania | Long Beach Twp | $162,900 | 468 | 89 |
SF | DOWN | 247 | 11th | Ship Bottom | $482,500 | 918 | 77 |
CONDO | DOWN | 2108 | Bay | Beach Haven Borough | $490,000 | 1,032 | 111 |
SF | DOWN | 2504 | Central | Barnegat Light | $589,000 | 1,660 | 103 |
MUL | DOWN | 263 | 9th | Surf City | $629,900 | 1,344 | 287 |
SF | DOWN | 263 | 9th | Surf City | $629,900 | 1,344 | 287 |
CONDO | DOWN | 101 | 9th | Ship Bottom | $637,000 | 1,308 | 262 |
SF | DOWN | 112 | Ship Bottom | Ship Bottom | $649,999 | 1,150 | 19 |
SF | DOWN | 1120A | Long Beach | Long Beach Twp | $725,000 | 1,204 | 26 |
LND | DOWN | 2 | Lagoon | Long Beach Twp | $749,000 | 0 | 48 |
SF | DOWN | 2 | Lagoon | Long Beach Twp | $749,000 | 850 | 48 |
SF | DOWN | 29 | 23rd | Long Beach Twp | $910,000 | 2,578 | 131 |
CONDO | DOWN | 29 | 23rd | Long Beach Twp | $910,000 | 2,578 | 131 |
SF | DOWN | 211 | 4th | Beach Haven Borough | $965,900 | 1,500 | 46 |
SF | DOWN | 12 | Idaho | Long Beach Twp | $999,000 | 2,200 | 233 |
SF | DOWN | 8 | Lavenia | Long Beach Twp | $1,039,000 | 2,400 | 305 |
SF | DOWN | 306 | 4th Street | Surf City | $1,099,000 | 2,100 | 234 |
SF | DOWN | 120 | 5th | Beach Haven Borough | $1,120,000 | 1,800 | 69 |
SF | DOWN | 384 | 5th | Surf City | $1,249,000 | 3,198 | 60 |
SF | DOWN | 8 | 20th | Long Beach Twp | $1,275,000 | 3,478 | 54 |
SF | DOWN | 6501 | Bayview | Long Beach Twp | $1,295,000 | 2,044 | 68 |
SF | DOWN | 115 | Pearl | Beach Haven Borough | $1,499,000 | 3,429 | 88 |
SF | DOWN | 13 | 23rd | Long Beach Twp | $1,499,900 | 2,756 | 62 |
SF | DOWN | 24 | 22nd | Surf City | $1,649,000 | 2,300 | 86 |
SF | DOWN | 106 | Bay | Surf City | $1,749,000 | 2,600 | 135 |
SF | DOWN | 353 | Dusty Miller | Long Beach Twp | $1,750,000 | 2,800 | 444 |
SF | DOWN | 5 | 86th | Harvey Cedars | $1,849,000 | 2,500 | 157 |
SF | DOWN | 123 | Osborn | Long Beach Twp | $2,695,000 | 4,760 | 131 |
SF | P | 2503 | Central | Barnegat Light | $615,000 | 1,408 | 226 |
SF | P | 112 | Barnegat | Surf City | $639,000 | 1,143 | 23 |
SF | P | 6 | 26th | Long Beach Twp | $649,000 | 2,225 | 43 |
CONDO | P | 1000 | Bay | Beach Haven Borough | $649,900 | 1,100 | 44 |
SF | P | 201 | 15th | Ship Bottom | $670,000 | 1,638 | 30 |
SF | P | 228 | 17th | Surf City | $759,000 | 1,152 | 22 |
MUL | P | 4 | 27th | Barnegat Light | $899,000 | 2,016 | 272 |
SF | P | 338 | 4th | Ship Bottom | $899,000 | 2,200 | 93 |
SF | P | 9 | Bergen | Harvey Cedars | $975,000 | 1,286 | 251 |
SF | P | 27 | Judith | Long Beach Twp | $1,799,900 | 3,347 | 57 |
SF | P | 1000 | Atlantic | Beach Haven Borough | $2,395,000 | 3,000 | 81 |
CONDO | W | 101-107 | 9th | Ship Bottom | $599,000 | 1,289 | 261 |
LND | W | 6 | 26th | Long Beach Twp | $649,000 | 0 | 330 |
SF | W | 413 | 8th | Beach Haven Borough | $699,000 | 1,700 | 49 |
SF | W | 59B | Long Beach | Long Beach Twp | $1,695,000 | 3,791 | 235 |
CONDO | C | 21 | Pennsylvania | Long Beach Twp | $205,000 | 490 | 168 |
LND | C | 14 | Albright | Long Beach Twp | $485,000 | 8,500 | 153 |
CONDO | C | 9 | Virginia | Long Beach Twp | $490,000 | 912 | 22 |
SF | C | 224 | 21st | Ship Bottom | $605,000 | 1,100 | 42 |
SF | C | 236 | 22nd | Ship Bottom | $615,000 | 1,056 | 33 |
CONDO | C | 413 | 8th | Beach Haven Borough | $615,000 | 1,700 | 22 |
SF | C | 417 | Coral | Beach Haven Borough | $620,000 | 1,458 | 248 |
SF | C | 210 | 21st | Ship Bottom | $660,100 | 1,527 | 8 |
CONDO | C | 220 | Merivale | Beach Haven Borough | $750,000 | 1,092 | 181 |
SF | C | 10 | 6th | Surf City | $785,000 | 1,344 | 34 |
SF | C | 12 | New York | Long Beach Twp | $820,000 | 1,940 | 88 |
SF | C | 4001 | Julia | Long Beach Twp | $840,000 | 2,100 | 212 |
SF | C | 309 | 11th | Ship Bottom | $875,000 | 2,200 | 75 |
MUL | C | 8 | East Essex Avenue | Harvey Cedars | $1,065,000 | 2,496 | 134 |
SF | C | 160 | Marina | Long Beach Twp | $1,100,000 | 2,308 | 51 |
SF | C | 434 | iroquois | Beach Haven Borough | $1,151,500 | 1,850 | 201 |
SF | C | 12 | 77th | Harvey Cedars | $1,225,000 | 2,170 | 178 |
SF | C | 29 | 45th | Long Beach Twp | $1,280,000 | 2,500 | 43 |
SF | C | 104 | Kansas | Long Beach Twp | $1,350,000 | 2,240 | 230 |
SF | C | 177 | Long Beach | Long Beach Twp | $1,500,000 | 5,542 | 539 |
SF | C | 110 | 86th | Long Beach Twp | $1,515,000 | 2,400 | 30 |
INOW | X | 6 | Mercer | Harvey Cedars | $55,000 | 1,000 | 1,376 |
CONDO | X | 22 | Carolina | Long Beach Twp | $679,900 | 1,250 | 181 |
CONDO | X | 22 | Carolina | Long Beach Twp | $679,900 | 1,250 | 181 |
CONDO | X | 804 | Bay Club Lane | Beach Haven Borough | $799,000 | 1,800 | 202 |
SF | X | 4601 | Long Beach | Long Beach Twp | $860,000 | 2,610 | 304 |
SF | X | 37 | South 34th Street | Long Beach Twp | $895,000 | 2,200 | 167 |
SF | X | 9 | Virginia | Long Beach Twp | $899,900 | 1,824 | 22 |
MUL | X | 9 | Virginia | Long Beach Twp | $899,900 | 1,824 | 22 |
SF | X | 5201 | Long Beach | Long Beach Twp | $1,200,000 | 2,400 | 332 |
SF | X | 3008 | Beach | Long Beach Twp | $1,789,000 | 2,600 | 89 |
SF | X | 215 | Nautilus | Long Beach Twp | $1,895,000 | 3,273 | 243 |
SF | X | 418 | 3rd | Surf City | $2,699,000 | 4,611 | 181 |
LBI New Jersey Real Estate Sales Analysis
Of the 30 new listings this week, 8 of them were in the Arlington Beach Club. This accounts for roughly a third of all new listing activity (and to be fair they are not really new listings-they have been on the market for about a year). Pending sales were down considerably from last week (21 last week and only 11 this week). That said, closed sales were slightly higher. Overall market activity has slowed down somewhat but much of this can be explained by a seasonal slowdown that is typical for this time of year. 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 5/12/2019-5/19/2019 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
