LBI Real Estate Weekly Sales Update 5/17/2020-5/24/2020
- High Tides Digital Marketing
- May 24, 2020
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5/17/2020-5/24/2020
LBI Real Estate Weekly Sales Update 5/17/2020-5/24/2020: With 82 changes to the market this week, things have picked up a great deal. What is most interesting is that 27 of the 82 changes were pending sales. This is a VERY high number of homes to transact in a single week. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
12 new listings entered the market with an average price of $1,604,975
27 listings went under contact with an average listing price of about $993,369
8 properties sold on Long Beach Island with an average price of $1,097,225
14 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 5/17/2020-5/24/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | 20 W 21st St #1 | Long Beach Township | $399,900 |
New Active | RES | 14 W Harrington Ave | Long Beach Township | $599,000 |
New Active | RES | 204 W 6th St | Ship Bottom | $649,000 |
New Active | RES | 1072-C Long Beach Blvd | Long Beach Township | $789,000 |
New Active | RES | 304 Iroquois Ave | Beach Haven | $799,900 |
New Active | RES | 226 E 3rd St | Beach Haven | $899,999 |
New Active | COM | 226 4th St | Beach Haven | $1,299,000 |
New Active | RES | 29 N 11th St | Surf City | $1,839,000 |
New Active | RES | 6212 Ocean Blvd. | Long Beach Township | $1,895,000 |
New Active | RES | 127 E 21st St | Ship Bottom | $1,999,900 |
New Active | RES | 8308 Bay Ter | Harvey Cedars | $2,395,000 |
New Active | RES | 1075 Long Beach Blvd | Long Beach Township | $5,695,000 |
Back to Active | RES | 403 Tidal Dr | Long Beach Township | $1,095,000 |
Back to Active | RES | 402 Central Ave | Barnegat Light | $1,399,000 |
Price Decrease | RES | 5608 Ocean Blvd #4 | Long Beach Township | $484,000 |
Price Decrease | RES | 342 N 9th St | Surf City | $599,000 |
Price Decrease | RES | 112 N 3rd St | Surf City | $635,000 |
Price Decrease | RES | 27 N 7th St | Surf City | $699,000 |
Price Decrease | RES | 322 W 18th St | Ship Bottom | $774,900 |
Price Decrease | COM | 7806 Long Beach Blvd #B | Harvey Cedars | $799,000 |
Price Decrease | RES | 7806 Long Beach Blvd #C | Harvey Cedars | $799,000 |
Price Decrease | RES | 2210 Central Ave | Ship Bottom | $799,900 |
Price Decrease | RES | 100 E Muriel | Long Beach Township | $979,000 |
Price Decrease | RES | 7 W Selfridge Ave | Long Beach Township | $1,019,000 |
Price Decrease | RES | 6 Drexel Ave | Surf City | $1,099,000 |
Price Decrease | RES | 10 Drexel Ave | Surf City | $1,099,000 |
Price Decrease | RES | 3 E 34th | Long Beach Township | $1,345,000 |
Price Decrease | RES | 1104-I Long Beach Blvd | Long Beach Township | $1,398,000 |
Price Decrease | RES | 15 S 2nd St | Surf City | $1,699,000 |
Price Decrease | RES | 101 E 23rd St | Long Beach Township | $1,699,000 |
Price Decrease | RES | 15 3rd St | Surf City | $2,149,000 |
Price Decrease | RES | 48f Long Beach Blvd | Long Beach Township | $2,799,999 |
Price Increase | RES | 118 Amber St | Beach Haven | $1,995,000 |
Active Under Contract | RES | 6 E Indiana Ave #4 | Long Beach Township | $225,900 |
Active Under Contract | RES | 1104 Central Ave | Barnegat Light | $1,195,000 |
Active Under Contract | RES | 66 Maiden Ln | Harvey Cedars | $1,200,000 |
Active Under Contract | RES | 415 2nd St | Beach Haven | $1,319,000 |
Pending | RESL | 28 28th | Long Beach Township | $12,666 |
Pending | RES | 44 Division Ave #A | Surf City | $479,000 |
Pending | RES | 44 Division Ave #B | Surf City | $499,000 |
Pending | RES | 11 E 40th #U1 | Long Beach Township | $519,000 |
Pending | COM | 10 W 17th St | Barnegat Light | $649,000 |
Pending | RES | 10 W 17th St | Barnegat Light | $649,000 |
Pending | RES | 245 W 21st St | Ship Bottom | $699,000 |
Pending | RES | 321 Centre St | Beach Haven | $719,900 |
Pending | RES | 286 N 14th St | Surf City | $809,000 |
Pending | RES | 14 W Jacqueline Ave | Long Beach Township | $874,900 |
Pending | RES | 1613 E Bay Ter | Ship Bottom | $899,900 |
Pending | RES | 57 Bayview Dr | Long Beach Township | $949,000 |
Pending | RES | 44 Division Ave | Surf City | $969,000 |
Pending | RES | 26 W New York Ave | Long Beach Township | $1,089,000 |
Pending | RES | 115 E 20th | Long Beach Township | $1,124,900 |
Pending | RES | 6 Hideaway Dr | Long Beach Township | $1,199,000 |
Pending | RES | 105 E 16th St #A | Ship Bottom | $1,200,000 |
Pending | RES | 12 Pershing | Long Beach Township | $1,495,000 |
Pending | MUL | 140 E 17th St | Ship Bottom | $1,500,000 |
Pending | RES | 140 E 17th St | Ship Bottom | $1,500,000 |
Pending | RES | 177a Long Beach Blvd | Long Beach Township | $1,595,000 |
Pending | RES | 112 E 28th St | Long Beach Township | $1,649,900 |
Pending | RES | 116 E Lillie Ave. | Long Beach Township | $1,799,900 |
Closed | RES | 7711 Ocean #1 | Long Beach Township | $520,000 |
Closed | RES | 2 E Florida Ave | Long Beach Township | $855,900 |
Closed | RES | 130 Old Whaling | Beach Haven | $975,000 |
Closed | RES | 5301 Long Beach | Long Beach Township | $980,000 |
Closed | RES | 5201 S Long Beach Blvd | Long Beach Township | $997,000 |
Closed | RES | 334 Cranberry Drive | Long Beach Township | $999,900 |
Closed | COM | 307 N Long Beach Blvd | Surf City | $1,350,000 |
Closed | RES | 95 Panorama Dr | Long Beach Township | $2,100,000 |
Temporary Off Market | RES | 326 Cranberry Drive | Long Beach Township | $1,249,900 |
Temporary Off Market | RES | 9 E Stanton Ave | Long Beach Township | $1,750,000 |
Temporary Off Market | RES | 12 E 79th St | Harvey Cedars | $2,995,000 |
Withdrawn | RES | 111 E 26 St | Ship Bottom | $703,000 |
Withdrawn | LAND | 5201 S Long Beach Blvd | Long Beach Township | $1,099,000 |
Withdrawn | RES | 5 W 73rd St | Harvey Cedars | $1,368,000 |
Withdrawn | MUL | 2202 & 2210 Central Ave | Ship Bottom | $1,575,000 |
Canceled | RES | 8 W Selfridge Ave | Long Beach Township | $989,000 |
Canceled | RES | 9 E 44th | Long Beach Township | $1,375,000 |
Canceled | RES | 540 Leeward St | Beach Haven | $2,999,900 |
Canceled | RES | 84-A Bayview Drive | Long Beach Township | $4,399,000 |
Expired | RES | 328 W 16 | Beach Haven | $749,500 |
Expired | RES | 1705 Long Beach Blvd | Long Beach Township | $839,000 |
Expired | RES | 1075 Long Beach Blvd | Long Beach Township | $5,695,000 |
LBI New Jersey Real Estate Sales Analysis
The LBI real estate market is seeing extremely high levels of activity. In speaking with my clients, buyers are looking for an escape from the more congested areas and see the benefit of owning a beach house. There were a total of 27 pending sales this week alone. That is incredible volume even for this time of year. As coronavirus continues to unfold we will have to see if activity remains this positive but we have seen a steady, week by week increase in activity culminating this week's high point. At present there are about 75-90 pending listings on Long Beach Island which is standard 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 5/17/2020-5/24/2020 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
