LBI Real Estate Weekly Sales Update 5/26/2019-6/2/2019
- High Tides Digital Marketing
- Jun 2, 2019
- 6 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5/26/2019-6/1/2019
Long Beach Island Real Estate
LBI Real Estate Weekly Sales Update 5/26/2019-6/2/2019: It was yet again a slow week in the Long Beach Island real estate market with only 93 changes to the MLS. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
17 new listings entered the market with an average price of $1,012,147
6 listings went under contact with an average listing price of about $1,519,633
14 properties sold on Long Beach Island with an average price of $1,015,000
25 listings were either withdrawn of expired in the LBI real estate market
LBI Real Estate Weekly Sales Update 5/26/2019-6/2/2019
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the property is under contract (pending), "C" means the property sold and "W" or "X" means the property failed to sell (withdrawn or expired).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 | $345,000 | 800 | 2 |
CONDO | NEW | 121 | 7th | Ship Bottom | $479,000 | 910 | 5 |
SF | NEW | 424 | Dock | Beach Haven Borough | $499,900 | 2,683 | 5 |
SF | NEW | 304 | N 10th | Surf City | $549,000 | 870 | 6 |
SF | NEW | 204 | Pennsylvania | Beach Haven Borough | $599,900 | 1,008 | 4 |
MUL | NEW | 204 | Pennsylvania | Beach Haven Borough | $599,900 | 1,008 | 4 |
SF | NEW | 3 | Seabreeze | Long Beach Twp | $655,000 | 1,376 | 3 |
SF | NEW | 333 | 11th | Ship Bottom | $699,000 | 1,300 | 1 |
CONDO | NEW | 5 | West | Beach Haven Borough | $749,900 | 2,400 | 3 |
COM | NEW | 615 | Bay | Beach Haven Borough | $799,999 | 0 | 7 |
SF | NEW | 1102 | Long Beach Blvd | Long Beach Twp | $899,900 | 1,848 | 2 |
SF | NEW | 1 | Goodrich | Long Beach Twp | $1,249,000 | 3,412 | 5 |
SF | NEW | 232 | 4th | Surf City | $1,299,000 | 2,768 | 2 |
SF | NEW | 24 | 22nd | Surf City | $1,599,000 | 2,300 | 5 |
SF | NEW | 44 | 11th | Surf City | $1,659,000 | 2,735 | 9 |
SF | NEW | 1208 | West | Beach Haven Borough | $1,825,000 | 3,218 | 8 |
SF | NEW | 277 | W 27TH. | Ship Bottom | $2,699,000 | 3,800 | 4 |
COM | BOM | 2304 | Long Beach | Ship Bottom | $499,000 | 0 | 398 |
CONDO | BOM | 102 | Roosevelt | Long Beach Twp | $579,000 | 1,437 | 27 |
SF | BOM | 18 | 13th | Long Beach Twp | $899,000 | 2,490 | 131 |
SF | BOM | 5201 | Long Beach | Long Beach Twp | $1,200,000 | 2,400 | 339 |
SF | BOM | 2302 | Bayview | Barnegat Light | $1,499,000 | 2,428 | 77 |
CONDO | DOWN | 21 | Pennsylvania | Long Beach Twp | $159,900 | 468 | 103 |
CONDO | DOWN | 5515 | Long Beach | Long Beach Twp | $289,900 | 336 | 212 |
CONDO | DOWN | 1212 | Central | Surf City | $419,000 | 750 | 58 |
SF | DOWN | 319 | 18th | Ship Bottom | $439,000 | 616 | 145 |
SF | DOWN | 216 | 11th | Surf City | $547,000 | 1,322 | 92 |
SF | DOWN | 20 | 10th | Barnegat Light | $577,000 | 1,788 | 38 |
SF | DOWN | 2 | South 34th | Long Beach Twp | $619,999 | 1,201 | 241 |
COM | DOWN | 8201 | Long Beach Blvd. | Long Beach Twp | $746,000 | 0 | 107 |
SF | DOWN | 328 | 16th | Ship Bottom | $768,000 | 2,318 | 49 |
SF | DOWN | 281 | 12th | Ship Bottom | $819,000 | 2,302 | 68 |
SF | DOWN | 100 | 21st | Long Beach Twp | $879,000 | 3,360 | 137 |
SF | DOWN | 29 | 23rd | Long Beach Twp | $899,000 | 2,578 | 145 |
CONDO | DOWN | 29 | 23rd | Long Beach Twp | $899,000 | 2,578 | 145 |
SF | DOWN | 306 | 2nd | Beach Haven Borough | $949,900 | 2,300 | 67 |
LND | DOWN | 275 | 27th | Ship Bottom | $990,000 | 2,100 | 72 |
SF | DOWN | 275 | 27th | Ship Bottom | $990,000 | 2,100 | 110 |
SF | DOWN | 17 | 20th | Barnegat Light | $996,000 | 2,417 | 71 |
SF | DOWN | 5 | Winifred | Long Beach Twp | $1,199,000 | 2,400 | 44 |
SF | DOWN | 806 | Bayview | Barnegat Light | $1,699,900 | 3,548 | 65 |
SF | DOWN | 108 | Panorama | Long Beach Twp | $1,995,000 | 3,138 | 129 |
SF | DOWN | 84-B | Bayview Drive | Long Beach Twp | $2,695,000 | 4,591 | 339 |
SF | DOWN | 115 | 86th | Long Beach Twp | $2,999,000 | 3,100 | 321 |
SF | DOWN | 1029-C | Long Beach Blvd | Long Beach Twp | $3,795,000 | 3,858 | 106 |
SF | DOWN | 1013 C | Long Beach | Long Beach Twp | $3,799,000 | 5,800 | 262 |
SF | UP | 106 | 6th | Ship Bottom | $699,000 | 1,404 | 47 |
MUL | UP | 106 | 6th | Ship Bottom | $699,000 | 1,575 | 47 |
SF | K | 28 | North Carolina | Long Beach Twp | $1,199,000 | 3,763 | 26 |
CONDO | P | Unit 6 700 | Broadway | Barnegat Light | $299,900 | 915 | 124 |
LND | P | 13 | 10th | Surf City | $840,000 | 0 | 16 |
SF | P | 168 D | Long Beach | Long Beach Twp | $879,900 | 1,928 | 30 |
SF | P | 6807 | Kent | Harvey Cedars | $2,300,000 | 3,840 | 118 |
SF | P | 4505 | Long Beach | Long Beach Twp | $3,599,000 | 4,169 | 71 |
SF | W | 1 | Jeanette | Long Beach Twp | $639,900 | 1,350 | 134 |
COM | W | 305 | Bay | Beach Haven Borough | $1,495,000 | 6,000 | 34 |
SF | W | 1113 | Long Beach | Long Beach Twp | $1,999,000 | 2,872 | 107 |
SF | V | 24 | 22nd | Surf City | $1,649,000 | 2,300 | 95 |
CONDO | C | 111 | 6th | Ship Bottom | $330,000 | 624 | 229 |
CONDO | C | 20 | West 21st Street Unit 2 | Long Beach Twp | $375,000 | 875 | 64 |
MUL | C | 16 | Harding | Long Beach Twp | $585,000 | 1,776 | 106 |
MUL | C | 1 | Jeanette | Long Beach Twp | $611,000 | 1,350 | 133 |
CONDO | C | 325 | Engleside | Beach Haven Borough | $611,500 | 1,500 | 25 |
SF | C | 101 | 23rd | Long Beach Twp | $630,000 | 1,167 | 11 |
SF | C | 104 | 16th | Long Beach Twp | $802,500 | 1,776 | 97 |
SF | C | 283 | 3rd | Surf City | $960,000 | 2,112 | 191 |
SF | C | 2113 | Bay | Beach Haven Borough | $975,000 | 2,000 | 224 |
SF | C | 320 | 4th | Ship Bottom | $1,160,000 | 2,380 | 47 |
SF | C | 124 | Auburn Road | Long Beach Twp | $1,245,000 | 2,200 | 50 |
SF | C | 319 | Iroquois | Beach Haven Borough | $1,650,000 | 3,000 | 108 |
MUL | C | 1113 | Long Beach | Long Beach Twp | $1,975,000 | 2,872 | 107 |
SF | C | 1000 | Atlantic | Beach Haven Borough | $2,300,000 | 3,000 | 81 |
CONDO | X | 5608 | Ocean | Long Beach Twp | $329,000 | 728 | 120 |
COM | X | 3 | Delaware | Long Beach Twp | $549,900 | 0 | 197 |
SF | X | 5801 | Bayview | Long Beach Twp | $630,000 | 1,680 | 197 |
SF | X | 8 | Carolina | Long Beach Twp | $644,000 | 1,414 | 235 |
CONDO | X | 30 | 5th | Barnegat Light | $734,900 | 2,568 | 263 |
SF | X | 30 | 5th | Barnegat Light | $734,900 | 2,568 | 220 |
SF | X | 2006 | Bayview | Barnegat Light | $749,000 | 1,056 | 233 |
SF | X | 1126-C | Long Beach | Long Beach Twp | $779,000 | 1,456 | 230 |
SF | X | 6302 | Long Beach Blvd | Harvey Cedars | $789,000 | 1,459 | 180 |
SF | X | 3 | 16th | Barnegat Light | $890,000 | 0 | 292 |
SF | X | 6 | 8th | Barnegat Light | $974,999 | 1,350 | 115 |
SF | X | 136 C | Long Beach | Long Beach Twp | $1,395,000 | 2,626 | 365 |
SF | X | 323 | Liberty | Beach Haven Borough | $1,525,000 | 2,500 | 120 |
SF | X | 5 | W Cumberland | Harvey Cedars | $1,575,000 | 2,500 | 91 |
SF | X | 1126-D | Long Beach | Long Beach Twp | $1,579,000 | 4,408 | 230 |
SF | X | 101 | Pearl | Beach Haven Borough | $1,795,000 | 2,500 | 252 |
LND | X | 15 | Ocean (N 1st St) Lot 4 | Surf City | $1,850,000 | 0 | 55 |
LND | X | 15 | Ocean (N 1st St) Lot 3 | Surf City | $2,250,000 | 0 | 55 |
SF | X | 4405 | Long Beach | Long Beach Twp | $2,499,000 | 3,100 | 147 |
SF | X | 157-C | Long Beach | Long Beach Twp | $3,199,000 | 3,900 | 212 |
SF | X | 15 | Ocean (N 1st St) | Surf City | $3,995,000 | 3,696 | 48 |
LBI New Jersey Real Estate Sales Analysis
While things have slowed down recently, much of this is a seasonal change. This is historically a slow time in the LBI real estate market. While the average price of a new listing was about the same as last week far fewer homes entered the market (30 last week compared to 17 this week). Half as many homes went under contract this week compared to last but the price was about $500,000 higher on average. Roughly the same number of homes sold as last week but at a higher price point. There were twice as many expired and withdrawn listings as last week. 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 5/26/2019-6/2/2019 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
