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LBI Real Estate Weekly Sales Update 5/30/2021-6/6/2021

  • Writer: High Tides Digital Marketing
    High Tides Digital Marketing
  • Jun 7, 2021
  • 2 min read

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5/30/2021-6/6/2021

LBI Real Estate Weekly Sales Update 5/30/2021-6/6/2021: The Long Beach Island real estate market saw a little more activity this week with 70 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

  • 26 new listings entered the market with an average price of $1,353,877

  • 15 listings went under contract with an average listing price of about $1,236,120

  • 13 properties sold on Long Beach Island with an average price of $1,690,185

  • 8 listings were either withdrawn of expired in the LBI real estate market



LBI Real Estate Weekly Sales Update 5/30/2021-6/6/2021

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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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.

Month

Sales, Number of

Sale Price, Average

Jan-19

39

$1,109,059

Feb-19

26

$1,064,152

Mar-19

43

$1,394,373

Apr-19

57

$1,046,781

Jan-20

47

$1,187,915

Feb-20

34

$1,016,147

Mar-20

40

$925,328

Apr-20

44

$1,024,435

Jan-21

54

$1,454,236

Feb-21

48

$1,443,535

Mar-21

83

$1,433,048

Apr-21

53

$1,287,368


LBI New Jersey Real Estate Sales Analysis

The LBI real estate market saw a net gain in inventory, something that we need on Long Beach Island. Demand continues to outpace supply, so more homes coming on the market for sale is a big help. While there were 26 new listings, it should be mentioned that 6 of them were boat slips-not homes or condos being listed for sale. That said, there were still a total of 20 new listings compared to 15 pending sales so buyers have a little more to pick from! For more information about buying, selling or investing in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 5/30/2021-6/6/2021 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


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