LBI Real Estate Weekly Sales Update 6/12/2022-6/19/2022
- High Tides Digital Marketing
- Jun 19, 2022
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 6/12/2022-6/19/2022
LBI Real Estate Weekly Sales Update6/12/2022-6/19/2022: The market has definitely started to change! We are consistently seeing more new inventory come up and outpace the number of pending sales. This is NOT to say the market is crashing or prices will see a major drop, rather the market is just starting to balance. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
22 new listings entered the market with an average price of $2,176,945
12 listings went under contract with an average listing price of about $1,768,333
18 properties sold on Long Beach Island with an average price of $1,838,668
19 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 6/12/2022-6/19/2022
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | MLS # | Address | City | Area | Current Price – Decimal |
Coming Soon | NJOC2010856 | 1208 S Beach Ave | Beach Haven | LBI | $2,490,000 |
Coming Soon | NJOC2010976 | 329 Leeward Ave | Beach Haven | LBI | $1,599,900 |
Coming Soon | NJOC2010950 | 2310 N Beach Ave | Long Beach Township | LBI | $1,299,000 |
New Active | NJOC2010770 | 10 Cottage Ct | Long Beach Township | LBI | $1,995,000 |
New Active | NJOC2011046 | 7808 Bayview | Long Beach Township | LBI | $825,000 |
New Active | NJOC2011044 | 248 W 10th St | Ship Bottom | LBI | $2,195,000 |
New Active | NJOC2010740 | 12 E Delaware Ave | Long Beach Township | LBI | $2,399,000 |
New Active | NJOC2010966 | 109 Surf | Long Beach Township | LBI | $4,999,999 |
New Active | NJOC2011024 | 7403 Long Beach Blvd | Harvey Cedars | LBI | $999,000 |
New Active | NJOC2011002 | 12 East Middlesex Ave | Harvey Cedars | LBI | $3,950,000 |
New Active | NJOC2010906 | 17 W Beck Ave | Long Beach Township | LBI | $1,249,000 |
New Active | NJOC2010936 | 107-D Long Beach Blvd | Long Beach Township | LBI | $4,495,000 |
New Active | NJOC2010930 | 17 E 15th | Long Beach Township | LBI | $2,250,000 |
New Active | NJOC2010964 | 101 Starr Ave | Long Beach Township | LBI | $1,849,000 |
New Active | NJOC2010854 | 7403 Long Beach Blvd | Harvey Cedars | LBI | $999,000 |
New Active | NJOC2010888 | 17 Magnolia | Long Beach Township | LBI | $1,950,000 |
New Active | NJOC2010572 | 1108 Long Beach Blvd | Ship Bottom | LBI | $1,295,000 |
New Active | NJOC2010794 | 7805 Bayview | Long Beach Township | LBI | $975,000 |
New Active | NJOC2010760 | 813 N Ocean Ave | Surf City | LBI | $3,999,900 |
New Active | NJOC2010788 | 300 W 19th St | Ship Bottom | LBI | $1,679,000 |
New Active | NJOC2010434 | 6203 Long Beach Blvd | Long Beach Township | LBI | $1,700,000 |
New Active | NJOC2010642 | 3901 Ocean | Long Beach Township | LBI | $2,700,000 |
Back to Active | NJOC2010574 | 6 N 23rd St | Surf City | LBI | $3,999,000 |
Price Decrease | NJOC2009444 | 9 Adrian | Long Beach Township | LBI | $1,175,000 |
Price Decrease | NJOC2010368 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,550,000 |
Price Decrease | NJOC2010362 | 7701 Long Beach Blvd | Harvey Cedars | LBI | $1,550,000 |
Price Decrease | NJOC2006078 | 6808 Kent Pl | Harvey Cedars | LBI | $3,995,000 |
Price Decrease | NJOC2009658 | 204 21st | Long Beach Township | LBI | $3,999,075 |
Price Decrease | NJOC2010616 | 312 Coral St | Beach Haven | LBI | $999,998 |
Price Decrease | NJOC2009796 | 312 Coral St | Beach Haven | LBI | $999,998 |
Price Decrease | NJOC2000029 | 3200 Long Beach Blvd | Long Beach Township | LBI | $1,399,000 |
Price Decrease | NJOC2010282 | 11 E. 13th | Beach Haven | LBI | $1,199,000 |
Price Decrease | NJOC2009584 | 2400 N Long Beach Blvd | Surf City | LBI | $2,199,000 |
Price Decrease | NJOC2009974 | 1102 Barnegat Ave | Ship Bottom | LBI | $1,575,000 |
Price Decrease | NJOC2010796 | 14 E Maryland | Long Beach Township | LBI | $1,299,000 |
Price Decrease | NJOC2010480 | 322 W 18th St | Ship Bottom | LBI | $1,495,000 |
Price Decrease | NJOC2000492 | 304 W 21st St | Ship Bottom | LBI | $2,295,000 |
Price Decrease | NJOC2010462 | 1805 Bay Ter | Ship Bottom | LBI | $1,549,000 |
Price Decrease | NJOC2008402 | 4911 S Long Beach Blvd | Long Beach Township | LBI | $3,995,000 |
Price Decrease | NJOC2008220 | 201 W 19th St | Ship Bottom | LBI | $1,390,000 |
Price Decrease | NJOC2009646 | 1608 Bayview Ave | Barnegat Light | LBI | $999,000 |
Price Decrease | NJOC2010758 | 215 W 23rd St | Ship Bottom | LBI | $1,199,900 |
Active Under Contract | NJOC2010554 | 8003 Bay Terrace | Harvey Cedars | LBI | $2,395,000 |
Active Under Contract | NJOC2008612 | 19 W Dune Ln | Long Beach Township | LBI | $3,599,000 |
Active Under Contract | NJOC2007798 | 9-B West Bergen Ave | Harvey Cedars | LBI | $2,500,000 |
Active Under Contract | NJOC2010548 | 13 E 37th | Long Beach Township | LBI | $1,475,000 |
Active Under Contract | NJOC2010238 | 9 E 15th | Long Beach Township | LBI | $1,149,000 |
Active Under Contract | NJOC2010412 | 265 W 12th St | Ship Bottom | LBI | $985,000 |
Active Under Contract | NJOC2010460 | 14 W Carolina | Long Beach Township | LBI | $1,599,000 |
Pending | NJOC2004566 | 411 S Bay Ave S | Beach Haven | LBI | $2,195,000 |
Pending | NJOC2010804 | 7 Utah | Long Beach Township | LBI | $999,999 |
Pending | NJOC2004794 | 203 Berkeley Ave | Beach Haven | LBI | $1,499,000 |
Pending | NJOC2009514 | 369 W 8th St #4 | Ship Bottom | LBI | $925,000 |
Pending | NJOC2009012 | 222 N 19th St | Surf City | LBI | $1,899,000 |
Closed | NJOC408488 | 126 E Texas | Long Beach Township | LBI | $3,800,000 |
Closed | NJOC2008122 | 45-C Long Beach Blvd | Long Beach Township | LBI | $3,450,000 |
Closed | NJOC2008780 | 2004 Central Ave | Barnegat Light | LBI | $1,700,000 |
Closed | NJOC2008620 | 4703 S Long Beach Blvd | Long Beach Township | LBI | $3,900,000 |
Closed | NJOC2007984 | 128 W Pennsylvania Ave | Long Beach Township | LBI | $1,450,000 |
Closed | NJOC2008808 | 18 E Sand Dune Ln | Long Beach Township | LBI | $999,999 |
Closed | NJOC2009914 | 325 Berkeley Ave | Beach Haven | LBI | $1,655,000 |
Closed | NJOC2009716 | 600 N Delaware Ave #4 | Beach Haven | LBI | $829,000 |
Closed | NJOC2009404 | 23 E Seabreeze | Long Beach Township | LBI | $1,400,000 |
Closed | NJOC2009580 | 242 N 8th St | Surf City | LBI | $998,027 |
Closed | NJOC2008846 | 8001 Bay Ter | Harvey Cedars | LBI | $2,125,000 |
Closed | NJOC2006418 | 2421 Long Beach Blvd | Ship Bottom | LBI | $1,944,000 |
Closed | NJOC2009314 | 9500 Beach | Long Beach Township | LBI | $1,400,000 |
Closed | NJOC2009550 | 4 Magnolia Ave | Long Beach Township | LBI | $2,385,000 |
Closed | NJOC2009276 | 426 Dock Rd | Beach Haven | LBI | $999,000 |
Closed | NJOC2008250 | 431 Centre St | Beach Haven | LBI | $859,000 |
Closed | NJOC2008776 | 242 N 11th St | Surf City | LBI | $1,391,000 |
Closed | NJOC408068 | 7913 Long Beach Blvd | Long Beach Township | LBI | $1,775,000 |
Temporary Off Market | NJOC2005100 | 2 N 2nd St | Surf City | LBI | $4,399,000 |
Withdrawn | NJOC2002116 | 510 W Dock Rd | Beach Haven | LBI | $2,295,000 |
Canceled | NJOC2009740 | 217 N Long Beach Blvd | Surf City | LBI | $1,699,000 |
Canceled | NJOC2009332 | 217 N Long Beach Blvd | Surf City | LBI | $1,699,000 |
Expired | NJOC2002974 | 115 E Mermaid | Long Beach Township | LBI | $2,799,000 |
Expired | NJOC2005508 | 2910 Beach | Long Beach Township | LBI | $1,150,000 |
LBI New Jersey Real Estate Sales Analysis
Perhaps the biggest surprise this week was the 19 price drops in the LBI real estate market. That is a clear indicator that things are starting to slow down. Again, this is not a sign the market is crashing, rather it is just showing us that the wild appreciation is at an end and the market has to balance out. There are 125 active listings in the MLS this week and 94 pending sales. 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 6/12/2022-6/19/2022 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
