LBI Real Estate Weekly Sales Update /8/2023-1/15/2023
- High Tides Digital Marketing
- Jan 16, 2023
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/8/2023-1/15/2023
LBI Real Estate Weekly Sales Update /8/2023-1/15/2023: There were 52 changes to the Long Beach Island real estate sales market this week, and for the first time in a long time, new listings far outstripped pending sales. 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 on Long Beach Island NJ. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
15 new listings entered the market with an average price of $2,412,767
8 listings went under contract with an average listing price of about $1,067,500
8 properties sold on Long Beach Island with an average price of $1,786,875
7 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update /8/2023-1/15/2023
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 |
Coming Soon | NJOC2015800 | 101 N 1st Street | Surf City | LBI | $2,199,000 |
New Active | NJOC2015856 | 900 N Beach Ave #8 | Beach Haven | LBI | $540,000 |
New Active | NJOC2015690 | 101 W 9th St #102 | Ship Bottom | LBI | $785,000 |
New Active | NJOC2015852 | 4206 Long Beach #E | Long Beach Township | LBI | $995,000 |
New Active | NJOC2015832 | 25 Colorado | Long Beach Township | LBI | $1,199,999 |
New Active | NJOC2015592 | 4 E Jerome Ave | Beach Haven | LBI | $1,250,000 |
New Active | NJOC2015364 | 10 W Joan Rd | Long Beach Township | LBI | $1,550,000 |
New Active | NJOC2015716 | 17 E Delaware Ave | Long Beach Township | LBI | $2,500,000 |
New Active | NJOC2015728 | 20 E 7th St | Beach Haven | LBI | $2,695,000 |
New Active | NJOC2015540 | 108 E 29th St | Long Beach Township | LBI | $2,695,000 |
New Active | NJOC2015718 | 281 W Riviera | Long Beach Township | LBI | $3,239,000 |
New Active | NJOC2015816 | 214 2nd St E | Beach Haven | LBI | $3,350,000 |
New Active | NJOC2015590 | 11804 Sunset Ter | Long Beach Township | LBI | $3,699,500 |
New Active | NJOC2015736 | 4911 S Long Beach Blvd | Long Beach Township | LBI | $3,995,000 |
New Active | NJOC2015786 | 12213 Ocean Ave | Long Beach Township | LBI | $5,499,000 |
Back to Active | NJOC2014274 | 6110 Long Beach | Long Beach Township | LBI | $980,000 |
Price Decrease | NJOC2014966 | 310 W West Ave #K-3 | Beach Haven | LBI | $695,000 |
Price Decrease | NJOC2013726 | 3101 S Long Beach Blvd S #0840 – UNIT 4 U | Long Beach Township | LBI | $979,000 |
Price Decrease | NJOC2011686 | 8511 Long Beach | Long Beach Township | LBI | $1,274,000 |
Price Decrease | NJOC2014496 | 1 W Joshua | Long Beach Township | LBI | $1,549,000 |
Price Decrease | NJOC2011522 | 152 Marina Blvd. | Long Beach Township | LBI | $1,985,000 |
Price Decrease | NJOC2008242 | 1604 Bayview Ave | Barnegat Light | LBI | $2,499,000 |
Price Decrease | NJOC2015058 | 1602 Bayview Ave | Barnegat Light | LBI | $2,499,000 |
Active Under Contract | NJOC2015492 | 20 Amber St #E11 | Beach Haven | LBI | $469,000 |
Active Under Contract | NJOC2015724 | 288 N 12th St | Surf City | LBI | $899,000 |
Active Under Contract | NJOC2014364 | 22 SW 33rd | Long Beach Township | LBI | $949,000 |
Active Under Contract | NJOC2014682 | 130 Taylor Ave | Beach Haven | LBI | $1,399,000 |
Pending | NJOC2015640 | 405 Central Ave | Ship Bottom | LBI | $780,000 |
Pending | NJOC2013504 | 3 Bay Shore Rd | Long Beach Township | LBI | $1,150,000 |
Pending | NJOC2015598 | 251 N 10th St | Surf City | LBI | $1,299,000 |
Pending | NJOC2014482 | 9313 Susan | Long Beach Township | LBI | $1,595,000 |
Closed | NJOC2014224 | 18 E 20th Street | Long Beach Township | LBI | $1,000,000 |
Closed | NJOC2014654 | 604 N Atlantic Ave | Beach Haven | LBI | $1,405,000 |
Closed | NJOC2015368 | 25 N 13th Street | Surf City | LBI | $1,600,000 |
Closed | NJOC2014372 | 29 N 13th Street | Surf City | LBI | $1,600,000 |
Closed | NJOC2011634 | 170-I Sea Pine Drive | Long Beach Township | LBI | $1,695,000 |
Closed | NJOC2013668 | 5107 Ocean Blvd | Long Beach Township | LBI | $2,100,000 |
Closed | NJOC2013242 | 304 W 21st St | Ship Bottom | LBI | $2,100,000 |
Closed | NJOC2004970 | 12615 Beach Ave | Long Beach Township | LBI | $2,795,000 |
Temporary Off Market | NJOC2014154 | 6107 Ocean Blvd | Long Beach Township | LBI | $2,795,000 |
Temporary Off Market | NJOC2015206 | 210 N Bay Ave | Beach Haven | LBI | $5,499,000 |
Withdrawn | NJOC2015062 | 1610 Bayview Ave | Barnegat Light | LBI | $999,000 |
Withdrawn | NJOC2009646 | 1608 Bayview Ave | Barnegat Light | LBI | $999,000 |
Withdrawn | NJOC2015060 | 1606 Bayview Ave | Barnegat Light | LBI | $999,000 |
Withdrawn | NJOC2008096 | 3 E Surf Ave | Beach Haven | LBI | $2,549,000 |
Withdrawn | NJOC2003864 | 131-C Long Beach Blvd | Long Beach Township | LBI | $7,799,000 |
Canceled | NJOC2014718 | 604 N Atlantic Ave | Beach Haven | LBI | $1,449,000 |
Canceled | NJOC2012876 | 20 E 7th St | Beach Haven | LBI | $2,800,000 |
Canceled | NJOC2008402 | 4911 S Long Beach Blvd | Long Beach Township | LBI | $3,995,000 |
Expired | NJOC2003640 | 275 W 27th St | Ship Bottom | LBI | $2,549,000 |
Expired | NJOC2011602 | 1049-B Long Beach | Long Beach Township | LBI | $3,500,000 |
Expired | NJOC2010896 | 12213 Ocean Ave | Long Beach Township | LBI | $5,499,000 |
LBI New Jersey Real Estate Sales Analysis
January and February are some of the strongest months for new listings entering the market. 2023 seems to be following that trend, at least for now. This is welcomed new to buyers who generally have high confidence in the LBI real estate market but need inventory to buy! In fact, some of these new listings already have offers and are in attorney review, although they have not officially been reported as being under contract yet. This shows how when new listings enter the LBI real estate market, they are absorbed almost immediately. Inventory remains low with 107 active single-family home listings (some of which have offers and are close to a deal) in the MLS this week and 50 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 /8/2023-1/15/2023 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
