Long Beach Island NJ (LBI NJ) Real Estate Market Update for January 5th 2023

High Tides Digital Marketing
Jan 5, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for January 5th 2023

Long Beach Island Real Estate Sales Market Update Long Beach Island NJ (LBI NJ) Real Estate Market Update for January 5th 2023

The LBI real estate has seen a rather typical amount of activity so far in January 2023. Inventory continues to remain a challenge and is near historic lows. So long as this trend perpetuates, it is difficult to see any meaningful drop in prices.

0 new listings came up for sale in the LBI real estate market
0 homes went under contract on LBI
2 homes sold on Long Beach Island
2 homes saw a price reduction in the LBI real estate market

LBI Real Estate Daily Market Update Long Beach Island NJ (LBI NJ) Real Estate Market Update for January 5th 2023

Below is a breakdown of all changes and transactions that took place in the LBI real estate market today.

Last Change Type	MLS #	Address	City	Current Price
Price Decrease	NJOC2014678	83 W Tebco #D	Long Beach Township	$2,049,000
Price Decrease	NJOC2014674	83 W Tebco #C	Long Beach Township	$2,049,000
Closed	NJOC2013018	1905 Bay	Long Beach Township	$1,250,000
Closed	NJOC2014086	1220 Central Ave	Ship Bottom	$980,000
Withdrawn	NJOC2012412	505 Dock Rd #EAST SIDE	Beach Haven	$2,500

January and February tend to be strong months for listings on Long Beach Island. Buyers in the LBI real estate market need more inventory and if we do see the expected uptick in new listings, it is fair to assume these listings will be picked up quickly. Buyers are in the market and eager to purchase a home for Sumer 2023. A well priced home is likely to sell and sell quickly! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.