Long Beach Island Real Estate Sales Market Update June 5th 2023

High Tides Digital Marketing
Jun 6, 2023
2 min read

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

Long Beach Island Real Estate Sales Market Update June 5th 2023

The LBI real estate market saw several new listings come on the market today, which is welcomed news after the imbalance of new listings and pending sales last week on Long Beach Island. Several of these new listings have never been on the market before!

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

LBI Real Estate Daily Market Update June 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	Area	City	Current Price
New Active	NJOC2019012	6 W McKinley Ave.	LBI	Long Beach Township	$1,599,000
New Active	NJOC2019010	121 E Indiana	LBI	Long Beach Township	$1,925,000
New Active	NJOC2018556	67-A,B,C Long Beach Blvd	LBI	Long Beach Township	$6,000,000
New Active	NJOC2018602	805 S Bay Ave	LBI	Beach Haven	$3,495,000
Price Decrease	NJOC2014570	11 James St	LBI	Harvey Cedars	$1,595,000
Active Under Contract	NJOC2018440	124 W Harmony Ave	LBI	Long Beach Township	$2,499,000
Pending	NJOC2017678	8204 Bay Ter	LBI	Harvey Cedars	$2,300,000
Withdrawn	NJOC2017762	33 W Essex Ave	LBI	Harvey Cedars	$1,799,000
Expired	NJOC2016858	411 N 3rd St	LBI	Surf City	$1,999,000

While there were 4 new listings on the market today, the net gain to the market was zero. There were two pending sales, and 2 homes failed to sell and were pulled from the market. Therefore, the number of homes for sale in the LBI real estate market remained unchanged. The good news is, some of the new listings were "first time" listings, meaning they have not been previously offered for sale. This is always exciting new for buyers in the LBI real estate market, and it likely that they will transact quickly. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.