Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/13/2020-4/20/2020
- High Tides Digital Marketing
- Apr 19, 2020
- 4 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/13/2020-4/20/2020
LBI Real Estate Weekly Sales Update 4/13/2020-4/20/2020: For the first time since coronavirus or COVID-19 began to be in the forefront of the news, the LBI real estate market improved. Up until this week we had witnessed a pattern of less activity and more "negative" activity, an example of which would be a deal falling apart and the house coming back on the market. We saw a big change in that patten this week. 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 You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:
12 new listings entered the market with an average price of $1,028,233
12 listings went under contact with an average listing price of about $1,296,817
8 properties sold on Long Beach Island with an average price of $744,656
12 listings were either withdrawn of expired in the LBI real estate market
3 listings came back on the sale market
LBI Real Estate Weekly Sales Update 4/13/2020-4/20/2020
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PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), "C" means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing.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 | Cat | Address | City | Current Price |
Coming Soon | RES | 6115 Bayview | Long Beach Township | $1,555,000 |
New Active | RES | 7700 Long Beach #B | Long Beach Township | $329,000 |
New Active | RES | 128 E 30th St #1 | Ship Bottom | $595,000 |
New Active | RES | 1414 Beach Ave | Long Beach Township | $699,000 |
New Active | MUL | 1414 Beach | Long Beach Township | $699,000 |
New Active | RES | 9 W 86th St | Long Beach Township | $719,000 |
New Active | RES | 114 S 1st St | Surf City | $769,000 |
New Active | RES | 334 Cranberry Drive | Long Beach Township | $999,900 |
New Active | COM | 2 E 20th St | Long Beach Township | $1,099,000 |
New Active | RES | 6003 Long Beach Blvd | Long Beach Township | $1,150,000 |
New Active | RES | 326 Cranberry Drive | Long Beach Township | $1,249,900 |
New Active | RES | 123-East 19th | Long Beach Township | $2,475,000 |
Back to Active | RES | 365 W 8th St #3 | Ship Bottom | $619,000 |
Back to Active | RES | 302 W 10th St | Ship Bottom | $1,500,000 |
Back to Active | RES | 15 S 2nd St | Surf City | $1,849,000 |
Price Decrease | RES | 11 E 40th #U1 | Long Beach Township | $519,000 |
Price Decrease | RES | 2510 Long Beach Blvd #1B | Ship Bottom | $529,000 |
Price Decrease | RES | 21 S 3rd St | Surf City | $899,900 |
Price Decrease | MUL | 21 S 3rd St | Surf City | $899,900 |
Price Decrease | RES | 4 E 24th St | Long Beach Township | $1,149,900 |
Price Decrease | RES | 116 E Lillie Ave. | Long Beach Township | $1,799,900 |
Price Decrease | RES | 14 4th St | Beach Haven | $2,495,000 |
Active Under Contract | RES | 22 Carolina Ave #2 | Long Beach Township | $659,000 |
Active Under Contract | RES | 24 W Connecticut (83rd St) Ave | Long Beach Township | $1,149,000 |
Active Under Contract | RES | 2422 Long Beach | Long Beach Township | $1,299,000 |
Pending | RES | 2219 Central Ave #4 | Ship Bottom | $127,900 |
Pending | RES | 1000 N Bay Ave #C7 | Beach Haven | $395,000 |
Pending | RES | 54 W 80th St | Harvey Cedars | $925,000 |
Pending | RES | 130 Old Whaling | Beach Haven | $945,000 |
Pending | RES | 14 W Indiana Ave | Long Beach Township | $999,000 |
Pending | RES | 61-D Sunset | Long Beach Township | $1,649,000 |
Pending | RES | 95 Panorama Dr | Long Beach Township | $2,239,900 |
Pending | RES | 1067- C Long Beach Blvd | Long Beach Township | $2,575,000 |
Pending | RES | 24 Panorama Dr | Long Beach Township | $2,599,000 |
Closed | RES | 1504 S Beach Ave #3 | Beach Haven | $420,000 |
Closed | RES | 9 W Coughlan | Long Beach Township | $599,000 |
Closed | RES | 369 W 7th St | Ship Bottom | $610,000 |
Closed | RES | 19 Joan Rd | Long Beach Township | $621,250 |
Closed | RES | 15 W Janet Rd | Long Beach Township | $675,000 |
Closed | RES | 2 E California Ave./100th St. #A/WEST UNIT | Long Beach Township | $753,000 |
Closed | RES | 21 W Hobart | Long Beach Township | $829,000 |
Closed | RES | 4800 Ocean Blvd | Long Beach Township | $1,450,000 |
Temporary Off Market | RES | 403 Tidal Dr | Long Beach Township | $1,095,000 |
Withdrawn | RES | 229 11th St #D | Beach Haven | $374,999 |
Withdrawn | RES | 26 N 24th St | Surf City | $949,000 |
Canceled | RES | 326 Cranberry Drive | Long Beach Township | $1,299,900 |
Canceled | RES | 5413 Ocean Blvd | Long Beach Township | $3,599,000 |
Expired | RES | 6 Cohasset Rd. | Long Beach Township | $747,000 |
Expired | RES | 5404 Long Beach Blvd | Long Beach Township | $750,000 |
Expired | LAND | 113 E Delaware Ave | Long Beach Township | $775,000 |
Expired | RES | 1060-C Long Beach Blvd #EAST UNIT | Long Beach Township | $885,000 |
Expired | RES | 168-B Long Beach Blvd | Long Beach Township | $1,079,000 |
Expired | RES | 4903 S Long Beach Blvd | Long Beach Township | $1,499,000 |
Expired | RES | 2 Taylor Ave | Beach Haven | $1,699,000 |
LBI New Jersey Real Estate Sales Analysis
As a comparison, last week there were 7 new listings (12 this week), 8 pending sales (12 this week), 9 closings (8 this week), and the same number (3) of listings coming back on the market. The fact that we see more new inventory coming on the market and more pending sales taking place is a good sign of confidence in the LBI real estate market. Make no mistake, things are still slower than usual but we do see improvement. One other positive note is the price point. The average price of a new listing and pending listing was far higher this week than last. While there was one less closing, that is not a surprise as closed sales reflect market activity 30-60 days old. For more information about buying, selling or investment in the Long Beach Island real estate market or about Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/13/2020-4/20/2020 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
