The Dunes Real Estate Sales 2023

High Tides Digital Marketing
Jan 17
2 min read

Updated: 3 days ago

The Dunes New Jersey 2023 LBI Real Estate Market Sales

The Dunes real estate market on Long Beach Island (LBI) continues to show price growth but suffers from the lack of inventory like the rest of the LBI real estate market. 2023 ended with only six closed transactions, but this lower than average number of closed sales has to do with there simply not being much on the market to buy in The Dunes! Properties in The Dunes had a wide range of prices, with the minimum listed at $1,100,000 and the maximum reaching an impressive $5,499,000. This variation underscores the diversity of options available, catering to different buyer preferences and budgets. The average listing price sat at approximately $2,797,833, while the median price stood at $2,520,000.

The Dunes Real Estate Sales 2023

Below is a breakdown of all sold single-family homes in the The Dunes real estate market in 2023.

MLS #	Address	City	Section	Price
NJOC2016306	9 W Hollybanks Ln	Long Beach Township	The Dunes	$1,000,000
NJOC2019258	104 E Macevoy	Long Beach Township	The Dunes	$1,749,000
NJOC2021728	9 W Ryerson Ln	Long Beach Township	The Dunes	$2,025,000
NJOC2004970	12615 Beach Ave	Long Beach Township	The Dunes	$2,795,000
NJOC2014580	12400 Ocean Ave	Long Beach Township	The Dunes	$2,995,000
NJOC2018208	12213 Ocean Ave	Long Beach Township	The Dunes	$5,200,000

The Dunes Real Estate Sales Analysis

Current price trends reflect a resilient marketplace in The Dunes and throughout the LBI NJ real estate market. The average current price of the sold properties in The Dunes reached around $2,627,333, showcasing a strong demand that has led many sellers to adjust their expectations while maintaining a competitive edge. Notably, homes sold in The Dunes have maintained a sales price of about 90.2% of their original listing price, with the average selling price coming in at 93.5% of the list price, highlighting the negotiations that often accompany real estate transactions, even in desirable locations like The Dunes. Days on the market for these listings averaged around 60 days, providing insight into the pace at which properties are being bought and sold. This relatively brisk timeline suggests that buyers take advantage of opportunities when they enter the market. Moreover, the cumulative days on the market for these properties suggest a trend toward quicker sales compared to the rest of the LBI real estate market. For more information about buying, selling or investing in the Long Beach Island real estate market or about The Dunes Real Estate Sales 2023 please do not hesitate to contact me.