The Long Beach Island Real Estate Market: LBI Real Estate Weekly Sales Update 1/1/2023-1/8/2023

Sunday, January 8, 2023

LBI Real Estate Weekly Sales Update 1/1/2023-1/8/2023

Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 1/1/2023-1/8/2023: The LBI real estate saw strong activity for the first week of 2023! There were a total of 41 changes to the MLS this past week. Pending sales made up a small percentage of this, but that is not uncommon for the first couple of weeks of January. 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 You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame.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:

19new listings entered the market with an average price of $2,100,222 (not some of these new listings are old listings that expired after the first of the new year)
3 listings went under contract with an average listing price of about $1,766,667
8 properties sold on Long Beach Island with an average price of $1,596,875
3 listings saw price reductions in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com