A Message from Michelle discussing the June 2023 LBI NJ Market Report…
The slow trickle of listings has failed to improve the LBI real estate market. Year-over-year data remains virtually unchanged or barely changed. Month-to-month listings remain relatively stable at 125 +/- active single-family home listings for all six Island communities. While there is a demand for high-end luxury homes as evidenced by the sale of 122 E. Wyoming for $8,200,000.00 in June, average sale prices dipped slightly in four of the six communities.Ā The persistently low inventory remains the biggest obstacle impacting market performance. Overall, LBI continues to show stability despite seasonal adjustments.Ā One cannot help but wonderā¦ “Where are the sellers?”
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*Single family home information provided by Bright MLS. June 2023 LBI NJ Market Report. Previous market reports may be found on website.
Click here to review last months statistics.
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Curious? Here are 10 Newly Listed Homes
| NJOC2019528 | 9 W Hollybanks | $1,300,000 |
| NJOC2019502 | 14 E Sigsbee Ave, Brant Beach | $1,499,000 |
| NJOC2019380 | 2-A Long Beach Blvd, Loveladies | $2,350,000 |
| NJOC2019348 | 4 E 19th St, North Beach Haven | $1,499,000 |
| NJOC2019346 | 113 W Indiana, Beach Haven Terrace | $1,495,000 |
| NJOC2019278 | 7 S Central Ave, Surf City | $2,200,000 |
| NJOC2019258 | 104 E Macevoy, The Dunes | $1,849,000 |
| NJOC2019150 | 129 32nd, Beach Haven Gardens | $1,999,000 |
| NJOC2019128 | 319 4th St, Beach Haven | $2,249,999 |
| NJOC2019010 | 121 E Indiana, Beach Haven Terrace | $1,925,000 |
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Featured Listing of the Month
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What I’m interested in…
Sad Day for the Jersey Shore
The federal government has officially approved Ocean Wind 1, allowing for the construction and operation of the country’s third commercial-scale, offshore wind project. I invite you to read the attached article where our federal and local officials have attempted to put a positive spin on one of the most detrimental projects affecting us at the Jersey shore. Read more: Feds Approve Wind Farm Project Off Coast Of Ocean City.
You can help! Save LBI is a local conservation group that promotes programs, policies, and actions to protect the Island. For more information about Save LBI, visit their website.
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Do you want more LBI news?Ā
Sign up here for your free monthly LBI market report.
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Follow the below links to find your next home!Ā
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LBI Emergency Alerts
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Did you know… you can find any home, anywhere by downloading the free RE/MAX mobile app?Ā Click here!
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