Messages from Sand Dollar are on our homepage, but many of you just come directly to this page, so I have posted these messages below as well:

Hello from the Beach!

October 15, 2020

The 3rd Quarter Market Stats and YTD numbers are posted. Check out our YTD stats or 3rd Quarter Sold. The market continues at a fast pace with serious pressure from buyers who are seeking an LBI 2nd home. Inventory remains low, sellers this is your market and your time. If thinking about selling, click here.

September 3, 2020

The end of Summer is near and a long summer it has been. LBI enjoyed a ‘full house’ most of the summer and it looks like we will carry this trend into the Fall. Bookings are picking up for September and October with many seeking longer term stays.

The sales market continued at a brisk pace throughout the summer. Inventory remains on the low side (189 single family homes) and as would be expected prices are on an upward trend. The average sales price is now $1,077,022 which is around a 4.5% increase over the same time as last year. Houses are selling at 96.3% of the final list price and there are 159 houses waiting to close.

Have a Great and Safe Labor Day

 

August 6, 2020 – Snapshot of LBI Market

Currently, there are 188 single family homes for sale. This is a very low number. There are 123 single family homes under contract. This is a very high number. Overall we are ahead of last year for the time period of Jan to July. For 2020 the Average Sales Price has increased to $1,060,078 based on 360 homes sold with a list price to sales price ratio of 95.9%. For the same time period in 2019, the Average Sales Price was $1,038,241 based on 320 sold homes with a ratio of 95.7%. The market continues to move at a fairly brisk pace.

July 9, 2020

The latest issue of LBI MarkeTrends Newsletter is available. What a wild 6 months we have had on LBI! Read all about it. Request your issue by emailing: SandDollaronLBI@att.net and ask to be put on our distribution list.

 

June 11, 2020

Just to give you a quick update on our current market conditions…

• 15% behind in units sold (39 units) over the same time last year. This was expected as the ‘shelter in home’ took place in mid-March and is only now beginning to be lifted. Also, closings have been taking a bit longer as we all adjust to `distance closings’.
• On the flip side, there are 80 homes in a pending status. Normally, we see around 45-60 at one time and depending on the time of the year. So, this is a high number and should make up for the prior slowdown in units sold.
• Average Sales Price fell about 3% over this time last year. Part of this is due to the mix of sales, there have been no high-end sales – over $4M+. This will change as some of the `pendings’ begin to close as there is an oceanfront in pending at $5,999,000.
• Days on the market are a bit longer, but again it is taking longer to get a deal from contract to closing so this is expected as well.
• % of Sales Price to List Price is still around 95% to 96%.
• Inventory remains low.

So overall, LBI is weathering the COVID-19 rather well. The Island has always shown its resilience!

May 13, 2020

Pat Sepanak Interview on Current Conditions of LBI Sales and Rental Market

 

May 7, 2020

LBI Market Update

I thought I would give you a quick update as to what we area seeing in our sales and rental markets. I will update as I see news worth reporting to you. I have also just completed an LBI MarkeTrends Quarterly Update Newsletter. If wish to receive a copy, please email me at PatonLBI@att.net with your request.

Sales Market: Average Sales Price (ASP) shows a drop around 4% over 2019. However, there have not been as many high end sales ($3M+) as in previous years. Reviewing most other sales, no overall decline in prices are noted. Inventory remains on the low side as do ‘under contract’ sales. Some sales did fall through as buyers choose not to continue with their purchase due to the economic uncertainty of the impact of COVID-19. The mid year numbers will be a better indication on the health of the LBI real estate market. So far, LBI is holding pretty steady.

Rental Market: We have experienced a few cancellations at this time due to concerns about COVID-19. We have fielded many phone calls with questions about how LBI will pan out. The majority of our summer guests seem to be looking forward to a vacation on LBI. Prior to the outbreak, our bookings were up. We are still receiving inquiries which we take as a very good sign. If there is improvement with the handling of COVID-19 there is expectations that we could have a surge as LBI may be deemed safer than many other choices.

Stay Healthy,

Pat Sepanak

Broker/Owner

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Our Goal: to supply you with the best market data available so you can make the right decisions about purchasing on LBI; and to assist you in all phases of the home purchase process so you are assured that you not only have found Your Perfect Beach Home on Long Beach Island you arrived there in the most professional manner.

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Below, find out each week what’s been ‘Newly Listed‘, what just went ‘Under Contract‘ and what has ‘Just Closed‘. Want to know local headline news or maybe check out the local weather to see if we are having another wonderful beach day.

(Of course, any day at the beach is a wonderful day.) 

MARKET SNAPSHOT

 (from the Bright Multiple Listing Service)

This Update is for the single family and condo market. If you would like update information for multi family, land or commercial, either email us with your desired parameters or use our Early Buyer’s Alert program.

If you desire more information on any of the properties below, you can go click on
the link under each grouping.  

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Week of: 10/22/20 – 10/29/20

NEWLY LISTED

	MLS #	Address	Town	Beds	Baths	SQFT	Lot Size	Current Price
	NJOC404576	2502 Long Beach Blvd. #3B	SHIP BOTTOM	3	2	1,282	100×80	$649,000
	NJOC404480	41 Adrian Rd	HIGH BAR HARBOR	3	1/1	1,024	60.00 x 100.00	$829,000
	NJOC404540	1100 N Bay Ave #A10	BEACH HAVEN	4	3/0	1,717	0.00 x 0.00	$865,000
	NJOC404472	2 W Winifred	BEACH HAVEN CREST	4	2/1	2,183	45.00 x 105.00	$999,900
	NJOC404530	3 E 16th	NORTH BEACH HAVEN	4	3	1,489	40.00 x 100.00	$1,249,000
	NJOC404574	6115 Bayview Ave	BRANT BEACH	6	4	2,424	50.00 x 100.00	$1,350,000
	NJOC404538	900 S Beach Ave	BEACH HAVEN – LEH YACHT	5	2	2,368	50.00 x 100.00	$1,390,000
	NJOC404648	4306 S Long Beach Blvd	HOLGATE	5	3/1	1,984	50.00 x 115.00	$1,399,000
	NJOC404528	209 W 28th St	NONE AVAILABLE	3	2	1,113	100.00 x 100.00	$1,400,000
	NJOC404494	112 Sailboat	PEAHALA PARK	4	3/1	1,757	48.00 x 75.00	$1,499,999
	NJOC404464	5204 Ocean	BRANT BEACH	5	3	2,042	50.00 x 75.00	$1,799,000
	NJOC404436	117 Laguna	LOVELADIES	5	4/2	3,548	100.00 x 100.00	$2,950,000
	NJOC404488	15 N Ocean Ave	SURF CITY	6	6/2	4,400	60 x 100	$3,995,000

Click here for more listing data.

UNDER CONTRACT

	MLS #	Address	Town	Beds	Baths	SQFT	Lot Size	Current Price
	NJOC404138	5513 Bayview Ave	BRANT BEACH	5	2	1,436	55.00 x 85.00	$699,000
	NJOC404364	246 W 14th St W	SHIP BOTTOM	4	2	1,080	40.00 x 100.00	$724,900
	NJOC404102	312 N 3rd St	SURF CITY	4	2	1,374	50.00 x 100.00	$769,000
	NJOC404458	6 E Jeanette Ave	BEACH HAVEN CREST	3	2	1,336	50.00 x 80.00	$819,000
	NJOC403918	4908 S Long Beach Blvd	HOLGATE	3	2/1	1,334	61.00 x 62.00	$949,000
	NJOC404554	128 E 13th	NORTH BEACH HAVEN	3	2/0	1,560	40.00 x 100.00	$995,000
	NJOC404456	213 Nautilus Dr	LOVELADIES	4	2	1,584	100.00 x 100.00	$1,399,000
	NJOC400212	1123-B Long Beach #B	NORTH BEACH	6	4/1	3,790	106.50 x 100.00	$2,475,000
	NJOC404064	2108 Waverly	NONE AVAILABLE	4	3/1	2,324	50.00 x 90.00	$2,549,000
	NJOC395748	12 E 29th St	BARNEGAT LIGHT	6	6/1	4,180	62.50 x 130.00	$4,599,000

Click here for more listing data

CLOSED

	MLS #	Address	Town	Beds	Baths	SQFT	Lot Size	DOM	Original List Price	List Price	Sold Price
	NJOC400858	203 W 22nd St	SHIP BOTTOM	4	2	1,536	40.00 x 100.00	9	$699,000	$699,000.00	$699,000
	NJOC399910	2 W Bayberry	PEAHALA PARK	3	2	1,200	56.00 x 80.00	83	$759,900	$729,000.00	$710,000
	NJOC399250	9 Amherst	HIGH BAR HARBOR	4	1/1	1,404	60.00 x 100.00	23	$719,000	$739,000.00	$739,000
	NJOC401588	114 W 25th St	NONE AVAILABLE	4	2/1	1,998	50×96	16	$799,000	$799,000.00	$750,000
	NJOC402996	15 30th	BEACH HAVEN GARDENS	4	3	1,742	40.00 x 90.00	1	$899,999	$899,999.00	$900,000
	NJOC402334	2208 Bayview Ave	BARNEGAT LIGHT	4	3	2,000	50.00 x 126.00	16	$949,000	$949,000.00	$930,000
	NJOC396952	1 E Florida	BEACH HAVEN PARK	5	3	2,484	47.00 x 93.00	163	$999,500	$999,500.00	$999,900
	NJOC402910	6611 Long Beach Blvd	BRANT BEACH	3	3	1,892	50.00 x 90.00	10	$989,000	$989,000.00	$999,999
	NJOC394074	315 Stratford Ave	BEACH HAVEN	4	3/2	3,211	40.00 x 100.00	171	$1,145,000	$1,145,000.00	$1,060,000
	NJOC402204	118 S Central Ave	SURF CITY	4	3	1,950	40.00 x 85.00	10	$1,150,000	$1,150,000.00	$1,150,000
	NJOC402596	308 W 4th St	SHIP BOTTOM	3	2	1,416	60.00 x 105.00	29	$1,200,000	$1,200,000.00	$1,190,000
	NJOC401832	9 E 25th St	BARNEGAT LIGHT	4	2/1	1,580	50.00 x 125.00	12	$899,000	$899,000.00	$1,300,000
	NJOC398216	211 11th St	BEACH HAVEN	4	3/1	2,000	40.00 x 100.00	96	$1,395,000	$1,395,000.00	$1,460,000
	NJOC402714	74 Arnold Blvd	HIGH BAR HARBOR	4	3/1	3,237	63.00 x 100.00	6	$1,499,000	$1,499,000.00	$1,550,000
	NJOC402216	45 Buckingham Ave	HARVEY CEDARS	4	3/1	2,166	73.00 x 90.00	19	$1,749,000	$1,749,000.00	$1,680,000
	NJOC394250	95-C Long Beach Blvd. #C	LOVELADIES	5	4/1	3,962	125.00 x 100.00	249	$2,289,000	$2,289,000.00	$2,289,000
	NJOC400024	12603 Ocean Ave.	THE DUNES	4	4/2	3,074	98×62	13	$3,150,000	$3,150,000.00	$3,155,000

Click here for more listing data

All information from our local MLS, deemed to be accurate but not guaranteed.

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THIS WEEK’S HEADLINES (from The Atlantic City Press, The Asbury Park Park Press, The Sandpaper)

One Hundred Two Volunteers Join Alliance for a Living Ocean for Fall Beach Sweeps

Jillian Spano, 2021 Mrs. New Jersey Earth, and her three children were among the 102 volunteers who took to the sands of Long Beach Island last Saturday, Oct. 24, as part of the 35th annual Fall Beach Sweeps, organized each year by Clean Ocean Action, and coordinated locally by Alliance for a Living Ocean. Spano, born and raised on the

LBI, SOMC Experience ‘Mild Uptick’ in COVID Cases as County Numbers Climb

Long Beach Island has seen a slight increase in COVID-19 cases recently, “particularly within the last few weeks and several among the older population,” according to health officer Dan Krupinski of the LBI Health Department. “That is concerning as we all know outcomes from this virus on average: the older you are, and your health status, can

Surf City Resolving Water-Related Issues

While the installation of new sump pumps in the area of Ninth Street is complete, Surf City officials are still addressing water-related issues at two of the borough’s wells.   Council President John Klose said earlier this month “not much good” has happened with water and sewer.  He is chairman of the borough’s water and sewer committee.  “Well No. 5 blew […]

Fire Pit Regulation Unchanged in Surf City

After a brief discussion earlier this month, the Surf City Borough Council agreed to let the municipal code regulating fire pits stand as is.   Its reconsideration was driven by a letter from a resident who wrote to say a neighbor’s use of a fire pit was an inconvenience for him, and he requested the council toughen up the zoning […]

County Continues Boulevard Work in Long Beach Township

Township Installing Pumps to Alleviate Flooding on Roadway

Within a week – or more likely two, if the rainy forecast holds – Ocean County should have reached the end of its project on Long Beach Boulevard that spans from 68th Street in Brant Beach to about 86th Street in Beach Haven Crest. According to County Engineer John Ernst, that work, which began earlier this month, includes raising the […]

Marsh Gas Prompts Alert From Ship Bottom Police

The smell at the entrance to Long Beach Island that prompted an alert from Ship Bottom police, via the countywide Nixle system last week, is methane from the marsh. Methane is produced, in nature, by anaerobic bacterial decomposition of vegetable matter submerged in water. It is sometimes referred to as marsh gas or swamp gas. Methane produced in this way […]

 

 

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CLOSED SALES  FOR THE  MONTH  OF SEPTEMBER 2020