Long Beach Island Real Estate Single Family Oceanfront Home Sales
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LBI Real Estate Oceanfront Sales 2016-2021 
LBI Real Estate Oceanfront Sales 2016-2021 
LBI Real Estate Oceanfront Sales 2016-2021
Long Beach Island Real Estate Oceanfront Homes
One of the most highly sought-after areas of the LBI real estate market is the oceanfront. This is also one of the most expensive! The post-COVID real estate market has seen significant appreciation in home prices on Long Beach Island so it is helpful to take a look at the average sales price of a single-family home in the LBI real estate market over the last five years to understand where the market is. While prices are up, the increase is not as dramatic as one might expect to see! While we do not have a full year’s worth of data in 2021, the first half of the year seems to be on par with the prevailing trends for the waterfront market.
- The most active year for oceanfront sales on Long Beach Island was 2020 with 69 closed transactions
- So far, 2021 shows the higher average sales price for an oceanfront home at $2,769,397
- 2019 showed the next highest price point at $2,633,090
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Oceanfront Sales 2016-2021
Below is a chart showing the number of sold oceanfront single-family homes and the average price point for these sales over the past five years:
| Primary Year | Sales, Number of | Sale Price, Average |
| 2016 | 41 | $2,194,174 |
| 2017 | 65 | $2,203,299 |
| 2018 | 54 | $2,234,102 |
| 2019 | 43 | $2,633,090 |
| 2020 | 69 | $2,574,391 |
| 2021 | 34 | $2,769,397 |
As we can see, the number of homes sold has increased, something that is evident across all areas of the Long Beach Island real estate market. The average price has seen a rather modest increase, especially compared to 2019. While some of the highest-end homes are trading at a premium, these are also extraordinary lots that are difficult to replicate in any market and therefore would be expected to trade higher. It will be interesting to see how 2021 performs in the second half of the year and if these numbers will change.
Long Beach Island Real Estate Single Family Oceanfront Home Sales
There is no doubt that homes sales in the Long Beach Island real estate market have increased since COVID. That said, the increases are not as dramatic as one might anticipate in the oceanfront sales market. Prior to 2020, which saw a drop-off and then an increase in activity thanks to COVID shutdowns, the LBI real estate market was doing very well. The comparatively small difference between the average price of an oceanfront home in 2019 and 2021 highlights this. The takeaway from this is, if there is a good opportunity to buy an oceanfront home, chances are the “COVID price increase” is not as dramatic as it is often purported to be. If you have any questions about buying, selling or investing in the LBI real estate market, 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
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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