First Quarter 2026 Condo Sales in the LBI Real Estate Market
- Apr 24
- 4 min read
First Quarter 2026 Condo Sales in the LBI Real Estate Market
The Long Beach Island real estate market continued to show resilience and strength during the first quarter of 2026, particularly within the condo and condominium segment. Despite ongoing affordability challenges on Long Beach Island, demand for LBI condos—ranging from entry‑level units to newly built luxury townhomes—remained steady, with most properties closing close to list price.
This update breaks down the key trends in Q1 2026 condominium sales on Long Beach Island, highlighting pricing, buyer behavior, and what they mean for buyers and sellers moving forward. Overall, condo sales in the LBI real estate market followed the general trend of home sales on Long Beach Island, with low inventory, high demand, and a short time on the market.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Quarter 1 2026 LBI Real Estate Market Condo Sales
Based on closed condominium and attached townhome sales from January through March 2026:
Total condo sales: 8
Average list price: ~$1,666,988
Average sale price: ~$1,633,125
Average price per square foot: ~$962
Average sale‑to‑list price ratio: ~98.1%
These numbers reflect a highly efficient LBI condominium market, where well‑priced properties continue to attract serious buyers and close with minimal negotiation.
Entry-Level Condos
Smaller, older condominium units—primarily located in Ship Bottom—closed between $420,000 and $725,000, with price‑per‑square‑foot figures ranging from the mid‑$700s to mid‑$800s.
These properties continue to appeal to:
First‑time shore buyers
Investors seeking rental potential
Buyers priced out of single‑family homes
Even at this level, homes closed within 2–3% of the asking price, underscoring the continued demand for affordable LBI real estate options and the strength and appeal of condo sales in the LBI real estate market.
Mid‑Range and Ocean‑Oriented Condos
Mid‑market condos, including larger three‑bedroom units and oceanfront or oceanside buildings, closed between $1.17M and $1.2M, with several achieving 100% of list price. Pricing just under or above $1,000 per square foot remains typical for well‑located properties with strong amenities.
New Construction & Luxury Townhome‑Style Condominiums
The upper end of the condo market was dominated by newer construction in Beach Haven and Long Beach Township, where luxury townhome‑style condominiums closed between $2.3M and $2.55M.
Many of these properties offered:
4–5 bedrooms
Over 2,000 square feet
Elevated construction with modern finishes
Despite higher price points, these homes still closed at roughly 96–100% of list price, demonstrating continued buyer confidence in premium Long Beach Island real estate.
Several important trends emerged during the first quarter of 2026 for condo sales in the LBI real estate market:
Limited inventory keeps pricing firm – With only a small number of condo listings closing in Q1, buyers had fewer choices, supporting strong sale‑to‑list ratios.
New construction commands a premium – Newer condominiums consistently achieved higher price‑per‑square‑foot metrics.
Negotiation remains modest – The average 98% sale‑to‑list ratio suggests that buyers are still willing to meet seller expectations for properly priced condos.
Condos remain an attractive alternative – High interest rates and single‑family home pricing continue to push buyers toward condominiums and attached properties.
Looking ahead, the LBI real estate condominium market is positioned to remain competitive throughout the remainder of 2026.
If inventory levels remain tight and demand holds steady, pricing is likely to stay firm for condo sales in the LBI real estate market—particularly for:
New construction condos
Oceanfront and oceanside units
Properties priced under $1 million
For sellers, accurate pricing and strong presentation remain key. For buyers, acting decisively on well‑priced condominiums may be necessary as demand continues to outpace supply.
First Quarter 2026 Condo Sales in the LBI Real Estate Market
First quarter 2026 data reinforces that condos and condominiums remain a vital segment of the Long Beach Island real estate market. Whether buyers are seeking affordability, rental income, or luxury living without the maintenance of a single‑family home, LBI condos continue to offer strong value in a competitive coastal market.
If you’re considering buying or selling a condominium on Long Beach Island this year, understanding these early‑2026 trends of condo sales in the LBI real estate market can help you make a more informed decision.
If you're buying, selling, or investing in the LBI real estate market, I offer the local expertise and strategic guidance needed to succeed. I'm Nathan Colmer, a Long Beach Island real estate agent with over 20 years of experience helping clients navigate the island's highly specialized market, particularly with second homes and investment properties.
As an active investor in LBI real estate, I provide firsthand insight into ownership, rental potential, and long-term value. Whether you're searching for a vacation home or preparing to sell, I deliver personalized strategies and trusted local knowledge to help you move forward with confidence.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
