Harvey Cedars Real Estate Market Report — 2018
- Nathan Colmer
- 8 hours ago
- 3 min read
LBI Real Estate Market Overview
In 2018, the Long Beach Island (LBI) real estate market continued to build on years of steady strength. Buyer confidence remained high as more people recognized the long‑term value of owning coastal property on the island. Despite rising construction costs and limited land availability, LBI continued to attract both primary homeowners and second‑home buyers drawn to the island’s beaches, culture, and lifestyle. In this environment, Harvey Cedars performed extremely well, offering a mix of classic beach cottages and evolving newer builds that appealed to a wide array of buyers.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Harvey Cedars Real Estate Statistics — 2018
Number of sales: 46
Average sale price: $1,248,587
Median sale price: $1,044,999
Median price per square foot: $839/SqFt
Full Street Address | City | Status Contractual Search Date | List Price | Close Price | Price/SqFt |
12 E Gloucester Ave | Harvey Cedars | 1/12/2018 | $2,189,000.00 | $2,050,000 | $854.17 |
5 E 86th St | Harvey Cedars | 1/19/2018 | $825,000.00 | $815,000 | $808.53 |
9 Buckingham Ave | Harvey Cedars | 1/19/2018 | $1,099,000.00 | $997,500 | $580.62 |
12 W Bergen Ave | Harvey Cedars | 1/19/2018 | $1,599,000.00 | $1,425,000 | $542.03 |
2 E Burlington Ave | Harvey Cedars | 2/23/2018 | $874,000.00 | $837,000 | $726.56 |
10 Buckingham Ave | Harvey Cedars | 2/23/2018 | $875,000.00 | $875,000 | $350.00 |
5308d Long Beach Blvd | Harvey Cedars | 3/14/2018 | $625,000.00 | $615,000 | |
9 Thomas Ave | Harvey Cedars | 3/15/2018 | $1,450,000.00 | $1,400,000 | $539.71 |
1 E Atlantic Ave | Harvey Cedars | 3/23/2018 | $899,000.00 | $850,000 | $332.55 |
16 W 76th St | Harvey Cedars | 3/26/2018 | $995,000.00 | $950,000 | $453.24 |
11 Hudson Ave | Harvey Cedars | 4/13/2018 | $3,399,000.00 | $3,000,000 | $789.47 |
21 W Essex Ave | Harvey Cedars | 4/20/2018 | $999,500.00 | $970,000 | $414.88 |
14 E 84th St | Harvey Cedars | 4/24/2018 | $1,575,000.00 | $1,500,000 | $688.71 |
6 W 77th St | Harvey Cedars | 4/27/2018 | $635,000.00 | $610,000 | $391.03 |
3 William St | Harvey Cedars | 4/27/2018 | $1,250,000.00 | $1,212,500 | $513.77 |
3 E Atlantic Ave | Harvey Cedars | 4/30/2018 | $999,900.00 | $975,000 | $458.82 |
7 Olsen Ave | Harvey Cedars | 4/30/2018 | $1,125,000.00 | $975,000 | $340.43 |
5522 Holly Avenue | Harvey Cedars | 5/9/2018 | $1,695,000.00 | $1,600,000 | $711.11 |
Detailed Market Analysis
The high transaction count in 2018 reflects an active and fluid market, with many homeowners choosing to sell during a period of high buyer enthusiasm. Prices were stable and competitive, buoyed by strong demand for homes near the ocean or bay.
A large portion of the inventory consisted of older beach cottages, which often trade at lower price points but still command strong value due to their land component. The year also saw continued interest in homes with renovation potential, as buyers seized the opportunity to transform properties into personalized coastal retreats.
The strong median PPSF shows that even older homes in well‑located pockets of Harvey Cedars maintained impressive value. Demand remained steady across all home sizes, signaling that the market was healthy and accessible to a range of buyers.
LBI Real Estate and Harvey Cedars Home Sales
Overall, 2018 set a strong foundation for future appreciation in Harvey Cedars real estate, with high activity levels and solid pricing. As one of the most consistently desirable sections of LBI, Harvey Cedars began the next several years with strong momentum and growing interest.
Buying or selling on Long Beach Island is different from anywhere else, and having the right guidance matters. I'm Nathan Colmer, a local LBI real estate agent with over 20 years of experience helping buyers and sellers make informed decisions, especially when it comes to second homes and investment properties.
As both a real estate professional and an active investor in the LBI real estate market, I offer insight beyond listing details. Whether you're looking for a vacation home, exploring investment options, or ready to list your property, I take a personalized, hands-on approach to help you navigate the process with confidence.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
