Harvey Cedars Real Estate Market Report — 2023
- Nathan Colmer
- 12 hours ago
- 2 min read
LBI Market Overview
The broader LBI real estate market cooled slightly from the frenzied peaks of 2020–2022 but remained much stronger than pre‑pandemic norms. Inventory challenges persisted, and Harvey Cedars real estate continued to see strong buyer activity.
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 — 2023
Number of sales: 20
Average sale price: $2,284,493
Median sale price: $1,922,500
PPSF: $905/SqFt
7 E 68th St | Harvey Cedars | 1/6/2023 | $1,799,000.00 | $1,625,000 | $860.70 |
12 E 78th St #7 | Harvey Cedars | 1/13/2023 | $139,900.00 | $132,000 | $132.00 |
9 W Cumberland Ave | Harvey Cedars | 2/15/2023 | $3,595,000.00 | $3,500,000 | $1,346.15 |
10-A E 68th St | Harvey Cedars | 3/31/2023 | $5,195,000.00 | $5,195,000 | $1,345.85 |
2 E 83rd St | Harvey Cedars | 4/26/2023 | $2,799,900.00 | $2,799,900 | $1,121.31 |
5419-A Long Beach Blvd | Harvey Cedars | 5/8/2023 | $1,400,000.00 | $1,360,000 | $1,188.81 |
19 Buckingham Ave | Harvey Cedars | 5/22/2023 | $1,349,000.00 | $1,700,000 | $1,499.12 |
1 Cox Ave | Harvey Cedars | 5/31/2023 | $1,100,000.00 | $950,000 | $559.48 |
2 E 69th St | Harvey Cedars | 6/16/2023 | $1,750,000.00 | $1,600,000 | $772.95 |
7 W Cumberland Ave | Harvey Cedars | 7/17/2023 | $2,495,000.00 | $2,100,000 | $996.68 |
1 E 69th St | Harvey Cedars | 7/18/2023 | $2,795,000.00 | $2,725,000 | $879.03 |
5 E 79th St | Harvey Cedars | 9/19/2023 | $2,895,000.00 | $2,800,000 | $988.70 |
6809 Norfolk Pl | Harvey Cedars | 9/29/2023 | $4,750,000.00 | $4,500,000 | $1,007.84 |
10 E 83rd St | Harvey Cedars | 11/1/2023 | $1,795,000.00 | $1,795,000 | $1,264.08 |
11 James St | Harvey Cedars | 11/8/2023 | $1,595,000.00 | $1,408,850 | $658.03 |
11 Cox Ave #2 | Harvey Cedars | 11/10/2023 | $795,000.00 | $825,100 | $904.71 |
5 W 81st St | Harvey Cedars | 11/20/2023 | $1,599,000.00 | $1,599,000 | $652.65 |
67 Cedars Avenue | Harvey Cedars | 11/28/2023 | $2,195,000.00 | $2,050,000 | $905.88 |
5506 Holly Avenue | Harvey Cedars | 12/1/2023 | $4,850,000.00 | $4,625,000 | $964.55 |
14 W 86th St | Harvey Cedars | 12/27/2023 | $2,700,000.00 | $2,400,000 | $1,045.75 |
Harvey Cedars Real Estate Market Analysis
Home prices in the Harvey Cedars real estate market remained high in 2023, and the number of sales reflected the borough’s ongoing inventory shortage. Several upper‑tier transactions contributed to rising averages, and PPSF remained elevated.
Buyers continued to prefer larger homes with modern amenities, outdoor entertaining areas, and proximity to the ocean. Even smaller properties performed well due to the borough’s highly desirable location.
LBI NJ Real Estate Market
Despite shifting market conditions elsewhere, Harvey Cedars continued to deliver exceptional performance in 2023, with strong pricing and unwavering demand from buyers seeking premium LBI real estate.
If your goal is to buy, sell, or invest wisely in the LBI real estate market, experience and local insight are essential. I'm Nathan Colmer, a Long Beach Island real estate agent with more than two decades of experience selling homes on the island, with a specialized focus on investment properties and second homes.
Because I personally invest in LBI real estate, I understand the financial considerations, risks, and opportunities unique to this market. From evaluating rental performance to identifying long-term value, I help clients develop clear, strategic plans—whether they're purchasing a vacation rental, expanding an investment portfolio, or positioning a property for sale.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
