LBI Weekly Real Estate Sales Update (3/8/26–3/15/26)
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LBI Weekly Real Estate Sales Update (3/8/26–3/15/26)
The Long Beach Island real estate market stayed price‑strong during the week of March 8 through March 15, 2026, even though the number of recorded closings was light. The LBI real estate market had only two closed sales—both at premium price levels—alongside a noticeable wave of new/updated listing activity hitting the market in multiple LBI communities. Much of this is the aftershock of the historically cold winter that we had which delayed new listings coming on the market in January and February as well as dampened buyer activity during those months.The result is a week that looks “quiet” in closings, but active beneath the surface, with new construction and upper‑tier offerings continuing to define the conversation as we move deeper into the spring market.
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Week at a Glance (3/8–3/15)
Closed Sales
Closed sales: 2
Median close price: $3,482,500
Average close price: $3,482,500
Close price range: $2,765,000 – $4,200,000
Average sale-to-list ratio: 99.31%
Average price per square foot (closed sales): $1,086.75/sq ft
New / Updated Market Activity
New/updated listings this week: 21
Active (ACT): 20
Active/Contingent (A/C): 1
Median list price: $1,895,000
Average list price: $2,051,905
List price range: $779,000 – $4,599,999
Median list $/sq ft: $987.10/sq ft
Average list $/sq ft: $1,033.24/sq ft
New construction / 2025–2026 builds (in this week’s activity): 6
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Closed Sales Snapshot: What Sold This Week?
Even with only two closings recorded, both sales reinforce a familiar LBI theme: limited “A” inventory tends to trade at strong pricing, especially when location, design, or scarcity is in play.
Closed Sale #1 — Surf City
249 S 2nd St, Surf City
List: $2,875,000
Sold: $2,765,000
Sale-to-list: 96.17%
$ / Sq Ft: $985.39
Closed Sale #2 — Beach Haven
316 Liberty Ave, Beach Haven
List: $4,100,000
Sold: $4,200,000
Sale-to-list: 102.44%
$ / Sq Ft: $1,188.12
What these two sales suggest
Negotiability is property-specific. One home closed under list while another closed over ask, which is common in a market where certain homes attract multiple motivated buyers.
Premium pricing remains sticky. With a median close around $3.48M, this week’s closings skew upper‑tier—often a sign that the most desirable or scarce options continue to command attention.
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New Listings & Weekly Activity: Inventory Came to Market
While closings were limited, your weekly data shows 21 new/updated listings dated 3/8–3/15, with the strongest concentration in Long Beach Township and Beach Haven.
Where the activity showed up (by town)
Long Beach Township: 12
Beach Haven: 6
Surf City: 1
Ship Bottom: 1
Harvey Cedars: 1
Price distribution (this week’s new/updated listings)
Under $1M: 3
$1.0M–$1.5M: 4
$1.5M–$2.0M: 8 (most active segment)
$2.0M–$3.0M: 3
$3.0M–$4.0M: 0
$4.0M+: 3
What buyers are seeing in the mix
A lot of the market is clustering in the “mid‑luxury” band ($1.5M–$2.0M), which tends to be one of the most competitive brackets on LBI.
New construction continues to matter. Six listings in this week’s activity show 2025–2026 build years, including a cluster of new units that can reshape buyer options quickly.
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Notable New/Updated Listings This Week
Here are a few listings that stand out from the week’s activity by price and positioning:
Upper-tier / headline pricing
1013‑A Long Beach (A/C) – Long Beach Township: $4,599,999 (in contract/contingent)
101 Rose Ct – Long Beach Township: $4,490,000
5004 Ocean Blvd – Long Beach Township (2026 build): $4,189,000
Mid‑market momentum (common buyer battleground)
112 W Hobart Ave – Long Beach Township: $1,900,000
2205 N Central Ave – Surf City: $1,999,000
415 N Bay Ave (multiple new units) – Beach Haven (2026 builds): ~$1.895M–$1.995M
Entry points / lowest priced options in this weekly set
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What It Means Right Now (Buyers & Sellers)
For buyers
Be ready for quick decision-making in the $1.5M–$2.0M band—this is where selection meets competition.
Watch new construction carefully: it can offer modern layouts and fewer immediate projects, but often comes with premium $/sq ft expectations.
With only two closings this week, don’t overreact to one week of ratios—trend matters more than a single snapshot.
For sellers
Even in a “light closing” week, strong pricing is still showing up—including at least one sale over list.
If your home is in a scarce category (location, lot, condition, elevation, parking, views), the market can still reward correct pricing and presentation.
The rise in new/updated listings means competition is building, so strategy matters (pricing, timing, photography, pre‑inspection prep, and showing readiness).
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
