Long Beach Township Real Estate Market — 2020 Year in Review
- Nathan Colmer
- 18 hours ago
- 2 min read
Long Beach Township Real Estate Market and Long Beach Island NJ Real Estate Market Sales — 2020 Year in Review
2020 was a watershed for the LBI market, with lifestyle shifts driving demand for coastal space, outdoor living, and turnkey condition. Long Beach Township recorded a surge in transactions and a significant jump in $‑per‑sq‑ft, even as median prices stayed grounded by a wide mix of sales. Negotiation ranges narrowed further as buyers competed for quality inventory. The result: one of the strongest volume years on record across the Island and in the Long Beach Township real estate market.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Long Beach Township Real Estate Market
Key Long Beach Township Real Estate Market Statistics (2020)
Number of sales: 391
Average close price: $1,399,584 (YoY: +6.2%)
Median close price: $1,150,000
Average list price: $1,443,927
Average $/sq ft: $584 (median: $549) (YoY: +7.0%)
Average finished size: 2,352 sq ft
Total dollar volume: $547,237,203
Average close‑to‑list ratio: 0.970
The sheer number of closings (391) speaks to deep, urgent demand. Pricing advanced but remained disciplined, with a 0.970 close‑to‑list ratio indicating sellers generally captured near‑ask outcomes. Buyers in the LBI NJ real estate market prioritized updated condition and outdoor amenities, lifting $‑per‑sq‑ft meaningfully. 2020 reshaped buyer expectations and established the runway for the price re‑rating that accelerated in 2021–2022.
Long Beach Township Real Estate Market and Long Beach Island NJ Real Estate Market Sales — 2020 Year in Review
In short, 2020 cemented Long Beach Township’s standing as a premier coastal market on Long Beach Island. Velocity, pricing power, and buyer conviction all strengthened simultaneously. These dynamics carried forward, setting the stage for one of the fastest appreciation phases LBI has experienced. The year will remain a reference point for demand intensity on the Island.
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
