Long Beach Township Real Estate Market — 2022 Year in Review
- Nathan Colmer
- 16 hours ago
- 2 min read
LBI New Jersey Real Estate Market Sales and Long Beach Township Real Estate Market — 2022 Year in Review
The market in 2022 remained elevated, with average prices and $‑per‑sq‑ft notching further gains despite fewer transactions. Long Beach Township’s buyers continued to focus on location quality and move‑in readiness, while sellers benefited from the valuation lift of the prior two years. The result was sustained pricing power even as conditions normalized from peak intensity. LBI’s desirability held firm across segments.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Key Long Beach Township Real Estate Market Statistics (2022)
Number of sales: 191
Average close price: $2,101,765 (YoY: +19.8%)
Median close price: $1,800,000
Average list price: $2,178,432
Average $/sq ft: $890 (median: $835) (YoY: +14.3%)
Average finished size: 2,330 sq ft
Total dollar volume: $401,437,051
Average close‑to‑list ratio: 0.974
Averages marched higher while negotiation spreads widened slightly, signaling a healthy rebalancing after 2021’s sprint. The jump to $890/sf on average underscores the premium buyers placed on turnkey coastal homes. The median price of $1.8M shows strength across the mid‑ and upper‑mid tiers, not just at the very top. 2022 is locked in the new valuation regime across Long Beach Township.
LBI New Jersey Real Estate Market Sales and Long Beach Township Real Estate Market — 2022 Year in Review
Even with fewer closings, 2022 extended LBI’s gains and affirmed the Island’s premium status. Pricing remained resilient, and $‑per‑sq‑ft appreciation stayed intact. As the market transitioned from hyper‑competitive to merely competitive, the Township’s fundamentals—location, quality, and lifestyle—continued to command strong outcomes. This year’s results became the benchmark for the next phase.
If you are looking to buy, sell, or invest in the LBI real estate market, contact me, Nathan Colmer, for expert guidance backed by years of local experience, deep market insight, and a proven track record in helping clients navigate LBI's unique market. My experience extends over 20 years of selling homes on Long Beach Island, with a special focus on second homes and investment properties. In addition to representing buyers and sellers, I personally invest in the LBI real estate market and can share my firsthand knowledge of this investment strategy. Whether you are searching for a vacation home, planning a wise investment, or ready to list your property, I can offer you personalized strategies and unmatched knowledge to help you succeed.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
