Luxury LBI Real Estate Market Report: Past 12 Months
- 8 hours ago
- 4 min read
Overview of the $5M+ Luxury Segment in the LBI Real Estate Market
Over the past 12 months, Long Beach Island’s luxury real estate market—specifically homes priced above $5,000,000—has demonstrated strong demand, stable pricing, and consistent buyer appetite for high‑end coastal properties.
Across the period measured, the market recorded:
13 total luxury sales above $5M.
$80.5 million in combined sales volume.
Average sale price: approximately $6.19 million.
Median sale price: $5.575 million.
Average price per square foot: about $1,371 (median $1,396/SF).
Median sale‑to‑list ratio: 95.3%, signaling strong seller leverage.
This Luxury LBI Real Estate Market Report highlights a tight, competitive segment where high‑quality homes continue to command premium prices.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Monthly Activity & Pricing Trends in the LBI Real Estate Market
The past year showed distinct seasonal rhythms within the $5M+ bracket:
April delivered the highest activity, with 4 closings, and one of the strongest average price levels (about $6.71M).
August followed with 3 luxury closings, reinforcing late‑summer momentum in buyer activity.
A notable high‑price outlier in September—a closing at $7.4M—lifted overall averages despite fewer transactions that month.
Overall, the segment experienced steady activity throughout spring, summer, and early fall, with no prolonged slowdowns and no meaningful downward pressure on prices.
Long Beach Island Real Estate Market Trend Chart: Luxury LBI Real Estate Market Report
Below is the included analysis image showing monthly closed sales and corresponding average prices:
Where Luxury Buyers Purchased in the LBI Real Estate Market
Geographically, the $5M+ market was concentrated:
Long Beach Township dominated with 12 out of 13 sales.
Beach Haven recorded 1 luxury closing within this tier.
This distribution reflects the depth of modern, high‑amenity inventory available in Long Beach Township—particularly oceanfront and oceanside new construction.
What Today’s $5M+ Buyer Is Choosing in the Long Beach Island Real Estate Market
The luxury homes that sold this past year shared several characteristics:
Modern construction (median build year 2017)
Large living spaces (median size 4,339 square feet)
High‑end amenities such as elevators, pools, multi‑suite layouts, and expansive outdoor living
Proximity to water, often with premium view corridors
These features directly supported the solid price‑per‑square‑foot range and steady demand.
High and Low Ends of the LBI Real Estate Market
This year’s luxury activity included:
Highest sale: approximately $8.58M
Entry point into the tier: approximately $5.10M
Both occurred in Long Beach Township, reinforcing the township’s status as the anchor of the ultra‑luxury market on LBI.
What This Means for Sellers in the LBI Real Estate Market
Pricing and negotiation data in this Luxury LBI Real Estate Market Report indicate that sellers of high-end properties maintain significant leverage.
To maximize results:
Launch listings with strong visual marketing—lifestyle photography, cinematic video, and twilight imagery.
Pre‑market preparation (staging and exterior refinements) meaningfully improves performance in this competitive bracket.
Price within the proven band—roughly $5.1M to $7.6M, with select properties stretching into the high‑$7M to $8M+ range.
Sellers who follow these strategies tend to achieve the shortest days on market and highest list‑to‑close ratios as evidenced by this Luxury LBI Real Estate Market Report.
What This Means for Buyers in the Long Beach Island Real Estate Market
For buyers targeting the $5M+ category:
Be prepared to move decisively—best‑in‑class homes often attract multiple interested parties.
With median negotiation margins around 5%, significant discounts are unlikely on premium listings.
Expanding search parameters to include both ocean- and bay-side opportunities can reveal high‑value properties offering similar amenities at more attractive prices.
Luxury LBI Real Estate Market Report (Homes $5M+): Past 12 Months
The LBI $5M+ luxury market remains robust, modern, and highly competitive, with price trends stable rather than volatile despite modest inventory levels. Demand continues to be driven by newer construction and top-tier amenities, which support strong price‑per‑square‑foot performance across the island. Throughout the past year, Long Beach Township has clearly emerged as the epicenter of LBI’s ultra‑luxury activity, consistently capturing the majority of high‑end transactions.
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
