North Beach Haven Real Estate Market — 2023 Year in Review
- Nathan Colmer
- 5 hours ago
- 3 min read
North Beach Haven Real Estate Market and Long Beach Island New Jersey Real Estate Market Home Sales— 2023 Year in Review
2023 re‑accelerated pricing in North Beach Haven even as transactions stayed lean. Buyers prioritized turnkey condition and A‑tier locations, driving $/SqFt to four figures. Low inventory remained the hallmark of the LBI real estate market, and it was certainly the case in the North Beach Haven real estate market as well. This lower inventory inevitably led to fewer sales throughout the LBI 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
North Beach Haven Real Estate Sales — 2023 at a Glance
Number of sales: 12 (flat YoY)
Average sale price: $1,986,917 (▲ 63.6% YoY)
Median sale price: $2,000,000
Average price per square foot: $1,016/SqFt (▲ 40.5% YoY)
Median price per square foot: $1,008/SqFt
Total dollar volume: $23,842,999
Average close-to-list ratio: 96.8%
Highest closed sale: $3,550,000 (1214 Atlantic)
Lowest closed sale: $999,999 (1504 Long Beach)
Average Sale Price & $/SqFt in North Beach Haven
The average price of a home being nearly $2.0M and $1,016/SqFt marked a decisive move up the curve for LBI real estate. A $2.0M median shows that the “typical” closed price shifted materially higher. Most trades clustered well above $1M, with the year’s top sale at $3.55M. Inventory remained lean, and buyers paid premiums for renovated or new builds close to the beach. Unchanged sales count but a surge in average ticket lifted volume to $23.8M. The 96.8% close‑to‑list ratio allowed for slightly more negotiation but still favored sellers.
Full Street Address | City | Area | Sale Date | List Price | Close Price | Price/SqFt | List/Sale Price Ratio |
1214 Atlantic | Long Beach Township | North Beach Haven | 1/1/2023 | $3,399,999.00 | $3,550,000 | $826.93 | 1.04412 |
18 E 20th Street | Long Beach Township | North Beach Haven | 1/12/2023 | $1,100,000.00 | $1,000,000 | $871.08 | 0.90909 |
1504 Long Beach | Long Beach Township | North Beach Haven | 2/12/2023 | $1,099,999.00 | $999,999 | $801.28 | 0.90909 |
10 E 20th Street | Long Beach Township | North Beach Haven | 4/17/2023 | $990,000.00 | $1,050,000 | $1,363.64 | 1.06061 |
3 E 20th St | Long Beach Township | North Beach Haven | 4/26/2023 | $2,549,999.00 | $2,420,000 | $968.00 | 0.94902 |
108 W 14th St | Beach Haven | North Beach Haven | 5/26/2023 | $1,200,000.00 | $1,150,000 | $1,228.63 | 0.95833 |
17 E 15th | Long Beach Township | North Beach Haven | 5/31/2023 | $1,950,000.00 | $1,800,000 | $1,156.81 | 0.92308 |
109 W 15th St | Long Beach Township | North Beach Haven | 7/24/2023 | $1,695,000.00 | $1,695,000 | $795.77 | 1 |
2015 Beach Avenue | Long Beach Township | North Beach Haven | 8/3/2023 | $2,999,999.00 | $2,858,000 | $1,068.41 | 0.95267 |
112 W 17th St | Long Beach Township | North Beach Haven | 8/24/2023 | $2,499,000.00 | $2,500,000 | $1,145.21 | 1.0004 |
5-East 15th | Long Beach Township | North Beach Haven | 9/8/2023 | $2,299,000.00 | $2,200,000 | $920.50 | 0.95694 |
3 E 20th St | Long Beach Township | North Beach Haven | 11/15/2023 | $2,749,000.00 | $2,620,000 | $1,048.00 | 0.95307 |
North Beach Haven Real Estate Market and Long Beach Island New Jersey Real Estate Market Home Sales— 2023 Year in Review
2023 confirmed that North Beach Haven’s value proposition—lifestyle, access, and scarcity—supports higher sustained pricing and $/SqFt on LBI. Demand remained very high in the North Beach Haven real estate market as it did throughout Long Beach Island. Despite the inventory challenges, buying a home in the LBI real estate market still makes a lot of sense and is a good investment.
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
