North Beach LBI Real Estate Market Report — 2022
- Nathan Colmer
- 2 hours ago
- 3 min read
North Beach Real Estate and LBI Real Estate Market Report — 2022
LBI Real Estate Market and North Beach Home Sales Overview
As the broader economy adjusted to rising interest rates and market uncertainty, the North Beach real estate market entered a period of stabilization in 2022. Prices in the LBI real estate market and in North Beach remained elevated—at or near record levels—but buyer behavior became more cautious. Inventory still lagged, preserving value, but the frenzy of 2021 cooled into a more deliberate, luxury‑driven marketplace.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
North Beach LBI Sales Volume (2022)
Closed Sales
Only 12 transactions closed in 2022 in the North Beach real estate market, marking a notable decline in activity but not in pricing strength. This is to be expected given how low inventory levels fell in the LBI real estate market.
Total Dollar Volume
Despite fewer sales, dollar volume in the North Beach real estate market remained high at $38,045,000.
North Beach LBI Sales Prices (2022)
Average & Median Sale Prices
Average Sales Price: $3,170,417
Median Sales Price: $3,050,000
These figures show that higher‑end assets dominated the year’s sales mix.
Highest & Lowest Sales
Highest Sale: $6,000,000 (1117 Long Beach Blvd)
Lowest Sale: $1,275,000 (1102‑A Long Beach Blvd)
The lowest sale value continued trending upward, reflecting the elevated floor established during the post‑2020 surge.
Price Per Square Foot in North Beach (2022)
PPSF Metrics
Average PPSF: $944.70
Median PPSF: $980.96
Range: $584.80 to $1,546.39
PPSF now approached the four‑figure mark as a new normal for many premium locations in North Beach.
The average ratio dipped to 95%, showing a slight return of negotiation power to buyers, but pricing remained extremely resilient.
Address | Town | Section | Sale Date | Listing Price | Sales Price | PPSF | List/Sale Price Ratio |
1118-B Long Beach #B | Long Beach Township | North Beach | 1/6/2022 | $1,649,000.00 | $1,600,000 | $584.80 | 0.97029 |
1092-D Long Beach #D | Long Beach Township | North Beach | 5/2/2022 | $1,800,000.00 | $1,750,000 | $1,186.44 | 0.97222 |
1093-A Long Beach Blvd | Long Beach Township | North Beach | 6/27/2022 | $2,749,000.00 | $2,600,000 | $783.37 | 0.9458 |
1035-A Long Beach | Long Beach Township | North Beach | 8/26/2022 | $3,499,999.00 | $3,600,000 | $1,021.86 | 1.02857 |
1117 Long Beach Blvd | Long Beach Township | North Beach | 8/31/2022 | $6,500,000.00 | $6,000,000 | $1,546.39 | 0.92308 |
1126-C Long Beach | Long Beach Township | North Beach | 9/7/2022 | $3,499,999.00 | $3,300,000 | $825.00 | 0.94286 |
1074-H Long Beach Blvd | Long Beach Township | North Beach | 9/15/2022 | $2,995,000.00 | $2,800,000 | $995.73 | 0.93489 |
1044-D Long Beach Blvd | Long Beach Township | North Beach | 10/28/2022 | $1,995,000.00 | $1,775,000 | $644.52 | 0.88972 |
1049-C Long Beach | Long Beach Township | North Beach | 10/28/2022 | $4,995,000.00 | $4,995,000 | $1,011.54 | 1 |
1093-C Long Beach Blvd | Long Beach Township | North Beach | 11/8/2022 | $3,350,000.00 | $3,350,000 | $1,131.76 | 1 |
1017-C Long Beach Blvd | Long Beach Township | North Beach | 11/10/2022 | $5,850,000.00 | $5,000,000 | $966.18 | 0.8547 |
1102-A Long Beach Blvd | Long Beach Township | North Beach | 11/17/2022 | $1,349,000.00 | $1,275,000 | $638.78 | 0.94514 |
North Beach Real Estate and LBI Real Estate Market Report — 2022
2022 functioned as a pricing plateau rather than a correction. Values stayed elevated despite fewer transactions, and the luxury segment continued to outperform. For North Beach real estate, the year reinforced the idea that scarcity and desirability shield the neighborhood against broad market softening, as we saw in the rest of the LBI real estate market.
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
