North Beach LBI Real Estate Market Report — 2023
- Nathan Colmer
- 10 hours ago
- 3 min read
North Beach Real Estate and LBI Real Estate Market Report — 2023
North Beach NJ and LBI Real Estate Market Overview
After two years of extraordinary demand, 2023 brought normalization to the North Beach real estate market. Prices eased from 2021–2022 highs, but the neighborhood remained fundamentally strong with steady activity and healthy price points. Buyers in the LBI real estate market and in North Beach showed more selectivity, yet competition persisted for turnkey or well‑located homes.
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 (2023)
Closed Sales
North Beach recorded 17 sales, an increase from 2022 and a sign of improving transaction flow.
Total Dollar Volume
Total volume reached $39,449,582, reflecting a mix of mid‑range and high‑end sales.
North Beach LBI Sales Prices (2023)
Average & Median Sale Prices
Average Sales Price: $2,320,564
Median Sales Price: $2,000,000
While down from 2022, these figures remain well above pre‑2021 norms.
Highest & Lowest Sales
Highest Sale: $8,950,000 (1027‑C Long Beach)
Lowest Sale: $990,000 (3 Bay Shore Rd)
These results show continued confidence in ultra‑high‑end North Beach properties.
Price Per Square Foot in North Beach (2023)
PPSF Metrics
Average PPSF: $826.12
Median PPSF: $847.46
Range: $573.87 to $1,232.95
PPSF normalized but remained historically strong.
Homes averaged 97% of list price, indicating balanced but firm market conditions.
Address | Town | Section | Sale Date | Listing Price | Sales Price | PPSF | List/Sale Price Ratio |
1020-A Long Beach Blvd | Long Beach Township | North Beach | 3/22/2023 | $2,599,000.00 | $2,484,500 | $729.02 | 0.95594 |
3 Bay Shore Rd | Long Beach Township | North Beach | 3/30/2023 | $990,000.00 | $990,000 | $600.73 | 1 |
1027-C Long Beach | Long Beach Township | North Beach | 4/10/2023 | $8,999,999.00 | $8,950,000 | $1,232.95 | 0.99444 |
1020-B Long Beach Blvd | Long Beach Township | North Beach | 5/9/2023 | $2,499,000.00 | $2,200,000 | $733.33 | 0.88035 |
103 Roxie #WEST UNIT | Long Beach Township | North Beach | 5/19/2023 | $1,595,000.00 | $1,595,000 | $983.96 | 1 |
1046-B Long Beach Blvd | Long Beach Township | North Beach | 5/23/2023 | $2,100,000.00 | $2,000,000 | $782.47 | 0.95238 |
1096-B-East Unit Long Beach Blvd | Long Beach Township | North Beach | 5/31/2023 | $2,395,000.00 | $2,395,000 | $887.04 | 1 |
1096-B-West Unit Long Beach Blvd | Long Beach Township | North Beach | 6/8/2023 | $2,395,000.00 | $2,395,000 | $887.04 | 1 |
1032-A Long Beach Blvd | Long Beach Township | North Beach | 6/30/2023 | $1,350,000.00 | $1,270,000 | $846.67 | 0.94074 |
1090 - E Long Beach Blvd | Long Beach Township | North Beach | 7/7/2023 | $2,099,000.00 | $2,000,000 | $887.31 | 0.95283 |
1050-B Long Beach Blvd | Long Beach Township | North Beach | 7/21/2023 | $1,899,000.00 | $1,899,000 | $860.44 | 1 |
1078-F Long Beach Blvd | Long Beach Township | North Beach | 8/15/2023 | $1,495,000.00 | $1,495,000 | $837.07 | 1 |
1016-C Long Beach | Long Beach Township | North Beach | 9/8/2023 | $1,999,000.00 | $1,950,000 | $573.87 | 0.97549 |
1082-A Long Beach Blvd | Long Beach Township | North Beach | 9/15/2023 | $1,299,000.00 | $1,271,082 | $645.88 | 0.97851 |
1096-C Long Beach | Long Beach Township | North Beach | 9/15/2023 | $1,629,000.00 | $1,530,000 | $852.84 | 0.93923 |
1062-D Long Beach Blvd #WEST UNIT | Long Beach Township | North Beach | 10/13/2023 | $2,599,000.00 | $2,525,000 | $855.93 | 0.97153 |
1062-D Long Beach Blvd #EAST UNIT | Long Beach Township | North Beach | 11/15/2023 | $2,599,000.00 | $2,500,000 | $847.46 | 0.96191 |
North Beach Real Estate and LBI Real Estate Market Report — 2023
2023 served as a recalibration year for North Beach. Prices softened slightly, PPSF normalized, and sales activity stabilized. The market showed resilience and depth, proving that even after unprecedented appreciation, North Beach remains one of the most consistent and desirable neighborhoods on Long Beach Island.
If you're looking to buy, sell, or invest in the LBI real estate market, I bring decades of local experience and market knowledge to every transaction. I'm Nathan Colmer, a Long Beach Island real estate agent with more than 20 years of experience helping clients successfully navigate the island's unique real estate landscape, with a particular focus on second homes and investment properties.
In addition to representing buyers and sellers, I actively invest in LBI real estate, allowing me to offer practical, firsthand insight into market trends, rental potential, and long-term value. Whether you're searching for a vacation home, evaluating an investment opportunity, or preparing to sell, I provide personalized strategies and trusted guidance to help you achieve your goals.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
