30+ Years of LBI Oceanfront Data Analysis
In 1987, the Oceanfront sales market had peaked on LBI. Six and seven years later, I was selling oceanfront homes for approximately 25% less than the 1987 climactic sales market. Then Oceanfront land began appreciating slowly from 1992 to 1998. In that period, the average oceanfront home increased a total of 24%. Over the next seven years (1999-2006), they increased another 329% – bringing total appreciation up 353% from the low of 1992 to the high of 2006! The average oceanfront value in 1992 was $553,844 and had peaked in 2006 to $$2,508,891. (Multiplied by 453%, subtracting the initial price brings us up 353%).
I feel history is repeating itself with approximate timing, appreciation & depreciation. We have already experienced the seven or so years of a depreciating LBI home sales market from the 2006 peak. From the peak, values were down approximately 20% on the oceanfront and approximately 30% on the bayfronts. Oceanfronts are slowly going back up in value, and bayfronts should follow soon.
Most Buyers are more likely to purchase a property if the Seller is asking a fair price reflective of today’s market value. These buyers are excited that they are able to afford a vacation home on LBI! With attractive mortgage interest rates and competitive asking prices, along with a variety of properties to choose from, it’s a great time to buy or sell on LBI!
LBI’s Oceanfront Property Values Continue to Rise in 2025
The oceanfront market on Long Beach Island continues to demonstrate impressive strength. As of mid-2025, the average sale price has reached a new record high of $5,299,481—up 1.1% from last year. This increase would be even more notable if this year’s transactions had included more oversized lots, which were a key feature in 2024’s standout sales. Last year, we saw several large parcel transactions on the island’s North End, including properties with 100+ feet of ocean frontage.
As the Waterfront Specialist, Willy publishes the Oceanfront Newsletter with statistics of all MLS single family home Oceanfront Sales since 1992.
Demand vs. Supply
The Oceanfront Newsletter contains statistics of all MLS Oceanfront single-family home Sales since 1992, including average sale prices on oceanfront properties, LBI single home oceanfront sales spreadsheet, Supply vs. Demand curve, and data analysis.
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