Long Beach Island Real Estate Market Recap - February
LBI February 2026 Market Update: 5 Key Stats You Need to Know
If you’re keeping an eye on Long Beach Island real estate, February provided some fascinating insights into where we are headed as we approach the spring season. While the winter chill usually has slowed things down, the numbers show a market that is remarkably steady—yet deeply divided.
Here are 5 quick stats breaking down the LBI market for February 2026.
1. Inventory: Staying the Course
We saw 33 new listings hit the market in February. Interestingly, this is exactly in line with our trailing 12-month average of 33 listings per month. While we are consistent with the past year, we are still down significantly compared to historical averages. We remain in a low-inventory environment, which continues to be the primary driver of island dynamics.
2. Median Sale Price: $2,000,000
The median sale price for February landed right at $2M. Over the last year, we’ve seen this number fluctuate between $1,887,000 and $2,500,000. This $2M mark represents a strong, stable middle ground for the LBI luxury market.
3. Sales Volume & Negotiation
There were 13 homes sold in February. On average, these homes sold at a 96.8% sale-to-list price ratio. This tells us that while buyers are still active, they are finding a small amount of negotiating room, or sellers are pricing just slightly ahead of the current appraisal peak.
4. February’s Standout Sale
The highest priced sale in February was located within Loveladies.
Address: 40-B Long Beach Blvd, Loveladies
Sale Price: $3,400,000
Details: This was a stunning bayside home built in 2023, featuring a modern design, over 3,000 sq. ft. of living space, an elevator, and a private pool.
5. The "Tale of Two Markets"
The biggest takeaway from February is the clear divide in how homes are selling:
The Sprints: Well-priced, turnkey homes in prime locations are still going pending in less than a week.
The Marathons: Homes that are overpriced, in need of significant work, or in less-than-ideal locations are sitting for 80, 90, or even 100+ days.
The Bottom Line
Inventory remains tight, and buyers are being more selective than they were a few years ago. If you are a seller, condition and pricing are your two biggest levers. If you are a buyer, the "Marathons" might actually provide your best opportunity for negotiation before the spring rush truly begins.
Curious about what your specific LBI property is worth in today’s market?
Contact me on my cell 609-496-1423 or email me at mcappo@vandykgroup.com
