Pat Sepanak, Broker / Owner
LBI Market Update 1st Q 2026( All LBI)
Pat Sepanak, Broker / Owner
Offers years of LBI real estate experience and the testimony of many satisfied clients that Pat goes above & beyond. Pat looks forward to making sure she will be your‘ Forever Realtor’ on LBI.
Custom Contemporary
chef’ s kitchen
family room
Year
LBI Market Update 1st Q 2026( All LBI)
# Units Sold
Average Sales Price( ASP)
Avg Days On MKT
% Sale to List Price
2025 78 $ 2,408,120 65 97.1 % 2026 57 $ 2,352,280 61 96.7 %
It’ s been quite some time since LBI showed a decrease in ASP. However, with the low number of units sold, the mix becomes more critical. In 2026 / 1st Q, 3 homes sold around $ 4M. In 2025, 4 homes sold around $ 4M and 3 homes between $ 5M to $ 9M. So, this is more a change in mix, then a drop in ASP, at this time. Units closed are also behind; however, a well priced home still draws a lot of buyers and even some bidding wars. Inventory levels remain historically low and as long as that continues the Average Sales Price should remain fairly steady. Our market may be headed for a rebalancing and although it is not expected to become a buyer’ s market in the near future, it may very well become more of a‘ buyer friendly’ one. For more details, email me for my latest issue of my LBI MarkeTrends E-Newsletter, next issue out in July or call me with your questions.
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This custom contemporary offers a spacious living room with fireplace & wet bar, chef’ s kitchen, 4 bedrooms, large primary suite, cozy circular family room with wet bar & fireplace. Large fenced back yard, perfect for pool / outdoor kitchen. Elevator ready. Close to Surf City Yacht Club and bay beach playground and easy stroll to town and beach.
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LBI Real Estate Seminar We are in a challenging real estate market, whether thinking of buying or selling, this free Seminar can help you make the right decision. Topics Include:
• LBI Stats- Historic Overview, Current Conditions & Forecast for 2026
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• Tax Advantages- Second Home vs. Investment, NEW Tax Changes
• 1031 Tax Exchanges- Postpone taxes on sale of your rental property
• Flood Insurance- Update on New Rates from FEMA Risk Rating 2.0
• Local‘ Hot Buttons’- What’ s‘ NEW’ news on LBI
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• Q & A Period- Ask your questions 3 pm, Every Wednesday throughout July & August Reservations & Info: Visit LBIrealestateNews. com or call 609-494-1130
SAND DOLLAR REAL ESTATE 217 N. Long Beach Boulevard, Surf City 08008 609-494-1130 • Direct: 609-290-5360 • PatonLBI @ gmail. com