LBI Real Estate Condos

Dated: 05/06/2014

Views: 1096

Understanding the Condo Market on LBI

When looking to buy or sell a condo on LBI, there are a few important points to remember.
  • Condos in the LBI real estate market range in price from under $200,000-$2,000,000!
  • Duplexes can be converted into condos for an inexpensive and easy entrance into the LBI real estate market.
  • Always remember to account for the added fees of monthly maintenance and common insurance.
Most condos on Long Beach Island will sell for about $350-$450/ sq. foot. The price depends on the condo, the location, and the condition of the unit. Usually, there are about 2-5 condo sales each month, and an inventory of about 50-80 units on the market at any given point. 

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