Long Beach Island Real Estate Land Prices

Dated: 08/12/2014

Views: 1033

Long Beach Island Real Estate Prices

The real estate market on Long Beach Island, like any market, is subject to high and low points. When home prices rose in the early 2000′s, so too did they rise on Long Beach Island. When the national real estate market and stock market fell in 2008, the LBI real estate market followed suit. That said, there are some important differences between the LBI real estate market and other markets around the country. The main difference is the summer rental market. Summer rentals provide a steady stream of income that helped tolimit the number of short sales and foreclosures in the LBI real estate market (which in turn helped to keep prices more stable). At its core, land is what really determines property value on Long Beach Island. By examining land value, one can often predict the future of the LBI real estate market. Therefore, it is important to understand Why Land Value is Increasing on Long Beach Island NJ.Click here to search all homes for sale in the Long Beach Island NJ real estate market

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