New Construction Sales On Long Beach Island Nj

Dated: 10/07/2013

Views: 1909

Long Beach Island and the LBI Real Estate Market

The Long Beach Island area is fueled mainly by the local LBI real estate market. It is through the LBI real estate market that the majority of summer tourism, both in the form of summer vacation rentals on LBI and LBI real estate transactions, takes place. Recently, in the wake of Hurricane Sandy, there have been concerns voiced by many as to the nature of the LBI real estate market and what homes will be the most valuable. With new FEMA regulations in place and worry by some about the increased costs of flood insurance, some buyers are reluctant to purchase older Cape Cod style homes. While much of the worry about flood insurance is misplaced (as most flood insurance rate premiums will be surprisingly affordable given the natural high elevation of Long Beach Island) New Home Sales in the LBI Real Estate Market on Long Beach Island are a strong segment of the Long Beach Island real estate market.

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