Property Values In The Long Beach Island Nj Real Estate Market

Dated: 11/01/2013

Views: 1055

The Long Beach Island (LBI) Real Estate Market

Property values on Long Beach Island are primarily determined by three factors, each of which must be taken into account with determining the value of LBI real estate. These factors are:
  • Location-Oceanfront, oceanblock, oceanside, bayside, bayfront and lagoonfront
  • Structure-Newer homes are typically worth more than older homes, but lot size (meaning what size and style of new home can be built on the lot) is also a major contributing factor.
  • Variables-LBI has many subtle factors that influence the value of real estate such as ocean or bay views, areas that are more prone to flooding, etc
While the structure, lot size and other factor such as water views go a long way in determining the value of a house, perhaps no factor has a greater influence than location. The old real estate adage, ” Location, Location Location” is as true on LBI as anywhere else! Therefore, it is best to start with an examination of the different locations on LBI and how they impact property values on Long Beach Island.

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