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Property Values In The Long Beach Island Nj Real Estate Market
The Long Beach Island (LBI) Real Estate MarketProperty 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
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