Trends In The LBI Real Estate Market After Hurricane Sandy

Dated: 10/05/2013

Views: 1559

Hurricane Sandy and the LBI Real Estate Market

Hurricane Sandy made landfall on Long Beach Island at the end of October 2012. The storm, which was unprecedented in both size and damage, created a new genre in the LBI real estate market: that of the storm damaged home. These homes which suffered substantial damage from flooding are sold essentially for land value with little to no consideration being given to the physical structure. In most cases, the owners of these homes chose to simply accept their insurance payment and “walk away” creating some interesting opportunities for buyers in the LBI real estate market. As we approach the one year mark of Hurricane Sandy’s historic impact, Current Trends in the LBI Real Estate Market and Storm Damaged Homes have begun to change and have created some new opportunities for both buyers and sellers in the LBI real estate market.

To read more about 
Trends In The LBI Real Estate Market After Hurricane Sandy please visit the link below:
http://www.buylbi.com/lbirealestate/current-trends-in-the-lbi-real-estate-market-and-storm-damaged-homes/

Related LBI Real Estate Articles

Latest Blog Posts

All Things Boating In Atlantic City This Week

This week the Atlantic City Power Boat Show will be held in the Convention Center beginning Wednesday February 28th and running though next weekend, Sunday March 4th.  One of the pleasures of

Read More

Spring Really Is Coming Soon

Spring really is not that far away! Contact me to Find Your Spot and be an LBI island resident by this summer!Have you heard mortgage rates may be going up, so lock in your spot now

Read More

Winter Olympics Wrapping Up March Around The Corner

The Winter Olympics in Pyeongchang are starting to wrap up. A few more days and the cauldron will be extinguished. The next Olympics will also be in Asia, specifically Tokyo, Japan in 2020. Those

Read More

New Curbing Requirements In Long Beach Twp NJ On Long Beach Island

New Curbing Requirements in Long Beach Twp NJ on Long Beach Island Curbing Requirements in Long Beach Twp NJ LBI NJ Real EstateA new ordinance was just announced that will have an impact

Read More