Buying In The LBI NJ Real Estate Market

Dated: September 6 2017

Views: 891

Buying in the LBI NJ Real Estate Market


Image titleBuying In The LBI NJ Real Estate Market



The Long Beach Island real estate market offers buyers some excellent opportunities and the LBI real estate market has remained strong even in this economic downturn. Buying opportunities still exist on LBI for several reason:

  • The LBI market did not see as significant a drop during the 2008 recession as other markets around the country.

  • There are a comparatively low number of foreclosures, short sales and other distressed homes in the LBI real estate market.

  • Historically, shore real estate has proven to be an excellent investment

Buying real estate on Long Beach Island, like buying any investment, comes down to timing and price. With the available inventory and some patience, a buyer can purchase a great property for a great price and still be in a strong financial position. You can read more on some of my most popular blog postings about buying real estate on Long Beach Island here.

The Long Beach Island NJ real estate market is comprised of three major categories. They are:

  • Single Family homes in the LBI real estate market

  • Condominiums in the LBI real estate market

  • Multi family homes or "duplexes" in the LBI real estate market

In addition there are vacant parcels of land available, commercial real estate and interval ownership which is a form of timeshare on Long Beach Island. Each property type carries with it different lending rules and requirements so it is important to understand each type of property available in the Long Beach Island real estate market.


Buying in the LBI NJ Real Estate Market

Blog author image

Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

Latest Blog Posts

Why This Might Be The Best Time To Sell In The Long Beach Island Real Estate Market

 Why This Might Be the Best Time to Sell in the Long Beach Island Real Estate MarketLong Beach Island Real EstateIn any market, timing is everything. While it is impossible to predict the top

Read More

Five Reasons Why 2021 Is A Different Year For The LBI New Jersey Real Estate Market

 Five Reasons Why 2021 is a Different Year for the LBI New Jersey Real Estate MarketLong Beach Island Real Estate Market TrendsIt is safe to say that 2020 and 2021 have been different.

Read More

Want To See The Current Long Beach Island Real Estate Market Trends

Want To See The Current Long Beach Island Real Estate Market Trends?Here are the latest trends in the Long Beach Island Housing Market -->The Market Gauges below provide a ton of info about the

Read More

Something Is Phishy

Do you know how to tell if cybercriminals have gone 'phishing' for your personal information? Learn to spot the red flags of a suspicious email so the identity thieves never get their big catch!

Read More