Short Sales Foreclosures Bank Owned Real Estate And Storm Damaged Homes On Long Beach Island

Dated: 01/27/2015

Views: 695

Long Beach Island Real Estate

Buyers in the LBI real estate market should expect to see fewer distressed homes for sale. As home values continue to improve on Long Beach Island, this lessens the chances for distressed sales. While short sales, foreclosures, and bank owned real estate are not particularly common in the LBI real estate market, they do come on the market from time to time. With the improvements we have seen in 2014, the expectation is that the number of these distressed sales will lessen. Far more common, and also classified under a distressed sale, are storm damaged homes. These homes, which sustained flooding in Hurricane Sandy, are sold for land value and are typically viewed as a good opportunity. While many of these homes have cleared the market, there are still storm damaged homes for sale. However as 2015 progresses, the expectation is the number of options will diminish. Therefore, buyers will find fewer distressed properties on Long Beach Island.

Click here to search all homes for sale in the Long Beach Island NJ real estate market


Short Sales, Foreclosures, Bank Owned Real Estate, and Storm Damaged Homes on Long Beach Island


Image title


Latest Blog Posts

Historic Active Listing Count In The LBI NJ Real Estate Market

Historic Active Listing  Count in the LBI NJ Real Estate MarketActive Listings in the Long Beach Island Real Estate Market 2013-2018Long Beach Island Real EstateOne of the major issues facing

Read More

Understanding Listing Patterns In The Long Beach Island New Jersey Real Estate Market

Understanding Listing Patterns In The Long Beach Island New Jersey Real Estate MarketLong Beach Island NJ Real EstateThe LBI real estate market is rather unique in that there is a very definite

Read More

Its Pumpkin Picking Time Near You

Yep, it's that time of year again. The summer flew buy lightning fast (well, for me anyway)! Labor Day has come and gone,kids are back in school , the beaches while still some are open are way less

Read More

People Who Live In Glass Houses Should Buy Good Drapes

What does this mean? I have no idea; I just thought it would be a catchy headline to capture your attention. This is an open letter to people who are center and right leaning.WARNING: Important

Read More