Vacant Land And Tear Downs In The LBI NJ Real Estate Market On Long Beach Island

Dated: 03/19/2014

Views: 1076

Vacant Land on Long Beach Island

Between September 1st 2013 and March 1st 2014 Vacant Land on Long Beach Island real estate sales were broken down as follows:
  • There were 10 vacant parcels of land sold in the LBI New Jersey real estate market
  • Prices of vacant land ranged from $210,000 to $875,000
  • There are, as of the date of writing this article, about 60 vacant parcels of land for sale on Long Beach Island and about 13 vacant lots under contracts
This amount of activity is in stark contrast to market trends in 2011 and 2012. Vacant land made up a very small percentage of the LBI real estate sales market but with Hurricane Sandy, new opportunities have been presented. With an average of almost 2 transactions per month for the past 6 months, activity levels for Vacant Land on Long Beach Island are holding pace with that of condo and duplex sales. This shows that homeowners and investors are seeing the chance to purchase a suitable piece of land and design their dream summer home!

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Vacant Land And Tear Downs In The LBI NJ Real Estate Market On Long Beach Island

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