Historic Median Sales Prices in the LBI NJ Real Estate Market
Long Beach Island New Jersey Real Estate
When looking to buy, sell or invest in the LBI real estate market it is very important to understand how prices have been developing over the past several years. On Long Beach Island I like to use data not much older than 2014 as there was a defining change in home prices and styles post Hurricane Sandy. Prior to 2014, the data is a little unreliable compared to today’s market as many factors have changed. Looking at Long Beach Island Real Estate Median Price Trends we see that the market is trading rather high right now and this can be attributed to several factors. For example, there are many more new homes being sold compared to the market several years ago again as a partial result of Hurricane Sandy. The median price of a single family home has in fact been creeping up year over year since 2014!
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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