Long Beach Island Real Estate New Construction Oceanfront Sales Data
Long Beach Island Real Estate
The oceanfront market has been one of the hottest markets on Long Beach Island. This is especially true of new construction oceanfront homes. Over the past few years we have seen larger and larger oceanfront homes be developed with top of the line amenities like in-deck pools overlooking the beach, fire pits, outdoor kitchens and of course, endless views. Much of this is due to zoning changes in Long Beach Township, the largest of the towns on LBI, which increased the building height to 36 feet. This extra height has allowed for the construction of more living space thus increasing the overall value of the home and making older oceanfront homes at a noticeable disadvantage in the market. Tracking LBI new construction oceanfront sales over the past 5 years shows some very interesting trends. There has been a significant increase in the number of oceanfront homes sold and the overall sales volume since this change was made in 2013.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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