Saturday, October 17, 2020

Cost vs. Price in the Long Beach Island Real Estate Sales Market

 

Cost vs. Price in the Long Beach Island Real Estate Sales Market





Long Beach Island Real Estate

At present, we see record-low inventory levels and record-high levels of demand. This has created a seller’s market. Due to COVID or coronavirus, the current economic climate has also caused interest rates to fall to levels never imagined. When looking to purchase a home, buyers have to understand Cost vs. Price in the Long Beach Island Real Estate Sales Market. While prices have risen, the cost of ownership has fallen. While this is good news, there are a few additional layers that need to be understood, including:

  • Additional ownership costs like flood insurance
  • What determines value on LBI for long term appreciation
  • How will you handle the sale of a home in the future?

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

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



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