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?