Key Issues Facing Long Beach Island Real Estate Affordability
Long Beach Island Real Estate
There is no doubt that homes in the Long Beach Island real estate market are expensive. With an average sales price of around $2,000,000, homes are trading at roughly twice their pre-COVID values. Unfortunately, this has driven some buyers out of the market and left others questioning the chief concerns around the affordability of homes in the LBI real estate market. While there are many factors that comprise ownership costs on Long Beach Island, the two most impactful factors at present are home prices and mortgage rates.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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