Two Challenges Facing the Long Beach Island NJ Real Estate Sales Market
Long Beach Island Real Estate
The LBI real estate market has seen a number of changes over the past few years. The COVID market created unprecedented demand for homes on Long Beach Island, and this demand, coupled with low mortgage rates, helped significantly increase the average sales price. In some cases, home prices more than doubled in the last 2-3 years! Now, we are facing a new set of challenges in the Long Beach Island real estate sales market. These challenges are not a lack of demand but rather very low inventory and a reluctance to sell.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Why Condominiums Should Be Considered As Part Of Your LBI Real Estate Search
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