2015 LBI Summer Rentals Are In High Demand

2015 Is Shaping Up To Be A Strong Rental Season

2015 LBI Summer Rentals Are In High Demand

Long Beach Island Summer Rentals

Summer Rentals Make Up The Backbone Of The LBI Economy. Summer Tourism To Long Beach Island Is A Great Source Of Income For The Area And A Stronger Summer Rental Season Typically Translates To A Stronger LBI Real Estate Market. The Numerous Stores, Restaurants, And Amusements All Over Long Beach Island Would Be Unsustainable Without The Benefit Of Summer Tourism And Summer Rentals. 2015 Is Shaping Up To Be One Of The Strongest Rental Seasons We Have Seen For Several Years.

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2015 LBI Summer Rentals Are In High Demand

There Are A Few Reasons Why The Summer 2015 Season Looks To Be So Popular. They Are:

  • There Are An Abundance Of New Homes All Over Long Beach Island Which Make For Excellent Rental Property
  • Summer 2014 Was A Very Strong Season For Rentals And Looks As If Many Of These Past Tenants Are Returning
  • There Is A Strong Interest In The LBI Real Estate Sales Market, And Many Would Be Buyers Like To Test Run Long Beach Island By Renting Before Making A Purchase

Hurricane Sandy, Which Caused Major Damage To Long Beach Island, Spurred A Massive Wave Of New Construction And Renovation. With So Many New Homes On Long Beach Island, Renters Now Have More High End Luxury Options To Choose From. With A Higher Inventory Appealing Choices, Tenants Are Booking Their Homes Quickly. Summer 2013, The Summer Directly Following Hurricane Sandy, Was The Opposite With Many Homes Still Under Construction Or Been Renovated. Summer 2014 Was The First Season To Witness The Benefit Of Having More Inventory To Choose From, However There Were Still Homes Being Built. For The First Time Since Hurricane Sandy, The Majority Of Homes Are Up On The Rental Market And Increasing Interest In The LBI.

Summer 2014 Was A Very Strong Year For Summer Rentals On Long Beach Island And It Looks As If Many Of These Tenants Have Returned. A Great Deal Of The Bookings We Have Seen So Far Are From Repeat Tenants Who Rented A Home In 2014 And Are Looking To Come Back For Summer 2015. This Is Very Encouraging, As It Shows Long Beach Island Still Holds Mass Appeal In The Combination Of Repeat Tenants And New Business Helps To Improve The LBI Economy.

2014 Proved To Be One Of The Best Years In The LBI Real Estate Market. Sales Were Higher In Terms Of Both The Overall Number Of Units Sold In The Average Price. We Are Seeing A Continuation In The Interest In The LBI Real Estate Market With More And More People Looking To Make A Permanent Vacation Home. Many Home Buyers Begin Their Search In A Summer Rental As It Allows Them To Test Different Areas Of LBI And See What Appeals To The Most.

Summer 2015 On Long Beach Island

While It Is Very Early In The Season, 2015 Looks To Be A Positive Year. The Overall Economy Is Doing Better In This Is Helped To Increase Discretionary Spending And Prompt Summer Vacations. If These Trends Continue, It Will Translate Into A Stronger, More Vibrant LBI Economy And Real Estate Market. For More Information About Why 2015 LBI Summer Rentals Are In High Demand Or The Long Beach Island Real Estate Market In General, CONTACT MEĀ And I Will Respond Right Away.

By : Nathan Colmer | The Van Dyk Group

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

www.BuyLBI.com

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