Average Price Per Sq. Foot of Condos vs. Single Family Homes on Long Beach Island NJ
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Affordable Condos in the LBI NJ Real Estate Market
The Condo Market on Long Beach Island NJ
Condos and townhouses offer an affordable option to home ownership on Long Beach Island NJ. There are many different sizes and styles of condos for sale on LBI ranging from the $200,000 price point up to over $1,000,000! Condominiums can be in a large, professionally managed complex or they can be a 2 unit development consisting of a transformed duplex. Regardless of how they developed their distinction as condominiums, they all share one thing in common: Affordability. You can search for Affordable Condos in the LBI NJ Real Estate Market by clicking here.
Affordable Condos in the LBI NJ Real Estate Market
When looking at the different styles of homes on Long Beach Island, a good place to start is the average price per square foot. The following represents these averages for both single family homes and condominiums sold between June 1st 2013 and November 1st 2013.
- Single Family Homes showed 152 sales with an average price per sq. foot of $478,70
- Condominiums showed 21 sales with an average price per sq. foot of $361.28
It is VERY important to remember that these are averages and they cover a wide range of home styles and price ranges but the information is still useful to show how much more Affordable Condos in the LBI NJ Real Estate Market truly are. I always advise my clients to NOT stretch their budgets because for more, the purchase of a home on Long Beach Island is a fun experience intended to create fun and memories for their family. Therefore, the very last thing you want it to worry about having paid too much for a house or being strapped by a higher monthly mortgage payment. For those looking to buy a house in the LBI real estate market, a condominium or a townhouse may not be a bad place to start looking!
Buying a Condominium or Townhouse in the LBI NJ Real Estate Market
For those looking to invest in a condo or townhouse on Long Beach Island, many of the same rules apply. One should look for the right location, a property in good condition and should always have a home inspection. In addition, a buyer should look at what the monthly fee includes (usually it is insurance) and how solvent the complex is. For more information about Affordable Condos in the LBI NJ Real Estate Market please contact me, Nathan Colmer, and I will be happy to help!
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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