Long Beach Island Real Estate
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Buyers Are Serious! 
LBI Buyers Are Serious! 
LBI Buyers Are Serious!
Long Beach Island Real Estate
The LBI real estate market has always been stable and robust, but thanks to COVID or Coronavirus, LBI buyers are more serious than ever. This is a market with no precedent, and buyers are purchasing their LBI dream homes at an incredible rate. We see listings last only a few days or weeks, whereas this time last year, the average time on the market was around six months. In a market like this, both buyers and sellers need to note the current trends and understand what drives value in the real estate market on Long Beach Island.
By : 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
LBI Buyers Are Serious!
LBI Real Estate Sellers
If you are thinking of selling, the time is now. This is a seller’s market through and through. Demand is high, inventory is low, and buyers are anxious to acquire a home on Long Beach Island. Of course, nobody knows what the future will bring and where the market will go, but if you are like me and believe in the “bird in the hand,” this is the time to put a home on the market for sale. Pricing the house is the hard part. Historical sale data has little value in the current market. This makes it hard to determine the present value of a home while at the same time, making appraisals more challenging.
LBI Real Estate Buyers
Buyers have to make sure what they are buying has value in the market. Again, this is hard to do because values are all over the map. In a market like this, a buyer must focus on the LBI real estate market’s fundamentals. Location (above all else), lot size, the potential for development, etc. Provided a home checks all or most of the boxes, even if trading a few percentage points higher, there should still be value in the transaction.
Buying in the Long Beach Island Real Estate Market
Buyers in the LBI real estate market, like other markets, will drive activity and prices. Consumers are willing to pay a premium for a home, and prices are reflecting that. Seller and buyers alike need to understand what is happening and how it can and impact their behavior. By sticking to the basics, everyone can benefit from the current market trends created by COVID and Coronavirus. The buyers who do not understand what drives value will find themselves overpaying for a home that is likely to drop in value once the emotional impact of the coronavirus pandemic passes. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | 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
You May Also Like:
Buying LBI Real Estate in a Flood Zone
Why This May Be A Good Time To Sell in the LBI Real Estate Market