Long Beach Island Real Estate New Construction Home Prices
LBI New Construction Home Prices Increase Market Value 
LBI New Construction Home Prices Increase Market Value 
LBI New Construction Home Prices Increase Market Value
Long Beach Island Real Estate
I spend a lot of time tracking the LBI real estate market. Doing so helps me inform my clients about developing trends and helps to identify value in the market. One predictable statistic is how much the average and median prices have increased since Hurricane Sandy at the end of 2012. While some of this appreciation has been due to the natural forces of the market and the broader national economy, LBI new construction home prices have added to this increased market value in two interesting ways:
- The average sales price of a home is much higher than it was ten years ago
- The demand for new construction has increased the value of older homes that could qualify as teardowns, especially on the Oceanside, oceanfront and ocean block
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 New Construction Home Prices Increase Market Value
There is a saying that a rising tide lifts all ships, and this is undoubtedly the case with the real estate market on Long Beach Island. The demand for new construction, either as an end-user buying a finished product or someone looking to purchase and develop a site, has driven prices upward. As I mentioned above, the average cost of a single-family home is much higher than it was ten years ago, and a good part of this increase can be attributed to new construction. Likewise, the resale of older homes for future development has helped to drive prices upward. There are still many excellent opportunities to develop a site on LBI and attain a strong equity position. Still, with valuations of both land and new construction increasing, it is more important than ever to keep in mind what determines value in the LBI real estate market.
New Construction in the Long Beach Island Real Estate Market
Building a new home in the Long Beach Island real estate market is the best investment you can make here. While that very general statement has proven accurate time and time again, buyers still have to keep the fundamentals in mind. Things like location, the potential for a view, and the overall size of the house are among the variables that can impact the value of a new construction home in the LBI real estate market. That said, it is clear that the rising demand and the average and median sales price increases we have seen over the last decade are, at least in part, thanks to the prevalence of new construction on Long Beach Island. 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
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