Equity Gains in the Long Beach Island New Jersey Real Estate Market
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LBI Real Estate Equity Gains 
LBI Real Estate Equity Gains 
LBI Real Estate Equity Gains
Long Beach Island Real Estate
Home owners in the Long Beach Island real estate market generally are sitting on a strong equity position, even as home price appreciation has recently eased. Since 2020, home prices across the LBI real estate market have risen dramatically, and they have not fallen. Month over month, the average sales price of a single-family home on Long Beach Island continues to rise, albeit it at a slower rate than we have seen over the past two years. If you are a homeowner on Long Beach Island, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates and returns to more of a balance between home buyers and home sellers.
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 Real Estate Equity Gains
Over the past few years, we have seen an imbalance between how many homes were for sale and the number of homebuyers in the market, which led to substantial home price appreciation. This is still very much the case in the LBI real estate market. There are roughly 100 active single-family homes for sale compared to the roughly 500 that we saw before 2020. While price appreciation has slowed this year, the average home sales price on LBI has continued to rise. This means that the majority of homeowners on LBI are in a very strong position. The equity position most homeowners enjoy in the LBI real estate market increases your overall net worth and can help you achieve other financial goals. When you sell your current house, the equity you’ve built up comes back to you in the sale and it may be just what you need to cover a large portion – if not all – of the down payment on your next home or investment opportunity.
All buyers, sellers, and investors in the LBI real estate market need to understand the local dynamics. There has been talk of market downturns, market crashes, etc., and the simple fact is there are no warning signs like there were in 2008. Homeowners have a strong equity position, which means if the market dropped and they needed to sell, they could most likely cover their costs. Most mortgages are low, fixed-rate loans that are attractive to hold, and inventory is so low (coupled with the still very high demand), that prices should stay stable or continue to rise.
Equity Gains in the Long Beach Island New Jersey Real Estate Market
Today’s homeowners in the LBI real estate market are mostly sitting on significant equity, which can provide them with financial flexibility should they choose to upgrade or invest further in real estate. Understanding LBI real estate equity gains inside out can help maximize a homeonwers returns while minimizing risk exposure in the event they need to sell, rent or upgrade their Long Beach Island home. For more information about buying, selling or investing in the Long Beach Island 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
More LBI Real Estate Information:
8 Steps for Buying a Home in the LBI Real Estate Market
Long Beach Island New Jersey Real Estate Homebuyer Tips
Ways to Spruce Up Your LBI Beach House for the Spring Sales Market