There Are Fewer New Homes For Sale in the LBI NJ Real Estate Market Today
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Long Beach Island Real Estate New Construction Inventory 
Long Beach Island Real Estate New Construction Inventory 
Long Beach Island Real Estate New Construction Inventory
Long Beach Island Real Estate
One of the most active facets of the LBI real estate market has always been new construction. Long Beach Island’s new construction inventory is always in high demand in all locations and price points. Whether it is a buyer looking to buy a tear-down or vacant land and develop their own home, or a buyer looking to purchase a ready-built home, new homes on LBI are very popular. The number of new homes for sale on Long Beach Island is a useful statistic for anyone looking to buy or sell a home-and right now, and there are fewer new homes for sale in the LBI real estate market than at any point in the last five years!
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
Long Beach Island Real Estate New Construction Inventory
A look at the current supply of new homes for sale on Long Beach Island tells us some very interesting things. At the time of my writing this article, we see the following:
- There are currently about 36 new homes for sale on Long Beach Island
- The average new home inventory for this time of year varies between 75 and 100 homes
- On average, there have only been between 35 and 40 new homes for sale on LBI throughout 2021
Overall inventory in the LBI real estate market is down, so one would expect the number of new homes to be less. Currently, there are about 200 or so homes for sale in the LBI real estate market. In the pre-COVID years, we saw around 500-600 homes for sale at any time. The number of new homes does follow this trend, with about 1/3 of the “normal” inventory being available.
There Are Fewer New Homes For Sale in the LBI NJ Real Estate Market Today
Throughout the Long Beach Island real estate sales market, buyers have had a more challenging time finding a home to buy. Inventory is low, including the inventory for new homes, but that is starting to improve. While we are a very long way from a “normal” market, and buyer demand is still very high, we see improvement. I doubt that the inventory of new homes will recover as quickly, however. There are fewer and fewer building sites available on LBI, and many buyers look to complete their own projects and realize a sizeable equity position. If handled correctly, a buyer can purchase a property and build themselves for a roughly 20% equity position in the market. This alone can entice a buyer to take on the project themself rather than purchase a ready-built home. As competition and demand for these lots increase, some builders will not be able to compete and lose out on what would have been a new home on the market. 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:
Long Beach Island Real Estate Buyer’s Agent
Pricing Still Matters in the Long Beach Island Real Estate Market
What Do More Homes For Sale on LBI Mean for Buyers?
The LBI Real Estate Market is Competitive, but Not Impossible
LBI Real Estate COVID-19 Prices and Inventory Levels
Fair Credit Reporting Act and Buying a Home in the LBI NJ Real Estate Market