LBI Real Estate Market in the Fall on Long Beach Island NJ
The Fall Real Estate Market on Long Beach Island New JerseyThe LBI Real Estate Market
Long Beach Island New Jersey is an 18 mile long barrier island in Ocean County NJ. Along with the various retail stores and restaurants, the local LBI real estate market comprises the majority of the local economy and therefore is an important measure of Long Beach Island as a whole. While real estate transactions take place all year long on LBI, there are seasonal trends to the Long Beach island real estate market. Perhaps most interesting of these trends is The Fall Real Estate Market on Long Beach Island New Jersey.
Fall on Long Beach Island NJ
It is widely accepted that fall is one of the best times to visit LBI. The air and water temperatures are generally warm, many of the stores and restaurants are still open and LBI in general is more relaxed. With the fall also comes a very interesting time for both buyers and sellers in the LBI real estate market. Typically the fall will see an increase in new listings on the market which will lead to increased buyer activity. There are a few general explanations for this increased activity including:
- Homeowners have enjoyed one last summer of use or rental income and are now interested in selling before having to carry the property all winter.
- Summer renters have enjoyed a summer on LBI and look towards making LBI a more permanent vacation
- Those who have been looking for some time in the LBI real estate market have a wide range of new properties to choose from
Contrary to popular belief, summer is actually one of the slower times in the LBI real estate market on Long Beach Island. This is due in part to summer rentals which tend to interfere with the showing of homes thus limiting showings to weekends only. Therefore, buyers who have been interested in a LBI real estate transaction are now able to view more listings and make a more informed decision. Buyers in the Long Beach Island real estate market benefit from having a wider range of listings to pick from in the fall after having had the spring and summer to perform research on the LBI real estate market. Sellers benefit from The Fall Real Estate Market on Long Beach Island New Jersey as well as many fall buyers are very serious about obtaining a home on LBI. While homes do sell in the LBI market during the summer, the majority of activity takes place during the fall so a seller who has a listing priced correctly will almost certainly see activity and offers. It is important for a seller in the LBI real estate market to make sure their house is priced in line with recent sales and current active listings in order to make a good impression on The Fall Real Estate Market on Long Beach Island New Jersey.
Getting Started in the Long Beach Island NJ Real Estate Market
If you are considering buying or selling in the LBI real estate market, it is important to do your homework first. Hurricane Sandy has resulted in a number of changes to the area and the Long Beach Island NJ real estate market as a whole. It is of the utmost importance to understand flood zones on Long Beach Island, flood insurance rules and rates on LBI before engaging in The Fall Real Estate Market on Long Beach Island New Jersey. You can click here to search all homes for sale in the LBI real estate market or Contact Nathan Colmer with any questions.
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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