Fall on LBI is such a great time of year. The water temperatures have typically warmed, the crowds have thinned out and many places on LBI remain open for business. It is one of the best times to explore the island. Whether you enjoy seeing the migrating monarch butterflies, this time of year, surfing, kite […]
Author: lbideidre
Where is the LBI Market at Now?
As we approach the end of September we are seeing, as predicted, prices remain more or less the same as they were through the Summer of 2022. The market is remaining competitive especially in the under a million dollar price point despite increasing interest rates and inflation. The real estate market on LBI remains competitive […]
LBI Real Estate Inventory August 2022
Heading towards the end of August, LBI inventory is creeping up. I expect the LBI inventory to continue to increase over the next month as the LBI rental season comes to an end. We have seen some price reductions, but the prices remain close to where they were at the start of summer. As more and […]
2022 May Market And Future Prediction For LBI And The Surrounding LBI Area
Interest rates continue to be a topic of discussion these days and for good reason. The recent increase in interest rates have slowed Buyer demand to some extent. The market has cooled a bit. The LBI market naturally cools this time of year due to summer rentals, etc. However, we have definitely seen a bit […]
Seller’s Market Remains
As we head into May 2022, the market is still a Seller’s market. Inventory on LBI remains low and demand for LBI homes remains high. I do not expect any change as we head into June and July. In August I think we will see a bump up in inventory and then another bump up […]
Inventory Remains Low
As we cruise into April 2022, the real estate inventory on LBI and the surrounding area remains low. On the mainland we see many homes receiving 15 plus offers with most initial offer submissions continuing to a highest and best scenario. It can be hard for Buyers to not get discouraged as many are losing […]
How attorney review can rob you of a house that you have a fully executed real estate agency drawn contract on . . .
How attorney review can rob you of a house that you have a fully executed real estate agency drawn contract on . . . Once you have a fully executed real estate agency drawn contract in New Jersey and that contract has been delivered to all parties, a 3 day attorney review period begins (in […]
Long Beach Island Inventory – Winter 2022
LBI Inventory. The LBI real estate inventory remains low, however, we are seeing an uptick in people looking for properties. This means that the LBI real estate market remains competitive. What should you do to maximize your potential to get the home of your choice? Explore the market with a good local real estate agent […]
Interest Rates 2022
Interest rates seems to be the topic of discussion these days and for good reason. Interest rates are expected to increase 4 to 5 times in 2022. However, some good news for those in the jumbo loan market. If you are in the market for a jumbo loan then you likely will not see an […]
LBI Minor Subdivisions
LBI Minor Subdivisions – A Brief Overview Minor subdivisions can be a lucrative way to sell real estate on LBI. How to begin – find a lot that can be subdivided into multiple properties. What’s next? Engage a Land Use Attorney and Engineer that has experience in subdividing properties in the location in which […]