LBI Real Estate Property Types | Buying Long Beach Island New Jersey Real Estate

Search LBI real estate property types and read about buying Long Beach Island New Jersey real estate. There are several property types for sale on Long Beach Island including single family homes, condos, duplexes, timeshares and vacant land.

Types of Properties For Sale in the Long Beach Island Real Estate Market

The LBI real estate market is broken into several categories. They are:

There is much to know and understand about each type of property in the LBI real estate market. Generally speaking, single family homes will be the most stable investment, provided they are in a good location and on a good lot size. Condos offer affordability, but lower appreciation rates. Short sales are few and far between on LBI and they are often NOT the best investment in the market. The best investment will usually be the purchase of a tear down or storm damaged home, and then building a new home. It is common for these finished homes to beat the market by about 20%. There are some important differences between each type of property for sale on Long Beach Island so understanding the positives and negatives of each property type can help you make the right investment!

Single-Family Homes

Single Family homes represent the largest and most active facet of the LBI real estate market. On average, these homes account for about two thirds of all LBI sales each month.

Short Sales & Foreclosures

When compared to national markets, the LBI real estate market has a relatively low number of bank properties. Still, there are foreclosures, short sales and bank owned homes in the area.

Vacant Land

Those looking to build a new home on LBI have their choice of both empty parcels of land and "tear downs". Either option offers plenty of choices and any times building new can be the best investment in the LBI market.

Multi-Family Homes

Multi Family homes are typically are less expensive than single-family homes. Duplexes and multi-family homes offer good investment returns but are subject to slightly different lending standards.

Condos & Town homes

Condominiums and townhomes on LBI range from large, professionally managed complexes with pools, tennis and other amenities to side-by-side town homes with no condo fees.