Nathan Colmer | The Van Dyk Group
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Search single family homes on Long Beach Island New Jersey, and read how I can help you find a house in the Long Beach Island real estate market. You can learn about the curent market trends for single family homes, gain insight on the rental potental of single family homes in the LBI real estate market and even learn about buying and building a spec home as a profitable investment.
Single Family Homes on Long Beach Island NJ are the most common transaction in the LBI NJ real estate market. Single family homes come in a variety of sizes, shapes and styles. Some are traditional beach bungalows on small lots while others are large contemporary homes with elevators, roof top decks and top of the line amenities. Single family homes come in many different price ranges dictated mainly by location and secondly by the condition of the property.
The first wave of single family home development took place in the late 1890's through the 1920's. Many of these now historic homes are found in Beach Haven and are subject to approval before demolition or exterior renovation is permitted. These homes will sell in the low $800,000 to over $3,000,000 on the oceanside and about $500,000-$1,000,000 on the bayside. During the early stages of development in the Long Beach Island real estate market, vacationers built large Victorian style beach houses, many of which can still be seen in Beach Haven's historic district to this day. Many of these homes have since been converted into Bed & Breakfast properties and are popular vacation destinations on LBI NJ.
During the 1950's and 1960's Long Beach Island New Jersey saw major tracts of land developed by the Shapiro family among others. The house most common during this phase of development was the Cape Cod and many of these properties still line the streets today. They have proven to be excellent beach houses over the years and are still popular among buyers in the LBI real estate market. Despite their smaller size when compared to most new construction, these traditional beach houses still make wonderful beach homes. Many Cape Cods weathered Hurricane Sandy with little or no damaged depending on their location. Even with the new laws regarding flood insurance on Long Beach Island, many of these Cape Cods still offer competitive rates.
Today, the raised contemporary is most common among Single Family Homes on Long Beach Island NJ. These properties are built on pilings, typically with garage parking under the house and a "reversed living" floor plan with the kitchen and living areas on the top floor to take advantage of views. These homes are built to the current specifications of building codes so they withstood Hurricane Sandy very well.
Since single family homes are the most common form of real estate on LBI NJ, it is reasonable that Single Family Homes on Long Beach Island NJ are the most active area of the LBI real estate market. Single family homes will often sell from the low $300,000 price range up to several million dollars!
Generally, single family homes offer the best investment in the LBI real estate market as they are excellent rental properties, are easy resales in the future, and show a long term price increase. Since Hurricane Sandy, there have been a number of storm damaged single family homes in the LBI real estate market and some of these properties can be excellent investment opportunities. While they are mostly sold at land value, some of these homes can be renovated or raised for much less than an undamaged single family home would cost in the Long Beach Island real estate market.
Search single family homes under $500,000. With land values being so high in the LBI real estate market most homes in this price point will either be located on Long Beach Blvd, be below base flood elevation or need some degree of renovation. That said, there are some excellent opportunities to buy a single family home on LBI for less than $500,000 that can be used as a summer rental or vacation property.
There are some excellent opportunities in this price range for renovated Cape Cod's and raised ranch style homes. There are even some new construction single family homes that can be purchased in this price point in various locations throughout Long Beach Island.
Single family homes priced in the $750,000-$1,000,000 range will offer a newer styled home with many modern amenities. Location plays an important role in this price range with some large, new construction homes trading in the middle of this price point on the bayside while some older renovated Cape Cod style homes may be found close to the beach.
Generally homes in the $1,000,000 to $1,500,000 price range will offer a new or near new home with all the amenities one would expect in a high end Long Beach Island home. It is even possible to purchase an oceanfront or bayfront home in this price point. Be aware that any purchase over the $1,000,000 price point will be subject to the mansion tax in New Jersey!
Single family homes in the LBI real estate market priced between $1,500,000 and $2,000,000 will offer high end beach houses with outstanding locations on Long Beach Island. Buyers can expect new or near new homes that offer excellent views and amenities.
This price range represents the best of the best in the LBI real estate market. Buyers will find the most high end single family homes in the more premier locations. Homes in this price range will range from $2,000,000 to over $10,000,000!
The LBI real estate market has been very active and nowhere is this more evident than in the sale of single family homes on Long Beach Island NJ. While there are many single family homes that sell for $1,000,000, $2,000,000 or more, there are also many Affordable Single Family Homes in the LBI NJ Real Estate Market. Here we will be looking at non-storm damaged… Continue reading →
The face of Long Beach Island is changing! In the wake of Hurricane Sandy many homeowners on Long Beach Island have decided to make major changes to their houses to make them more storm proof. This involves either knocking down the existing house and building a new home or elevating the existing structure above current advisory base flood elevations. In either case, these changes have a significant impact… Continue reading →
Like many real estate markets that border the coast, the LBI NJ real estate market is expensive. With an average sales price of over $1,000,000 on average, single family home prices on Long Beach Island are nearly 5 times the national average! Even with such a high average price, there are many buying opportunities for an affordable single family home. The summer 2013 and early fall 2013 real estate market saw some great activity for Single Family Homes in the LBI Real Estate Market under $400,000 …Continue reading →
A short sale is the unfortunate situation when a home must be sold for less money than is currently owed on the property. This occurs when the present owner pays too much for the house and the market or the value of the property has decreased to a point where the outstanding mortgage balance is greater than the amount of money that would be netted after closing costs are deducted from the sales transaction. When this occurs, the bank or lending institution must agree to take a loss on the property by forgiving a portion of the unpaid balance or seeking some other form of compensation from the seller. … Continue reading →
Shopping For the Best Home Values in the Long Beach Island New Jersey Real Estate Market on LBI NJ The Long Beach Island NJ Real Estate Market Since January 1st 2013, the LBI real estate market on Long Beach Island has shown significant increases in activity. While the impact of Hurricane Sandy in October of … Continue reading →
Understanding the LBI NJ Real Estate Market and Determining What Makes the Best House on Long Beach Island The LBI NJ Real Estate Market The real estate market on Long Beach Island New Jersey offers a wide variety of options for almost every buyer. There are timeshares available for under $100,000, condominiums available for $200,000 …Continue reading →
The Single Family Home Market in the LBI NJ Real Estate Market on Long Beach Island New Jersey The Long Beach Island New Jersey Real Estate Market The LBI real estate market has shown amazing fortitude since Hurricane Sandy made landfall in October 2012. While it goes without saying that Hurricane Sandy crated many new … Continue reading →
Luxury Homes in the LBI NJ Real Estate Market on Long Beach Island New Jersey The Long Beach Island New Jersey Real Estate Market The LBI real estate is, by most people’s definition, a luxury home market as the average price of a single family home is around $1,000,000. It is important to remember … Continue reading →
Understanding How the LBI Real Estate Market Evolves on Long Beach Island. Long Beach Island NJ and the LBI Real Estate Market The LBI real estate market on Long Beach Island New Jersey involves the sale and rental of single family homes, condominiums, duplexes, vacant land, storm damaged homes, commercial real estate and even timeshares. …Continue reading →
New Construction on Long Beach Island The LBI Real Estate Market on Long Beach Island NJ The LBI real estate market is comprised of a variety of different homes and ownership options. By far the most common form of ownership on Long Beach Island is that of the single family home however the LBI real … Continue reading →
Evolving LBI Real Estate Market Trends with Storm Damaged Homes on Long Beach Island New Jersey Hurricane Sandy and the LBI Real Estate Market Hurricane Sandy made landfall on Long Beach Island at the end of October 2012. The storm, which was unprecedented in both size and damage, created a new genre in the LBI … Continue reading→