Updated Supply vs. Demand Information (Summer 2013) So far, there have only been 5 Oceanfront single family home sales for the first six months of 2013. This matches record lows of 2nd half of 2009 and also the second half of 1994. In addition, the number of oceanfront properties (supply) for sale has increased from…
Panoramic views of the beach and surf from this newly remodeled oceanfront home! The property features 4 bedrooms and 3 ½ baths, including an oversized oceanfront top level master suite with Jacuzzi tub. The open living/kitchen/dining area offers a wonderful space for entertaining and family fun! The ground level features an additional living area along…
The current deck repair on the causeway bridge is on track to be finished by May 1, 2010 (before the vacation season). The final phase of the repair includes a new surface overlay to begin in mid-March. The goal is to have all the necessary design plans and environmental documents complete in order to begin…
We are beginning 2010 with mortgage rates about one-half of a percent higher then January 2009. The government hold down of long-term mortgage rates is slowly coming to an end. Mortgage rates are expected to end this year at higher levels. It certainly is a great time to purchase a property on LBI and lock…
Beaches are always changing with sand being washed away and added to them and can change depending on the strength and frequency of storms. The Long Beach Island beach replenishment project will help reduce erosion and property damages associated with coastal storms, The US Army Corps of Engineers designed the Barnegat Inlet to Little Egg…
In many occurrences, I have Long Beach Island oceanfront buyers and sellers wondering how difficult it is to expand beachfront properties. Just going to your township is no longer the answer. The state of NJ now requires a topological survey (elevation of the land/dune survey) and a completed C.A.F.R.A. (Coastal Area Facility Review Act) application….