Barnegat Light had a great 2013 when compared to the rest of Long Beach Island. Part of that reason may be the fact that the town withstood Superstorm Sandy quite well. As with any discretionary market, LBI in general lags a little behind the rest of NJ in terms of market improvement, but with 2014 has come increased buyer interest.
As a resident and real estate professional I'm happy to answer additional questions about our town.... more
An analysis of the 2013 median price totals shows that closing prices were roughly 93.5% of asking price. However the listings could have undergone a price adjustment prior to an offer being made, so one should not draw concrete conclusions.
Based on this, though, I would say that an offer of 10% below asking would not insult a seller, and would in fact result in at least a counter-offer. Please let me know if I can be of assistance.... more