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Barnegat Light : Real Estate Advice

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  • Local Info1
  • Home Buying2
  • Home Selling0
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Activity 2
Mon Feb 10, 2014
Jeanne Feenick answered:
Hi Blbuyer, my sense is that the LBI market continues to hold on - certainly has not fallen as much as markets to the north. I've been waiting, and watching homes sit and sit, and so it seems that many sellers are content with holding on since we know that price will cure all - although LBI may not have adjusted to the market conditions to the extent other markets have, it is not immune. In time, perhaps the pressure will be felt even on beautiful LBI.

Ah, just the thought of it as Memorial Day approaches -- of course, there's nothing like LBI when the crowds are low and lights are on blinker.

Best,
Jeannie Feenick
Search and connect at www.feenick.com
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Mon Feb 10, 2014
Bill Roberts answered:
This is a market that presents great opportunities for qualified buyers. There is a larger inventory which brings prices down, and buyers are typically making offers significantly below the asking price. The resulting negotiations usually work out to the buyers benefit. Now that the summer season is over, more homes in this area are on the market. I would be glad to provide more information regarding this market as well as links to the homes that are currently available. You can contact me at broberts@vandykgroup.com I hope this information is helpful to you. ... more
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