This page offers the current LBI homeowner a place to peruse the latest LBI real estate market data, find out what’s happening on LBI and get the latest news about tax changes affecting real estate and other important LBI information.
This is your section. If you would like to see information on a specific topic please email us and we will be happy to do our best to research your request.
TOPICS OF INTEREST: (Just click on the highlighted headline for more detailed information)
Beach Replenishment: (link – Army Corp of Engineers page on LBI beach replenishment) Beach Replenishment commenced again in April of 2016. The project has started and stopped several times so best to click on the link above for current details
Causeway Bridge Project: (link – DOT NJ) The Route 72 Manahawkin Bay Bridges Project involves the construction of a new structure parallel to, and south, of the existing Manahawkin Bay Bridge; rehabilitation of the existing Manahawkin Bay Bridge; and the rehabilitation of three trestle bridges over Hilliards Thorofare, East Thorofare, and West Thorofare. Other planned improvements include:
- A six-foot sidewalk on the westbound (north) side of Route 72, with connections to communities and points of interest on the south side of the roadway;
- Bicycle accommodations, including wider outside shoulders on the twin Manahawkin Bay Bridges and six-foot bike lanes on the trestle bridges;
- Improvements to the intersection of Route 72 and Marsha Drive in Stafford Township to alleviate seasonal traffic delays; and
- Intersection improvements in Ship Bottom, designed to improve traffic flow for both north/south traffic on Long Beach Island and along 8th and 9th Streets, and drainage improvements to improve access during heavy rainfalls and high tides.
Barnegat Inlet Project – Barnegat Inlet’s North Jetty will be going under repair beginning around April 14th until next November. Click on the link for additional information about navigation.
1031 Tax Deferred Exchanges – A quick summary of how it works, what you need to do and some interesting facts to ponder about this wonderful tax break used extensively on Long Beach Island.
Paper on Understanding Base Flood Elevation – What do the elevation numbers on the FEMA flood hazard maps mean.
How Do I Determine Current & Future Base Flood Elevation – This link will take you to the FEMA site where you can access the interactive ‘What is My BFE?’ tool below can help you compare the current effective and the revised FEMA flood hazard data available for your property.
Latest Info on Flood Insurance – April 2104, just what does the new Flood Bill mean with details on how this effects you.
Realty Transfer Calculator – Gov Christie recently mentioned that he would like to see the Realty Transfer Fee be eliminated.
LBI MARKET DATA:
This Week on LBI – Keeps you up-to-date weekly with what is happening in the real estate market (newly listed properties, those which just went under contract and solds). Along with a listing of last month’s closings and the latest headline news that affects the Island.
Market Statistics – Review the 30+ Year Sell Cycle for LBI showing number of units sold and average sales price. Our statistical reports about the general real estate market on LBI. Listed is a comparison of recent years activity of average sales price, days on market and the sales price as a percent of list price. Also, the current inventory levels and comments on current market conditions.
MarkeTrends E Newsletter – Our electronic newsletter, published twice a year and designed for those with an interest in the LBI real estate marketplace. Latest statistics on sales and pricing and an in-depth analysis and forecast of the sales and rental market. If you would like to receive this E-Newsletter, just drop us an email with your request to be put on our subscriber list.
EXCLUSIVE PROGRAMS FOR LBI HOMEOWNERS:
LBI Neighborhood Tracker – Based on the information you supply, we will fill your electronic ‘listing cart’ with detailed information about properties currently for sale in your neighborhood. All information is from our local Multiple Listing Service. Thereafter, you will be automatically updated via email with any new listings, price changes and status changes for this same area of concentration.
Online Market Evaluation – Curious as to the current value of your LBI Property? Just enter a few facts about your LBI property and we will Email you back your property’s current price range of value with supporting documentation and a review of past and current market conditions. Most homeowner’s are amazed at the detail of this report. It just doesn’t get any easier than this to stay on top of your real estate investment on LBI.
Long Beach Island Real Estate Seminar – Whether buying or selling this is an information packed hour. Learn about the LBI market for sales and rentals, CAFRA and local building regulations, insurance issues, tax advantages and 1031 tax deferred exchanges, disclosure requirements, latest market data, the rental market and more.
Thinking About Selling? – Here is a quick overview of our Marketing/Advertising Plan and get you to the closing table easily and quickly.