We are experiencing a very good market on LBI. Duplex sales increased 39% in 2016 from duplex sales in 2015. This is very welcoming news!
The first quarter of 2017 looks promising as well. With the amount of sold duplexes and duplexes under contract, we should exceed the prior year numbers with no problem at all.
The word continues to travel that Long Beach Island is the place to buy. We are seeing a slight strengthening in pricing on the whole in relation to the past few years. While the increase in price may not be significant, the decrease in the amount of time to sell is apparent.
With an increased number of buyers looking to own and continued low interest rates, it is the perfect time to sell.