Hurricane Sandy and the LBI Real Estate Market
Hurricane Sandy
Hurricane Sandy made a direct impact on Long Beach Island NJ at the end of October 2012. Hurricane Sandy was actually only one part of what was a major weather phenomenon that caused major damage to the Long Beach Island area. Hurricane Sandy was not only a massive storm in of itself, it also collided with another major storm system over LBI and managed to hit at high tide and at a full moon (causing a higher than normal tide to begin with)! Such a convergence of events has never before been seen...and hopefully will never be seen again on Long Beach Island! Hurricane Sandy, or Superstorm Sandy as it is also known, damaged many homes on LBI and brought to the forefront changes in flood insurance on Long Beach Island NJ as well as changes to the LBI real estate market in general.
Hurricane Sandy and the LBI Real Estate Market
Hurricane Sandy had a profound impact on the LBI real estate market. The storm raised new concerns with the Long Beach Island real estate market such as:
- How does flood insurance impact LBI real estate values?
- What are flood zones and how do they impact property values on Long Beach Island?
- What concerns need to be addressed when purchasing a storm damaged home in the LBI real estate market?
These questions profoundly impact both buyers and sellers and need to be addressed before engaging in any real estate transaction in the Long Beach Island real estate market. Hurricane Sandy and the LBI Real Estate Market have indeed created new challenges and the goal of this website is to help you understand the new LBI real estate market environment. The sections below have been divided in to specific areas of interest including flood insurance on Long Beach Island, property values in the Long Beach Island real estate market after Hurricane Sandy and construction guidelines after Hurricane Sandy on Long Beach Island New Jersey.