Community Corner
Realtor: Sandy Knocks Back Long Beach Home Prices
Damaged houses listed for 10 percent less than before the hurricane.
The storm-battered Long Beach housing market has seen prices drop by about 10 percent, a local Realtor told the Associated Press recently.
Tripodi Group/ Douglas Elliman Real Estate President Tom Tripodi told the news service that these homes that were damaged by Hurricane Sandy can be a bargain in town.
"If it's all gutted out, you can do what you want," he said. "You can own the house with a brand new kitchen, new appliances, new floors," he said.
Tripodi added that investors are already eyeing Long Beach, especially in West End, where developers would like to raze the area's ranch houses and build bigger homes in that neighborhood.
Long Beach's price drop, however, is not a dramatic as in Staten Island and the Rocakaways, where storm-damaged homes are listed for 60 percent less than before the hurricane.
Read the story here.
