Margate Real Estate Market Update 4th quarter 2011
The Margate Real Estate Market had 52 total sales in the 4th Quarter of 2011
The Margate Real Estate Market had 59 total sales in the 4th Quarter of 2010
4th Quarter of 2011 36 residential sales, 15 condo sales, 0 lot sale, 0 commercial sale, 1 multi fam. sale
4th Quarter of 2010 44 residential sales, 12 condo sales, 1 lot sale, 1 commercial sale, 1 multi fam. Sale
High Low Average Median Total Price
2011 4th Quarter List Price $5,100,000 $99,000 $734,941 $504,500 $38,216,966
2011 4th Quarter Sold Price $4,162,500 $95,000 $627,353 $450,000 $32,622,400
2010 4th Quarter List Price $3,950,000 $195,000 $713,203 $499,000 $42,079,000
2010 4th Quarter Sold Price $3,050,000 $175,000 $627,379 $450,000 $37,015,400
Margate Real Estate seems to have held up fairly well compared to other communities in Atlantic County. The total numbers may be slightly lower but the average sales price stayed virtually the same.
The Margate Real Estate market only had 1 foreclosure and 1 short sale in the 4th quarter 2011. The numbers for foreclosures and short sales were much higher in almost every other community in Atlantic County.
Margate has a lot to offer as a shore community
Lot's of new playgrounds and Ballfields
Modern Beach Block Library with Senior Pavillion
Margate Firemans Log Cabin Club
Milton and Betty Katz Jewish Community Center
Most all Margate has clean, wide beaches, and fishing pier.
Margate Real Estate Update 4th Quarter 2011