Margate Real Estate Market Update 4th quarter 2011

By
Real Estate Agent with RE/MAX Platinum Properties

 

 

margate real estateMargate 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 estateMargate 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


margate real estate

Lot's of new playgrounds and Ballfields

 

 

margate real estate

Modern Beach Block Library with Senior Pavillion

 

 

margate real estate

Margate Firemans Log Cabin Club

 

 

margate real estate

Milton and Betty Katz Jewish Community Center

 

margate real estate

 


Most all Margate has clean, wide beaches, and fishing pier.

 

 

 

 

 

 

Margate Real Estate Update 4th Quarter 2011 

 

 

 

 

Comments (2)

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nice presentation of the 4th quarter Margate Real Estate Market and all this town it has to offer!

Jan 25, 2012 11:28 PM
Thomas OBrien
RE/MAX Platinum Properties - Margate City, NJ
Atlantic County Short Sales Agent, CDPE

Thanks for the compliment!

Jan 31, 2012 02:34 AM