Margate Real Estate Market Update 4th quarter 2011

Margate Real Estate Market Update 4^th quarter 2011

The Margate Real Estate Market had  52 total sales  in the 4^th Quarter of 2011                                         

The Margate Real Estate Market had  59 total sales in the 4^th Quarter of 2010   

4^th Quarter of 2011 36 residential sales, 15 condo sales, 0 lot sale, 0 commercial sale,  1 multi fam. sale

4^th 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 4^th Quarter List Price     $5,100,000        $99,000       $734,941       $504,500      $38,216,966

2011 4^th Quarter Sold Price   $4,162,500         $95,000      $627,353       $450,000      $32,622,400

2010 4^th Quarter List Price     $3,950,000        $195,000     $713,203        $499,000     $42,079,000

2010 4^th 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 4^th 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