Margate City, NJ Real Estate News

By Bill and MaryAnn Wagner, Jersey Shore and South Jersey Real Estate
(Wagner Real Estate Group)
Homes for Sale Margate NJ Real Estate Trends July 2015Single FamilyHomes for Sale in the Margate Real Estate Market are showing some improvement in July. July saw an 22.2% increase in new listings coming on the market over July of 2014. 55 newly listed single family homes where introduced to the market.The number of newly listed Margate single family homes for sale in the year to date period ending July is up 15.9% over the previous year to date period.Sold properties in July where up 100% with 16 sold single family properties. This brings the current total of sold properties for the year to date period to 93. This represents a 14.8% increase over the previous year to date period.Combined, the total number of new listings of Margate NJ Homes for Sale and total inventory versus the numbe...
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By Bill and MaryAnn Wagner, Jersey Shore and South Jersey Real Estate
(Wagner Real Estate Group)
Homes for Sale Margate NJ Real Estate Trends March 2015Single FamilyHomes for Sale in the Margate Real Estate Market are showing mixed improvement in March. March saw an 11.4% increase in new listings coming on the market over March of 2014. 49 newly listed single family homes where introduced to the market.The number of newly listed Margate single family homes for sale in the year to date period ending March is down .8% over the previous year to date period.Sold properties in March where up 88.9% with 17 sold single family properties. This brings the current total of sold properties for the year to date period to 38. This represents a 40.7% increase over the previous year to date period.Combined, the total number of new listings of Margate NJ Homes for Sale and total inventory versus t...
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By Bill and MaryAnn Wagner, Jersey Shore and South Jersey Real Estate
(Wagner Real Estate Group)
Homes for Sale Margate NJ Market Trends October 2013 Single Family Homes for Sale in the Margate Real Estate Market are showing mixed conditions as we head into the fall season. October saw a 15.6% increase in new listings coming on the market over October of 2012. 37 newly listed single family homes where introduced to the market. The number of newly listed Margate single family homes for sale in the 12 month period ending October 31st is up 7.6% over the previous 12 month period. Sold properties in October where 75% with 21 sold single family properties. This brings the current total of sold properties for the 12 month period to 157. This represents a 10.3% decrease over the previous 12 month period. Combined, the total number of new listings of Margate NJ Homes for Sale and total inv...
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By Bill and MaryAnn Wagner, Jersey Shore and South Jersey Real Estate
(Wagner Real Estate Group)
Condos for Sale Margate, NJ - Real Estate Market Trends - October 2013 The Margate Real Estate Market for Condos is flat in the number of condos sold as we head into the fall season. October was even in new listings coming on the market with October of 2012. 19 condos where introduced to the market. Which is the same as in October of 2012. The number of new listings of Margate NJ Condos for Sale in the 12 month period ending October 31st is 1.5% over the previous 12 month period. Sold properties in October were even with last October with only 6 sold condominium properties. This brings the current total of sold properties for the 12 month period to 236. This represents an 8% decrease over the previous 12 month period. Combined, the total number of new Condo listings for Sale in Margate ...
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By Bill and MaryAnn Wagner, Jersey Shore and South Jersey Real Estate
(Wagner Real Estate Group)
Market Report - Condos for Sale - Margate, NJ - September 2013 The Margate Real Estate Market is showing a slight overall improvement in the number of condos sold as we head into the fall season. September saw a slight 4% increase in new listings coming on the market over September of 2012. 26 new condos where introduced to the market. Which is only one more listing that in September of 2012. The number of new listings of Margate Condos for Sale  in the 12 month period ending September 30th is down 1.7%% over the previous 12 month period. Sold properties in September where up 25% with only 5 sold condominium properties. This brings the current total of sold properties for the 12 month period to 80. This represents a 10.1% decrease over the previous 12 month period. Combined, the total n...
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Real estate in Margate is located in Atlantic County, New Jersey. At one point, Margate City was an incorporated borough of South Atlantic City. This was done by an Act of the New Jersey Legislature in 1885. Finally, on April 20th, 1909, Margate City was born. Margate City can be found on Absecon Island. Absecon Island spans for 8.1 miles and also houses, Atlantic & Ventnor cities. As well as Longport located in the southwest. Margate City itself is about eight blocks away from the Atlantic Ocean. Margate City is a popular destination on the Jersey Shore, most especially during the summer for the near beach front property and attractions. A fun fact about Margate City, is that it is home to an 65-foot wooden elephant, named Lucy the Elephant! As well as, Marven Gardens, which is best kn...
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By Thomas OBrien, Atlantic County Short Sales Agent, CDPE
(RE/MAX Platinum Properties)
    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      $3...
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By Thomas OBrien, Atlantic County Short Sales Agent, CDPE
(RE/MAX Platinum Properties)
 Margate New Jersey Short Sale Listings Sold in 2011   In 2011 there were a grand total of seven short sale listings sold in Margate New Jersey. Three short sales were bought with cash and four were bought with conventional financing.  There were thirty eight short sale listings in Margate that expired or were withdrawn from the market.   There is an interesting statistic in these numbers.  18.4% is the actual percentage of Margate short sales that went to settlement last year.     18.4% really? That’s all? Wouldn’t you think that people would be jumping all over the chance to buy a Margate home at a below market price.  Margate short sale listings are a great opportunity.   Here are a few reasons why the numbers are so low.   1.    Some people don’t want to deal with the process of a s...
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By Thomas OBrien, Atlantic County Short Sales Agent, CDPE
(RE/MAX Platinum Properties)
    Margate New Jersey Short Sale Listings are Buying Opportunities Yes that’s right there are short sales listings available in beautiful Margate, New Jersey!  If you are interested in buying a Margate short sale or doing a short sale on your property, make sure you work with an agent that is a “Certified Distressed Property Expert”. Below is a list of Margate short sale properties that are currently available Please email me for the complete MLS listing for any that you may be interested in.   Margate Short Sale Listings - Single Family 3 Bedroom 1 bath rancher with updated kitchen and bath $280,000 3 Bedroom 2 bath parkway area two story on over sized lot $299,000 4 Bedroom 2.5 bath totally renovated split level $349,000 5 Bedroom 3.5 bath split level with two car garage $369,900 2 B...
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