Home for Sale Median Price, Sold Median Price, Under Contract and Absorption Rate for Margate NJ
July 11, 2009
|
Margate |
June 08 |
June 09 |
Units Change |
Percent Change |
|
Sale Median Price |
$650,000 |
$599,900 |
$-50,100 |
-7.7 |
|
Sold Median Price |
$450,000 |
$370,553 |
$-79,437 |
-17.7 |
|
Sale |
434 |
480 |
46 |
10.6 |
|
Under Contract |
16 |
17 |
1 |
6.2 |
|
Sold |
24 |
12 |
12 |
-50 |
|
Absorption |
23.5 |
24.9 |
1.4 |
5.9 |
Statistics
Margate NJ 08401
-Sale Median Price June 2008 was $650,000 compared to $599,900, decrease of $50,100
-Sold Median Price June 2008 was $455,000 compared to $370,553, decrease of $79,437
-Unit Sales for June 2008 was 434 compared to 480 in June 2009, an incr. of 46 units
-Units UCT June 2008 was 16 compared to 17 in June 2009, a increase of 1 units
-Units Sold June 2008 was 24 compared to 12 in June 2009, a increase of 1 units
-Absorption June 2008 was 24 compared to 25 in June 2009, an increase of 1 month
Absorption rate is a calculation of how long it will take for all the homes on the market to be sold, or absorbed, at the current rate of sales. Above is a one year comparison of the number of months of inventory on hand.
See this Brigantine Home Listing
To search for a property for sale in the area click here: Search Local MLS Listings
Let's get together and talk about your >South Jersey experience. If you are a buyer, we can help you find the perfect home or condo for you in the South Jersey Shore Home area. If you are selling a home we can simplify the process for you. We can prepare a Comparative Market Analysis - CMA for your home and let you know what your home actual home value is in this market. Call Peter or Beverly Petridis at the office 609-264-7304, or on our cell phone 609-377-4023. We will set-up a time that is easy and convenient for you to meet.