Margate Market Statistics for September 2009 compared to 2008 - Sale Median Price, Sold Median Price, Units for Sale, Units UCT, Units Sold, Absorption Rate
October 8, 2009
|
Margate |
Sept. 09 |
Sept. 08 |
Units Change |
%Change |
|
Sale Median Price |
$599,900 |
$599,900 |
$ 0 |
0 |
|
Sold Median Price |
$415,000 |
$558,500 |
$-143,500 |
-25.7 |
|
Sale Units |
402 |
384 |
18 |
4.7 |
|
Unit Under Contract |
20 |
22 |
-2 |
-9.1 |
|
Unit Sold |
25 |
26 |
1 |
-50 |
|
Absorption Rate |
20.1 |
17.5 |
2.6 |
15.2 |
Market Statistics
Margate NJ 08401
-Sale Median Price Sept. 09 was $599,000 compared to $599,900 in Sept. 08
-Sold Median Price Sept. 09 was $415,000 compared to $668,500 in Sept.08, decr of $143,500
-Unit Sales for Sept 09 was 402 compared to 384 in Sept 08, an incr. of 18 units
Units UCT Sept 09 was 20 compared to 22 in Sept 08, an decrease of 2 units
-Units Sold Sept 09 was 25 compared to 26 in Sept 08, a decrease of 1 units
-Absorption Sept 09 was 20.1 compared to 17.5 in Sept 08, an decrease of 2.6 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.
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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.