Margate City, NJ

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

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 There were thirty eight short sale listings in Margate that expired or were withdrawn from the market.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 short sale.

2. Many times it is because most agents that list short sales have no training or certification to handle a short sale.

3. Sometimes agents discourage Buyers from looking at short sales, why? Refer back to number two.

So if you are thinking of buying or selling a Margate short sale what should you do? Answer: Find a well trained real estate professional with the CDPE Designation. A CDPE is a Certified Distressed Property Expert. Through comprehensive training and experience these professionals are well equipped to ensure an efficient execution of a short sale transaction.

Margate New Jersey Short Sale Listings Sold in 2011

If you are interested in Margate Short Sale Listings email me for list of properties at tob2@verizon.net.

If you are a Distressed Seller and need answers go to my website ACShortSales.com

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 Bedroom 1 bath bungalow only two short blocks to beach $425,000

3 Bedroom 2 bath rancher on deep lot $429,900

3 Bedroom 1.5 bath cape cod only two blocks to beach $439,000

5 Bedroom 4.5 bath 5,000 sqft custom built two story $599,000

Margate Short Sale Listings - Condominiums

1 Bedroom 1 bath with bay views $129,900

Studio in ocean front building with bay views $129,900

1 Bedroom 1 bath ocean front building renovated bay views $199,000

1 Bedroom 2 bath ocean front building $199,000

1 Bedroom 1 bath one half block to beach low condo fees $199,000

3 Bedroom 2 bath renovated unit near bay $475,000

Margate Short Sale Listings - Duplex

2 Bedroom and 1 bedroom duplex two blocks to beach $319,900

Duplex with two 2 bedroom 1 bath units near bay $339,90

A Margate short sale can be a great buying opportunity. But 80% of short sales transactions fail because the agents did not have the proper training. Remember before participating in a Margate short sale select a an agent who is Certified Distressed Property Expert Designation to ensure you have a trained professional to address your specific needs.

Call or email Tom O'Brien the top Margate short sale specialist. The only area agent that has a 100% short sale success rate and the CDPE and SFR designations