The Downbeach real estate market continues to soar.
Some of the demand coming from those looking to escape big city life for small town charm.
It’s still a seller’s market. Downbeach inventory is very low.
The Margate residential (single family home) market was up 30.2% during 3rd quarter 2020 over the same period last year.
The Margate condominium market up 12.9% for the same referenced time.
Ventnor Real Estate and home market surging in 2020.
The number of Ventnor residential units sold in 3rd quarter 2020 are 50% higher than the same period last year.
Ventnor condo sales are up a whopping 87.5%.
Ventnor residential sale prices are up 45.3%. The only surprise is the average sale price on condos is down by 9.3%. This is due to price for 3 Bedroom condos are really skewing the numbers. Average list price of 3 BR units was $523,500 in 2019 compared to $367,828 this year – a huge difference.
See: Ventnor Home Sales
If you’re considering selling, now’s a great time to put your property on the market.
Feel free to contact me, Sherri Lilienfeld of Apex Prime Realty for a free comparative market analysis of your property’s value.
Area | # sold | Avg$ sold | |
3rd Q 2019 | Margate Residential | 63 | $799,026 |
3rd Q 2020 | Margate Residential | 82 | $914,393 |
3rd Q 2019 | Margate Condo | 48 | $357,298 |
3rd Q 2020 | Margate Condo | 70 | $403,258 |
3rd Q 2019 | Ventnor Residential | 54 | $360,720 |
3rd Q 2020 | Ventnor Residential | 81 | $524,204 |
3rd Q 2019 | Ventnor Condo | 24 | $252,806 |
3rd Q 2020 | Ventnor Condo | 45 | $229,184 |
Market Statistics from the South Jersey Regional MLS. Non-MLS properties are not included in these statistics. All information is deemed reliable but is not guaranteed.
Let’s have some organized and supervised activities for the teens…..alternative choices that a committee of parents or township leaders help set up. Let’s utilize the ball field on Jerome Ave….disc jockey, food vendors, booths with activities (like throwing a ball to knock over pins, etc.) ….let’s get creative, instead of restricting & policing them.