Downbeach Real Estate Market Update for Margate and Ventnor.

Margate Ventnor Home Sales Real Estate Apex Prime Realty
Ventnor Boardwalk

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# soldAvg$ sold
3rd Q 2019Margate Residential63$799,026
3rd Q 2020Margate Residential82$914,393
3rd Q 2019Margate Condo48$357,298
3rd Q 2020Margate Condo70$403,258
3rd Q 2019Ventnor Residential54$360,720
3rd Q 2020Ventnor Residential81$524,204
3rd Q 2019Ventnor Condo24$252,806
3rd Q 2020Ventnor Condo45$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.

1 thought on “Downbeach Real Estate Market Update for Margate and Ventnor.”

  1. Elaine W. Charny

    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.

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