How long will this seller’s market last? According to Sherri Lilienfeld from Apex Prime Realty, Downbeach housing inventory is tight and demand is still strong for shore homes in Margate, Ventnor & Longport.
- Historically low interest rates
- Big city exodus, escaping crime & Covid.
- Concerns about long distance travel.
|Home Value Change||+26%||+27%||+28%|
|Median Sales Price||+35%||+49%||+102%|
|# Homes on Mkt Now||47||46||8|
|# Homes on Mkt Last Yr||67||48||7|
Margate Real Estate
Downbeach condos are in greater demand. Perfect for those who prefer a simpler, more care-free experience along the shore.
Take a look at this recent Washington Ave listing priced at $329,000. It’s getting multiple offers:
Updated and well appointed 2 Bedroom/2 Bath condo, Southside Margate location, 1.5 blocks to the beach, in PET FRIENDLY building.
Amazing location on Washington Ave. Easy walk to Margate’s restaurants, shops, CVS and Wawa and, of course, the beach.
Hardwood floors in the main living area and new carpet in the bedrooms. The expansive living area flows into the dining area that comfortably seats 6.
Eat-in kitchen with granite countertops and stainless steel appliances and plenty of counter space.
Master bedroom is large with a private tiled bathroom/shower. The hall bath is also fully tiled.
Two (2) covered assigned parking spots.
Washer/dryer in the unit.
Contact Sherri Lilienfeld from Apex Prime Realty: 609-487-9996