Have you Seen our 3rd Quarter Market Report?
Learn

Have you Seen our 3rd Quarter Market Report?

Learn


LIVE:  BEACH WEBCAM

LIVE:  CITY CAM



How's the Market?

Town
3Q16
Sales

3Q17
Sales

%
Change

3Q16 Median $
3Q17 Median $
% Change
Ventnor
73
76
+4%
$190,000
$221,950
+16.8%
Margate
83
103
+24%
$375,000
$465,000
+24%
Longport
17
15
-11.7%
$1,165,000
$995,000
-14.6%

Listing Activity

Town
Listings Taken
3Q16
Listings Taken
3Q17
% Change
Current Inventory
Absorption Rate (Months Supply)
Days on Market
Ventnor
184
161
-12.5%
214
8.9
107
Margate
225
228
+1.3%
318
10.4
100
Longport
48
45
-6%
120
24.8
188

Market Segmentation - Absorption Report

Town
3Q17 Median $
Months Supply Below Median
Months Supply Above Median
Months Supply at 2X+ Median
Ventnor
$221,950
5.7
9.6
18
Margate
$465,000
7
12
16.9
Longport
$995,000
24
20.3
29

5 Year Look Back - Ventnor, Single Family & Condominium Homes

Ventnor - Q3
2013
2014
2015
2016
2017
Single Family Listed
118
119
108
115
97
Single Family Sold
26
28
48
39
48
Single Family Median $
$285,000
$256,750
$262,500
$252,500
$257,500
Condominiums Listed
49
64
62
58
60
Condominiums Sold
14
23
35
34
28
Condominium Median $
$126,500
$135,000
$140,500
$162,500
$165,000

5 Year Look Back - Margate, Single Family & Condominium Homes

Margate - Q3
2013
2014
2015
2016
2017
Single Family Listed
121
143
139
150
155
Single Family Sold
53
39
50
54
66
Single Family Median $
$520,000
$630,000
$505,200
$543,500
$710,000
Condominiums Listed
68
70
84
69
67
Condominiums Sold
20
30
18
29
37
Condominium Median $
$294,500
$432,399
$283,750
$202,500
$275,000

5 Year Look Back - Longport, Single Family & Condominium Homes

Longport - Q3
2013
2014
2015
2016
2017
Single Family Listed
25
29
33
24
28
Single Family Sold
11
9
10
13
10
Single Family Median $
$885,500
$950,000
$1,562,000
$1,250,000
$1,607,500
Condominiums Listed
6
19
12
23
17
Condominiums Sold
3
1
1
4
5
Condominium Median $
$315,000
$480,000
$285,000
$304,500
$730,000

Starter (Single Family) Homes in Ventnor, Margate & Longport

[search:https://dwellsouthjersey.com/search/city:Ventnor+City,Margate+City,Longport/price-max:450000/property-type:Single+Family]

Trade Up (Single Family) Homes in Ventnor, Margate & Longport

[search:https://dwellsouthjersey.com/search/city:Ventnor+City,Margate+City,Longport/price-min:450000/price-max:800000/property-type:Single+Family]

Premium/Luxury (Single Family) Homes in Ventnor, Margate & Longport

[search:https://dwellsouthjersey.com/search/city:Ventnor+City,Margate+City,Longport/price-min:800000/property-type:Single+Family/sort:highest]

Condominium Homes in Ventnor, Margate & Longport under $250,000

[search:https://dwellsouthjersey.com/search/city:Ventnor+City,Margate+City,Longport/price-max:250000/property-type:Condo%252FTownhome]

Condominium Homes in Ventnor, Margate & Longport under $250K-$550K

[search:https://dwellsouthjersey.com/search/city:Ventnor+City,Margate+City,Longport/price-min:250000/price-max:550000/property-type:Condo%252FTownhome]

Condominium Homes in Ventnor, Margate & Longport over $550,000

[search:https://dwellsouthjersey.com/search/city:Ventnor+City,Margate+City,Longport/price-min:550000/property-type:Condo%252FTownhome]


MARGATE CITY School Reports


VENTNOR CITY School Reports


Margate City has a long and rich history. Originally known as South Atlantic City, in 1869 the State Legislature paved the way for Margate to be chartered as a municipality.

The extension of a railroad line through the City and the building of a restaurant-hotel in 1881 in the shape of an elephant named "Lucy" began to shape the growth of Margate.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info