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Margate NJ Real Estate Market Update Year to Year Comparison as of 07.20.2009

July 20th, 2009 9:30 PM

RE = Residential

LD = Land

CI = Commercial

MF = Multi-Family

CN = Condominium

DOM = Days on Market

*** Take a look at the bold printed columns and compare each year's corresponding property sales to determine what is happening in terms of value in this neighborhood. Make sure to campare apples to apples, i.e. 4 Bed with 4 Bed, 3 Bed with 3 Bed, and so on!***

Market Statistics All MLS

Statistics for: Class=RE, LD, CI, MF, CN, RN AND Date Range=07/01/2008-07/31/2009 AND Area=Margate NJ AND Board=-1; As Of: 7/20/2009

Class Bedrooms Current Active Avg List Price Avg DOM

All All 421 $840,868 177

RE All 201 $1,205,474 150

RE 1 bedroom 2 $469,000 153

RE 2 bedroom 11 $653,336 185

RE 3 bedroom 67 $709,681 155

RE 4 bedroom 69 $1,191,762 147

RE 5+ bedroom 52 $2,007,603 139

LD All 19 $785,452 212

CI All 11 $812,536 278

MF All 15 $549,380 184

CN All 175 $454,875 198

CN 1 bedroom 54 $241,825 165

CN 2 bedroom 61 $417,864 218

CN 3 bedroom 42 $674,973 201

CN 4 bedroom 18 $705,888 224

CN 5+ bedroom 0 $0 0

Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired

All All 734 199 27.11% $643,404 $577,811 89.81% 125 $836,520 27.79%

RE All 373 127 34.05% $749,640 $672,200 89.67% 108 $1,149,415 21.45%

RE 1 bedroom 2 0 0.00% $0 $0 0.00% 0 $299,900 50.00%

RE 2 bedroom 20 5 25.00% $340,680 $316,980 93.04% 73 $406,100 15.00%

RE 3 bedroom 137 55 40.15% $525,067 $487,042 92.76% 82 $711,984 16.79%

RE 4 bedroom 124 46 37.10% $855,052 $761,515 89.06% 132 $1,103,503 25.81%

RE 5+ bedroom 90 21 23.33% $1,204,276 $1,046,075 86.86% 134 $1,975,043 23.33%

LD All 28 3 10.71% $618,000 $565,000 91.42% 300 $769,789 21.43%

CI All 15 3 20.00% $952,666 $715,428 75.10% 243 $1,002,985 66.67%

MF All 34 6 17.65% $436,749 $399,816 91.54% 117 $636,694 52.94%

CN All 284 60 21.13% $425,012 $389,579 91.66% 145 $490,537 31.69%

CN 1 bedroom 102 27 26.47% $255,707 $231,074 90.37% 119 $247,958 33.33%

CN 2 bedroom 94 21 22.34% $471,525 $429,107 91.00% 182 $424,814 32.98%

CN 3 bedroom 62 8 12.90% $715,112 $673,312 94.15% 131 $767,956 37.10%

CN 4 bedroom 26 4 15.38% $743,425 $684,500 92.07% 164 $841,576 7.69%

CN 5+ bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

Market Statistics All MLS

Statistics for: Class=RE, LD, CI, MF, CN, RN AND Date Range=07/01/2007-07/31/2008 AND Area=Margate NJ AND Board=-1; As Of: 7/20/2009

Class Bedrooms Current Active Avg List Price Avg DOM

All All 421 $840,868 177

RE All 201 $1,205,474 150

RE 1 bedroom 2 $469,000 153

RE 2 bedroom 11 $653,336 185

RE 3 bedroom 67 $709,681 155

RE 4 bedroom 69 $1,191,762 147

RE 5+ bedroom 52 $2,007,603 139

LD All 19 $785,452 212

CI All 11 $812,536 278

MF All 15 $549,380 184

CN All 175 $454,875 198

CN 1 bedroom 54 $241,825 165

CN 2 bedroom 61 $417,864 218

CN 3 bedroom 42 $674,973 201

CN 4 bedroom 18 $705,888 224

CN 5+ bedroom 0 $0 0

Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired

All All 733 260 35.47% $704,673 $638,074 90.55% 133 $866,386 27.69%

RE All 403 166 41.19% $850,346 $768,660 90.39% 118 $1,188,617 22.83%

RE 1 bedroom 1 0 0.00% $0 $0 0.00% 0 $484,000 0

RE 2 bedroom 18 5 27.78% $392,380 $356,600 90.88% 85 $429,928 27.78%

RE 3 bedroom 129 54 41.86% $572,064 $528,120 92.32% 108 $747,941 18.60%

RE 4 bedroom 153 70 45.75% $818,849 $746,172 91.12% 111 $955,404 22.22%

RE 5+ bedroom 102 37 36.27% $1,377,964 $1,217,945 88.39% 148 $2,150,820 28.43%

LD All 24 4 16.67% $611,750 $525,000 85.82% 115 $837,120 20.83%

CI All 15 2 13.33% $662,500 $612,500 92.45% 290 $1,010,866 33.33%

MF All 33 4 12.12% $712,225 $603,250 84.70% 170 $679,809 39.39%

CN All 258 84 32.56% $421,864 $387,664 91.89% 158 $461,801 34.11%

CN 1 bedroom 90 35 38.89% $271,391 $247,602 91.23% 151 $242,723 37.78%

CN 2 bedroom 96 33 34.38% $442,558 $409,765 92.59% 153 $411,076 32.29%

CN 3 bedroom 64 14 21.88% $681,392 $633,785 93.01% 162 $725,890 26.56%

CN 4 bedroom 8 2 25.00% $897,000 $751,250 83.75% 319 $849,740 75.00%

CN 5+ bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

$8,000 Tax Credit for First Time Home Buyers click HERE

Posted by Fred Nahas on July 20th, 2009 9:30 PMPost a Comment (0)

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Ventnor NJ Real Estate Market Update Year to Year Comparison as of 07.26.2009

July 26th, 2009 7:54 PM

RE = Residential

LD = Land

CI = Commercial

MF = Multi-Family

CN = Condominium

DOM = Days on Market

*** Take a look at the columns and compare each year's corresponding property sales to determine what is happening in terms of value in this neighborhood. Make sure to campare apples to apples, i.e. 4 Bed with 4 Bed, 3 Bed with 3 Bed, and so on!***

Market Statistics All MLS

Statistics for: Class=RE, LD, CI, MF, CN, RN AND Date Range=07/01/2008-07/31/2009 AND Area=Ventnor NJ AND Board=-1; As Of: 7/26/2009

Class Bedrooms Current Active Avg List Price Avg DOM

All All 469 $603,655 186

RE All 220 $799,239 163

RE 1 bedroom 1 $227,700 110

RE 2 bedroom 10 $317,840 217

RE 3 bedroom 99 $409,697 155

RE 4 bedroom 39 $857,199 195

RE 5+ bedroom 71 $1,386,418 150

LD All 22 $730,513 253

CI All 18 $704,333 268

MF All 74 $510,317 234

CN All 135 $301,992 174

CN 1 bedroom 55 $258,558 161

CN 2 bedroom 56 $292,739 198

CN 3 bedroom 23 $431,560 146

CN 4 bedroom 1 $229,000 216

CN 5+ bedroom 0 $0 0

Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired

All All 800 152 19.00% $445,382 $391,819 87.97% 143 $645,328 41.00%

RE All 400 83 20.75% $554,092 $486,145 87.74% 147 $846,797 40.75%

RE 1 bedroom 2 0 0.00% $0 $0 0.00% 0 $608,900 0

RE 2 bedroom 29 7 24.14% $227,314 $211,714 93.14% 102 $310,545 48.28%

RE 3 bedroom 171 37 21.64% $364,586 $329,575 90.40% 145 $411,101 36.84%

RE 4 bedroom 76 21 27.63% $469,200 $426,038 90.80% 198 $838,322 46.05%

RE 5+ bedroom 122 18 14.75% $1,169,755 $984,833 84.19% 109 $1,451,033 41.80%

LD All 31 5 16.13% $179,180 $165,500 92.37% 209 $844,656 51.61%

CI All 25 2 8.00% $887,500 $725,000 81.69% 70 $683,020 56.00%

MF All 109 18 16.51% $406,955 $363,805 89.40% 174 $507,875 43.12%

CN All 235 44 18.72% $266,190 $235,919 88.63% 119 $296,248 37.45%

CN 1 bedroom 91 18 19.78% $237,722 $212,780 89.51% 117 $228,795 31.87%

CN 2 bedroom 95 19 20.00% $248,178 $210,573 84.85% 139 $256,264 38.95%

CN 3 bedroom 44 6 13.64% $424,000 $394,081 92.94% 73 $432,355 43.18%

CN 4 bedroom 5 1 20.00% $174,000 $185,000 106.32% 52 $521,116 60.00%

CN 5+ bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

Market Statistics All MLS

Statistics for: Class=RE, LD, CI, MF, CN, RN AND Date Range=07/01/2007-07/31/2008 AND Area=Ventnor NJ AND Board=-1; As Of: 7/26/2009

Class	Bedrooms	Current Active	Avg List Price	Avg DOM
All	All	469	$603,655	186
RE	All	220	$799,239	163
RE	1 bedroom	1	$227,700	110
RE	2 bedroom	10	$317,840	217
RE	3 bedroom	99	$409,697	155
RE	4 bedroom	39	$857,199	195
RE	5+ bedroom	71	$1,386,418	150
LD	All	22	$730,513	253
CI	All	18	$704,333	268
MF	All	74	$510,317	234
CN	All	135	$301,992	174
CN	1 bedroom	55	$258,558	161
CN	2 bedroom	56	$292,739	198
CN	3 bedroom	23	$431,560	146
CN	4 bedroom	1	$229,000	216
CN	5+ bedroom	0	$0	0

Class	Bedrooms	Total Listed	Num Sold	Pct Sold	Avg List Price Sold	Avg Sale Price Sold	Sale Price/List Price Ratio	Avg DOM Sold	Avg List Price Unsold	Pct Expired
All	All	886	222	25.06%	$536,272	$477,802	89.10%	123	$612,411	41.65%
RE	All	434	118	27.19%	$703,310	$627,716	89.25%	111	$834,871	35.25%
RE	1 bedroom	7	1	14.29%	$325,900	$325,900	100.00%	129	$434,580	42.86%
RE	2 bedroom	28	12	42.86%	$289,825	$261,250	90.14%	61	$426,150	32.14%
RE	3 bedroom	173	54	31.21%	$362,592	$334,968	92.38%	118	$421,126	35.26%
RE	4 bedroom	87	26	29.89%	$852,607	$756,211	88.69%	128	$820,974	35.63%
RE	5+ bedroom	139	25	17.99%	$1,497,560	$1,314,391	87.77%	103	$1,414,228	35.25%
LD	All	50	2	4.00%	$1,199,450	$862,500	71.91%	235	$710,216	28.00%
CI	All	23	8	34.78%	$332,200	$307,375	92.53%	206	$393,645	39.13%
MF	All	145	21	14.48%	$409,185	$359,095	87.76%	119	$542,324	53.79%
CN	All	234	73	31.20%	$307,019	$277,762	90.47%	132	$293,775	49.15%
CN	1 bedroom	90	36	40.00%	$257,747	$235,361	91.31%	123	$233,262	37.78%
CN	2 bedroom	97	31	31.96%	$326,632	$290,473	88.93%	136	$270,399	55.67%
CN	3 bedroom	41	4	9.76%	$489,975	$455,000	92.86%	167	$447,331	53.66%
CN	4 bedroom	6	2	33.33%	$524,000	$489,500	93.42%	167	$391,633	83.33%
CN	5+ bedroom	0	0	0.00%	$0	$0	0.00%	0	$0	0.00%

$8,000 Tax Credit for First Time Home Buyers click here

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