Property prices for sale in Margate City (New Jersey)
The prices in real estate in Margate City, in the New Jersey region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Margate City has fallen in the last 6 months. In October, the average price per sq.feet was $621. In November this price pretty much remained the same at a value of $615 per sq.feet. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has decreased 92 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $575.5 to $529 during February, and March.
Based upon to the price in Margate City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $878,376. During November the price went through a considerable rise reaching $1,167,445. In the following two months the average price has remained the same with regard to the previous two months from $1,022,910.5 to $1,068,231. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,133,848 they are 69 % more affordable than the average price for Margate City. The properties with the highest average price have 4 bedrooms, Their price is 88 % more costly than the average. After that we have properties with 3 bedrooms priced at $524,425.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $307 / sq.feet, with an average $499 / sq.feet price in Margate City. The properties with the highest average prices have 4 bedrooms. They are 48 % more expensive than the average followed by properties with 1 bedroom with a price at $551 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,133,848 it is 97 % cheaper than the average price in Margate City. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $353,896 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $13 / sq.feet followed by "House" priced at $616 / sq.feet. "Condo" is the most costly type of property with a $651 / sq.feet cost followed by "House" with an average price of $616 / sq.feet.
