Market Report for Margate – 2015 Q1

Margate’s real estate market showed a decrease in available homes this quarter relative to the previous. There were a total of 81 closings this quarter, and March was the most active month with 47 closings for a $ 807.5k dollar value. Closings in Margate were lower in Q1 compared to last quarter. Moreover, closings this quarter were down compared to Q1 of last year. January was the most popular month in Margate to list this quarter, as 37 homes were added. Overall, listings decreased this quarter with regards to last quarter and are lower from Q1 of last year.

The following is a table of statistics analyzing changes in the Margate real estate market, and also some graphical representations of the data over time.

This Quarter vs. Last quarter vs. Last Year
Total Inventory 135 -5% 143 6% 127
New Listings 124 -17% 151 -2% 127
Avg List  $ 188k 20%  $  155.8k 33%  $  140.8k
Closings 81 -39% 134 -17% 98

 

Margate 2015 Q1 Market Report

 

Margate 2015 Market Report - $/sq. ft.

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