Margate Market Update- August 2018
The median sale price for Single Family homes in Margate has increased starting at $165,000 in 2013 to $285,000 year to date.
The highest median days to sell in Margate for Single Family homes was 39 days in 2015.
The median sale price for Townhomes, Condos and Villas in Margate has slowly increased from $50,000 in 2013 to $85,000 year to date.
The lowest median days to sell in Margate was 32 days year to date.
About Margate
Source: https://www.margatefl.com/
Founded in the 1950s by Jack Marquese, Margate derived its name as a contraction of the name of its founder combined with the word “gate” (denoting its status as the “gateway” to western Broward County). Margate became a town in 1955 and was incorporated as a city in 1961. Originally planned for a population of 35,000, Margate today has a size more than 50% larger than its planned number and its population is still growing. The city of Margate is located in Broward County, Florida. The city is situated about 12 miles northwest of Fort Lauderdale and 40 miles north of Miami.
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