New Jersey beachside town among the hottest US real estate markets with 298 percent surge in home prices

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New Jersey beachside town among the hottest US real estate markets with 298 percent surge in home prices

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A charming New Jersey beachside town has become one of the hottest places to live. Margate, a classic Jersey Shore destination famed for its long sandy beaches, has seen property prices almost triple in the last five years. Home sales now average over $2.1 million, reflecting its growing appeal among luxury buyers for the summer vacation hotspot. This is four-fold or near 300 percent rise from the average sale of $525,000 in 2019, according to data from Intercontinental Exchange.
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