Margate City has emerged as the third hottest luxury real estate market in the U.S., ranking alongside some of the country’s most affluent areas. This Jersey Shore destination made the list of top markets with average home sale prices exceeding $2 million and more than 10 sales in the third quarter. Compiled by The Business Journals using Intercontinental Exchange Inc. data, the rankings focus on recent sales and pricing momentum, particularly in the past 12 months. The data reflects July through September, traditionally active months on the Jersey Shore as summer ends and new listings appear.

*Article courtesy of Philadelphia Business Journal

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