Five-Room Apartment in Migdal HaEmek Sells for 1.8 Million Shekels with Open Jezreel Valley View
A five-room apartment measuring approximately 130 square meters was sold for 1.8 million shekels in the western neighborhood of Migdal HaEmek, located on 29 November Street. The apartment is on the top floor of a six-story building and features a 14-square-meter balcony with an open view of the Jezreel Valley, along with two parking spaces and a storage room. The listing price was 1.88 million shekels, and the apartment was on the market for about a month and a half. The sellers originally acquired the apartment through a government housing program, rented it out, and decided to sell after the minimum holding period expired. The buyers are a young couple from outside the city who intend to live there.
Michal Malka, owner of RE/MAX HaEmek and the agent representing both parties, described the western neighborhood as a new and highly sought-after area in Migdal HaEmek. She noted its strategic location near the city center, the main entrance, and the new BIG shopping center. The neighborhood is mainly populated by young couples and those upgrading their housing, with limited resale supply and ongoing construction projects expected to be completed by mid-2027. Rental demand is strong, with similar apartments commanding about 4,500 shekels per month.
Malka added that prices in the Jezreel Valley region are relatively high with limited supply in local towns and moshavim, where ground-level homes start at around 4.5 million shekels. Due to these high prices, many prefer more affordable options like Migdal HaEmek. The article also provided recent resale prices of apartments in various cities including Jerusalem, Eilat, Beitar Illit, Ofakim, and Kiryat Motzkin, illustrating the diverse real estate market across Israel.
The information was sourced from the Israel Tax Authority's website, reflecting transactions from the past month. The article emphasized the importance of respectful and diverse discourse in reporting, adhering to ethical standards that filter out inappropriate content.
