Cape May County Real Estate Market Recap – March 2023

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of February 2023 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of April 5th, 2023.

In the month of March the Cape May, West Cape May, and Cape May Point areas saw a small dip in properties that sold during the month, with a combined 7 between all three areas. The median sale price and days on market varied significantly month-to-month largely due to a small sample size.

Active listings on the market at the beginning of April saw a notable rise in median list prices compared to a month prior. The median days on market remains low for both the City of Cape May and Cape May Point, while West Cape May ticked higher to 202 days as of April 5th.

Cape May

Active SFH Listings as of 4/05/23 – 25 (+0 vs. last month)

Median Days on Market – 98 Days (-3 days vs. last month)

Median List Price – $2,195,000 (+$200,000 vs. last month)

Sold Properties in March – 5 (-2 vs. last month)

Median Days on Market – 130 Days (+36 days vs. last month)

Median Sale Price – $1,650,000 (+662,500 vs. last month)

West Cape May

Active SFH Listings as of 4/05/23 – 8 (-1 vs. last month)

Median Days on Market – 202 Days (+27 days vs. last month)

Median List Price – $1,250,000 (+$65,000 vs. last month)

Sold Properties in March – 1 (-1 vs. last month)

Median Days on Market – 139 Days (+54 days vs. last month)

Median Sale Price – $2,400,000 (+$1,768,000 vs. last month)

Cape May Point

Active SFH Listings as of 4/05/23 – 4 (+0 vs. last month)

Median Days on Market – 38 Days (-34 Days vs. last month)

Median List Price – $1,449,450 (+$0 vs. last month)

Sold Properties in March – 1 (+1 vs. last month)

Median Days on Market – 147 (-70 Days vs. January)

Median Sale Price – $1,100,000 (-$575,500 vs. January)

The trend across most of Cape May County to begin April was fewer available properties currently listed for sale. All but the Avalon/Stone Harbor areas saw active properties on the market drop compared to a month prior.

Most notably was Lower Township which saw a reduction of 12 properties largely influenced by the massive uptick in properties that sold in March. Both Lower Township and the Wildwoods saw a huge rise in sales during March and all areas aside from the immediate Cape May area saw a rise in sold properties during March.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 4/05/23 – 37 (-1 vs. last month)

Median Days on Market – 98 Days (-34 Days vs. last month)

Median List Price – $1,700,000 (+$90,000 vs. last month)

Sold Properties in March – 7 (-2 vs. last month)

Median Days on Market – 140 Days (+34 days vs. last month)

Median Sale Price – $1,650,000 (+$662,500 vs. last month)

Lower Township

Active SFH Listings as of 4/05/23 – 63 (-12 vs. last month)

Median Days on Market – 41 Days (-15 days vs. last month)

Median List Price – $439,000 (+$89,000 vs. last month)

Sold Properties in March – 53 (+36 vs. last month)

Median Days on Market – 79 Days (-22 days vs. last month)

Median Sale Price – $360,000 (+$20,000 vs. last month)

Middle Township

Active SFH Listings as of 4/05/23 – 63 (-3 vs. last month)

Median Days on Market – 42 Days (-1 day vs. last month)

Median List Price – $450,000 (-$4,500 vs last month)

Sold Properties in March – 24 (+2 vs. last month)

Median Days on Market – 60 Days (-112 days vs. last month)

Median Sale Price – $327,000 (+$37,250 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 4/05/23 – 30 (-1 vs. last month)

Median Days on Market – 78 Days (-7 Days vs. last month)

Median List Price – $899,900 (-$68,900 vs. last month)

Sold Properties in March – 64 (+32 vs. last month)

Median Days on Market – 80 Days (-30 days vs. last month)

Median Sale Price – $454,000 (-$21,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 4/05/23 – 28 (-4 vs. last month)

Median Days on Market – 58 Days (-6 days vs. last month)

Median List Price – $362,500 (-$29,950 vs. last month)

Sold Properties in March – 19 (+10 vs. last month)

Median Days on Market – 75 Days (-53 days vs. last month)

Median Sale Price – $217,000 (-$113,000 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 4/05/23 – 62 (+9 vs. last month)

Median Days on Market – 85 Days (-5 days vs. last month)

Median List Price – $4,597,000 (+$102,000 vs. last month)

Sold Properties in March – 16 (+9 vs. last month)

Median Days on Market – 193 Days (+65 days vs. last month)

Median Sale Price – $2,356,250 (-$243,750 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 4/05/23 – 6 (-3 vs. last month)

Median Days on Market – 101 Days (+1 day vs. last month)

Median List Price – $2,324,999 (-$75,000 vs. last month)

Sold Properties in March – 18 (+11 vs. last month)

Median Days on Market – 145 Days (+45 days vs. last month)

Median Sale Price – $1,327,000 (+591,500 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Cape May County Real Estate Market Recap – February 2023

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of February 2023 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of March 1st, 2023.

The immediate Cape May area saw a slight decline in properties sold during February 2023. The median sale price for properties that did sell dropped compared to the previous two months. Historically February has been one of the area’s least active months, and to begin 2023, this trend remains in place.

At the start of March the area saw an uptick in active market properties compared to the prior month. Median list prices rose slightly, mainly due to low inventory and demand rising with the busy spring season right around the corner.

Cape May

Active SFH Listings as of 3/01/23 – 25 (+2 vs. last month)

Median Days on Market – 101 Days (-12 days vs. last month)

Median List Price – $1,995,000 (+145,000 vs. last month)

Sold Properties in February – 7 (-3 vs. last month)

Median Days on Market – 104 Days (+7 days vs. last month)

Median Sale Price – $987,500 (-$385,000 vs. last month)

West Cape May

Active SFH Listings as of 3/01/23 – 9 (+1 vs. last month)

Median Days on Market – 175 Days (+24 days vs. last month)

Median List Price – $1,185,000 (+43,000 vs. last month)

Sold Properties in February – 2 (+2 vs. last month)

Median Days on Market – 85 Days (-136 days vs. December)

Median Sale Price – $632,000 (-$315,500 vs. December)

Cape May Point

Active SFH Listings as of 3/01/23 – 4 (+2 vs. last month)

Median Days on Market – 72 Days (-108 Days vs. last month)

Median List Price – $1,449,450 (+$124,500 vs. last month)

Sold Properties in February – 0 (-2 vs. last month)

Median Days on Market – N/A (217 Days in January)

Median Sale Price – N/A ($1,675,500 in January)

The trend across Cape May County for February was that there wasn’t a clearly defined trend regarding activity and days on the market. The median sales price fell across each area. Most notable is Middle Township, which saw a drop of $180,250, primarily due to the large influx of vacant lots sold during the month.

To begin the month of March, the County saw most areas with lower Days on the Market compared to the month prior. Middle Township and Lower Township have extremely low D.O.M values beneath 60 days.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 3/01/23 – 38 (+5 vs. last month)

Median Days on Market – 132 Days (+5 Days vs. last month)

Median List Price – $1,610,000 (+$110,100 vs. last month)

Sold Properties in February – 9 (-3 vs. last month)

Median Days on Market – 104 Days (+7 days vs. last month)

Median Sale Price – $987,500 (-$575,000 vs. last month)

Lower Township

Active SFH Listings as of 3/01/23 – 75 (-1 vs. last month)

Median Days on Market – 56 Days (-23 days vs. last month)

Median List Price – $350,000 (-$12,500 vs. last month)

Sold Properties in February – 17 (-9 vs. last month)

Median Days on Market – 101 Days (-3 days vs. last month)

Median Sale Price – $340,000 (-$56,750 vs. last month)

Middle Township

Active SFH Listings as of 3/01/23 – 66 (+7 vs. last month)

Median Days on Market – 43 Days (-13 days vs. last month)

Median List Price – $454,500 (+$55,500 vs last month)

Sold Properties in February – 22 (+8 vs. last month)

Median Days on Market – 172 Days (+83 days vs. last month)

Median Sale Price – $289,750 (-$180,250 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 3/01/23 – 31 (-7 vs. last month)

Median Days on Market – 85 Days (-16 Days vs. last month)

Median List Price – $968,800 (+81,412 vs. last month)

Sold Properties in February – 32 (-11 vs. last month)

Median Days on Market – 110 Days (+34 days vs. last month)

Median Sale Price – $475,000 (-$25,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 3/01/23 – 32 (+4 vs. last month)

Median Days on Market – 64 Days (-20 days vs. last month)

Median List Price – $392,450 (+3,450 vs. last month)

Sold Properties in February – 9 (-4 vs. last month)

Median Days on Market – 128 Days (+37 days vs. last month)

Median Sale Price – $330,000 (-$49,900 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 3/01/23 – 53 (-4 vs. last month)

Median Days on Market – 90 Days (-34 days vs. last month)

Median List Price – $4,495,000 (+$200,000 vs. last month)

Sold Properties in February – 7 (-7 vs. last month)

Median Days on Market – 128 Days (+44 days vs. last month)

Median Sale Price – $2,600,000 (-$300,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 3/01/23 – 9 (-1 vs. last month)

Median Days on Market – 100 Days (+19 days vs. last month)

Median List Price – $2,399,999 (+$27,500 vs. last month)

Sold Properties in February – 7 (+8 vs. last month)

Median Days on Market – 100 Days (-1 day vs. last month)

Median Sale Price – $735,500 (-$194,500 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Real Estate Market Recap – Cape May County – January 2023

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of January 2023 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of February 2nd, 2023.

At the end of January, Cape May, West Cape May, and Cape May Point saw reductions in the currently availability of properties listed for sale. The median days on market rose across all three areas and besides a +$1,000 increase in median list price in Cape May, listing prices went down during January.

Properties that sold in January did not have a clear trend across the three areas. Cape May City saw 10 properties sell, one higher than December, and the median sale price / days on market were lower than the prior month. West Cape May had zero properties sell during January, four lower than in December. Cape May Point saw 2 properties close during the month and at a higher sale price and days on market when compared to December.

The trends aren’t too far off from last year during this quiet time of the year for real estate in the area. Compared to January 2022, the three areas have 33 total active listings in January 2023 compared to only 14 a year ago. For sold properties, this January there is a total of 12 sales while in January 2022 there was 24 sold properties.

Cape May

Active SFH Listings as of 02/02/2023– 23 (-2 vs. last month)

Median Days on Market – 113 Days (+2 days vs. last month)

Median List Price – $1,850,000 (+$1,000 vs. last month)

Sold Properties in January – 10 (+1 vs. last month)

Median Days on Market – 97 Days (-51 days vs. last month)

Median Sale Price – $1,372,500 (-$627,500 vs. last month)

West Cape May

Active SFH Listings as of 02/02/2023– 8 (-2 vs. last month)

Median Days on Market – 151 Days (+31 days vs. last month)

Median List Price – $1,142,000 (-$75,500 vs. last month)

Sold Properties in January – 0 (-4 vs. last month)

Median Days on Market – N/A Days (221 days in December)

Median Sale Price – N/A ($947,500 in December)

Cape May Point

Active SFH Listings as of 02/02/2023– 2 (-1 vs. last month)

Median Days on Market – 180 Days (+77 Days vs. last month)

Median List Price – $1,324,950 (-$210,000 vs. last month)

Sold Properties in January – 2 (+1 vs. last month)

Median Days on Market – 217 (+135 Days vs. last month)

Median Sale Price – $1,674,500 (+797,000 vs. last month)

Across the entire county there isn’t a constant trend to garner from active listings or sold properties during the month of January. Depending on the area/town/township you focus on you’ll find some have more activity for listings and some for sales. Given the small sample size and January (and soon to be February’s data) being a slow month the Cape May County real estate market trend is hard to pinpoint the direct it is heading going into the busy spring season.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 02/02/2023– 33 (-5 vs. last month)

Median Days on Market – 127 Days (+14 Days vs. last month)

Median List Price – $1,499,900 (-$35,100 vs. last month)

Sold Properties in January – 12 (-2 vs. last month)

Median Days on Market – 97 Days (-31 days vs. last month)

Median Sale Price – $1,562,500 (+$1,562,500 vs. last month)

Lower Township

Active SFH Listings as of 02/02/2023– 76 (-4 vs. last month)

Median Days on Market – 79 Days (+11 days vs. last month)

Median List Price – $362,500 (-$12,500 vs. last month)

Sold Properties in January – 26 (-12 vs. last month)

Median Days on Market – 104 Days (+32 days vs. last month)

Median Sale Price – $396,750 (+$17,300 vs. last month)

Middle Township

Active SFH Listings as of 02/02/2023– 59 (+3 vs. last month)

Median Days on Market – 53 Days (-47 days vs. last month)

Median List Price – $429,000 (+$4,000 vs last month)

Sold Properties in January – 14 (-11 vs. last month)

Median Days on Market – 89 Days (-12 days vs. last month)

Median Sale Price – $470,000 (+$140,000 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 02/02/2023– 38 (-2 vs. last month)

Median Days on Market – 101 Days (+5 Days vs. last month)

Median List Price – $887,388 (+4,938 vs. last month)

Sold Properties in January – 43 (-11 vs. last month)

Median Days on Market – 76 Days (+0 days vs. last month)

Median Sale Price – $500,000 (+$75,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 02/02/2023– 28 (-5 vs. last month)

Median Days on Market – 84 Days (+9 days vs. last month)

Median List Price – $389,000 (+$9,100 vs. last month)

Sold Properties in January – 13 (-1 vs. last month)

Median Days on Market – 91 Days (-15 days vs. last month)

Median Sale Price – $379,900 (+$92,400 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 02/02/2023– 57 (+4 vs. last month)

Median Days on Market – 124 Days (+27 days vs. last month)

Median List Price – $4,295,000 (+$0 vs. last month)

Sold Properties in January – 14 (+3 vs. last month)

Median Days on Market – 84 Days (-25 days vs. last month)

Median Sale Price – $2,900,000 (+$400,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 02/02/2023– 10 (+1 vs. last month)

Median Days on Market – 81 Days (+28 days vs. last month)

Median List Price – $2,372,499 (+$87,499 vs. last month)

Sold Properties in January – 15 (+5 vs. last month)

Median Days on Market – 101 Days (-57 days vs. last month)

Median Sale Price – $930,000 (-$830,000 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Real Estate Market Recap – Cape May County – December 2022

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of December 2022 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of January 2nd, 2022.

In December, the City of Cape May, West Cape May, and Cape May Point saw a slight uptick in the number of properties that sold compared to November 2022. The median sale price rose significantly in the City of Cape May ($1,180,000) and West Cape May ($737,500) compared to Cape May Pint, which saw one single property, a vacant lot, sell for $877,500, leading to a decrease of $315,500 median sale price month over month.

To begin the New Year, the three areas’ active properties remain steady with minor changes to the median list price, days on the market, and number of listings. Historically inventory remains extremely low in each area.

Cape May

Active SFH Listings as of 01/02/23– 25 (+1 vs. last month)

Median Days on Market – 111 Days (-31 days vs. last month)

Median List Price – $1,849,000 (-$95,500 vs. last month)

Sold Properties in December – 9 (+1 vs. last month)

Median Days on Market – 148 Days (+64 days vs. last month)

Median Sale Price – $2,000,000 (+$1,180,000 vs. last month)

West Cape May

Active SFH Listings as of 01/02/23– 10 (-3 vs. last month)

Median Days on Market – 120 Days (+41 days vs. last month)

Median List Price – $1,217,500 (+$118,500 vs. last month)

Sold Properties in December – 4 (+3 vs. last month)

Median Days on Market – 221 Days (+196 days vs. last month)

Median Sale Price – $947,500 (+737,500 vs. last month)

Cape May Point

Active SFH Listings as of 01/02/23– 3 (-1 vs. last month)

Median Days on Market – 103 Days (-26 Days vs. last month)

Median List Price – $1,534,950 (+$0 vs. last month)

Sold Properties in December – 1 (+0 vs. last month)

Median Days on Market – 82 (-85 Days vs. last month)

Median Sale Price – $877,500 (-$315,500 vs. last month)

Across Cape May County the trend to begin 2023 is lower inventory in almost every area tracked and slightly longer days on the market. Current inventory remains low, and the winter months typically have less available inventory. Days on market rose slightly in most areas aside from Middle Township and median listing prices remained primarily steady beside Sea Isle City / Strathmere with a significant $590,000 increase.

In December, there was no clearly defined trend looking at Cape May County as a whole. Notably, the Cape May area saw the number of properties and median sale price increase significantly alongside Sea Ilse City/Strathmere. Meanwhile, Upper Twp/Dennis Twp/Woodbine Areas saw a significant decrease in the median sale price for the month compared to November 2022.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 01/02/23– 38 (-3 vs. last month)

Median Days on Market – 113 Days (+23 Days vs. last month)

Median List Price – $1,535,000 (-$35,000 vs. last month)

Sold Properties in December – 14 (+4 vs. last month)

Median Days on Market – 128 Days (+48 days vs. last month)

Median Sale Price – $1,036,250 (+$116,250 vs. last month)

Lower Township

Active SFH Listings as of 01/02/23– 80 (-10 vs. last month)

Median Days on Market – 68 Days (+13 days vs. last month)

Median List Price – $362,500 (-$12,500 vs. last month)

Sold Properties in December – 38 (+8 vs. last month)

Median Days on Market – 72 Days (-7 days vs. last month)

Median Sale Price – $394,500 (+$12,000 vs. last month)

Middle Township

Active SFH Listings as of 01/02/23– 56 (-2 vs. last month)

Median Days on Market – 100 Days (-4 days vs. last month)

Median List Price – $425,000 (-$37,500 vs last month)

Sold Properties in December – 25 (-2 vs. last month)

Median Days on Market – 101 Days (+5 days vs. last month)

Median Sale Price – $330,000 (-$5,000 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 01/02/23– 40 (-5 vs. last month)

Median Days on Market – 96 Days (+18 Days vs. last month)

Median List Price – $882,450 (+82,673 vs. last month)

Sold Properties in December – 54 (+3 vs. last month)

Median Days on Market – 76 Days (+6 days vs. last month)

Median Sale Price – $425,000 (+$25,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 01/02/23– 33 (-6 vs. last month)

Median Days on Market – 75 Days (+15 days vs. last month)

Median List Price – $379,900 (+$0 vs. last month)

Sold Properties in December – 14 (+2 vs. last month)

Median Days on Market – 106 Days (+13 days vs. last month)

Median Sale Price – $287,500 (-$166,000 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 01/02/23– 53 (-11 vs. last month)

Median Days on Market – 97 Days (+13 days vs. last month)

Median List Price – $4,295,000 (+$0 vs. last month)

Sold Properties in December – 11 (-13 vs. last month)

Median Days on Market – 109 Days (-11 days vs. last month)

Median Sale Price – $2,500,000 (-$202,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 01/02/23– 9 (+2 vs. last month)

Median Days on Market – 53 Days (+8 days vs. last month)

Median List Price – $2,285,000 (+$590,000 vs. last month)

Sold Properties in December – 10 (+3 vs. last month)

Median Days on Market – 158 Days (+82 days vs. last month)

Median Sale Price – $1,800,000 (+$500,000 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Real Estate Market Report – Cape May County – November 2022

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of November 2022 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of December 1st, 2022.

To start the month of December, Cape May, West Cape May, and Cape May Point all saw fewer active listings on the market. All three areas continue the trend of the median asking prices being above $1,000,000, with Cape May the highest at $1,944,500. Sold properties during November fell slightly by 2 properties, and the median sale prices dropped as well. West Cape May’s median sale price dropped dramatically based on only 1 property sold during the month, and it was a mobile home.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 12/01/22– 41 (-7 vs. last month)

Median Days on Market – 91 Days (-24 Days vs. last month)

Median List Price – $1,570,000 (-$27,500 vs. last month)

Sold Properties in November – 10 (-2 vs. last month)

Median Days on Market – 84 Days (-38 days vs. last month)

Median Sale Price – $920,000 (-$205,000 vs. last month)

Cape May

Active SFH Listings as of 12/01/22– 24 (-3 vs. last month)

Median Days on Market – 142 Days (+23 days vs. last month)

Median List Price – $1,944,500 (-$250,500 vs. last month)

Sold Properties in November – 8 (+0 vs. last month)

Median Days on Market – 84 Days (-38 days vs. last month)

Median Sale Price – $920,000 (-$192,500 vs. last month)

West Cape May

Active SFH Listings as of 12/01/22– 13 (-3 vs. last month)

Median Days on Market – 79 Days (+24 days vs. last month)

Median List Price – $1,099,000 (+$52,000 vs. last month)

Sold Properties in November – 1 (-1 vs. last month)

Median Days on Market – 25 Days (-31 days vs. last month)

Median Sale Price – $210,000 (-$939,862 vs. last month)

Cape May Point

Active SFH Listings as of 12/01/22– 4 (-1 vs. last month)

Median Days on Market – 129 Days (+83 Days vs. last month)

Median List Price – $1,534,950 (-$60,050 vs. last month)

Sold Properties in November – 1 (-1 vs. last month)

Median Days on Market – 167 (-32 Days vs. last month)

Median Sale Price – $1,193,000 (-$94,500 vs. last month)

Across Cape May County, to start the month of December, the trend was fewer active listings on the market than in November. Median list prices trended lower in most areas in the county besides Avalon, Stone Harbor, and Sea Isle City.

In November, properties sold fell almost in every area tracked in Cape May County besides Middle Township, which saw 27 properties sell during the month, 3 more than in October. Median Sale prices did not see any clearly defined trend as the county was split between areas with an increase or decrease in sale price.

Lower Township

Active SFH Listings as of 12/01/22– 90 (-21 vs. last month)

Median Days on Market – 55 Days (-1 days vs. last month)

Median List Price – $375,000 (-$15,000 vs. last month)

Sold Properties in November – 30 (-13 vs. last month)

Median Days on Market – 79 Days (+5 days vs. last month)

Median Sale Price – $382,500 (+$22,500 vs. last month)

Middle Township

Active SFH Listings as of 12/01/22– 58 (-10 vs. last month)

Median Days on Market – 104 Days (+30 days vs. last month)

Median List Price – $462,500 (-$12,550 vs last month)

Sold Properties in November – 27 (+3 vs. last month)

Median Days on Market – 96 Days (-22 days vs. last month)

Median Sale Price – $335,000 (-$47,500 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 12/01/22– 45 (-14 vs. last month)

Median Days on Market – 78 Days (+9 Days vs. last month)

Median List Price – $799,777 (-$123 vs. last month)

Sold Properties in November – 51 (-9 vs. last month)

Median Days on Market – 70 Days (-13 days vs. last month)

Median Sale Price – $400,000 (-$144,950 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 12/01/22– 38 (-11 vs. last month)

Median Days on Market –60 Days (+17 days vs. last month)

Median List Price – $379,900 (-$20,000 vs. last month)

Sold Properties in November – 12 (-3 vs. last month)

Median Days on Market – 93 Days (+9 days vs. last month)

Median Sale Price – $453,500 (+$123,500 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 12/01/22– 64 (-6 vs. last month)

Median Days on Market – 84 Days (+8 days vs. last month)

Median List Price – $4,295,000 (+$410,000 vs. last month)

Sold Properties in November – 24 (-1 vs. last month)

Median Days on Market – 120 Days (+7 days vs. last month)

Median Sale Price – $2,702,000 (+$202,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 12/01/22– 7 (+3 vs. last month)

Median Days on Market – 45 Days (+11 days vs. last month)

Median List Price – $1,695,000 (+$65,501 vs. last month)

Sold Properties in November – 7 (-7 vs. last month)

Median Days on Market – 76 Days (-1 days vs. last month)

Median Sale Price – $1,300,000 (+$95,000 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Real Estate Market Report – Cape May County – October 2022

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of October 2022 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of November 4th, 2022

During the month of October in Cape May, West Cape May, and Cape May Point the areas saw the number of properties sold drop by 10 down from 22 to 12. Most of this was in the City of Cape May which saw 9 fewer properties sell compared to the previous month. Despite the fewer number of homes closing during the month, the median sale price rose $163,000 up to $1,125,000.

To begin November the combined Cape May area saw a small rise in the number of properties on the market and the median list price. Days on Market climbed 21 days up to 115 Days which is the trend across the county. Cape May Point has the lowest Days on Market with a median value of 44 and the City of Cape May the highest at 119 Days as of November 4th.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 11/04/22– 48 (+3 vs. last month)

Median Days on Market – 115 Days (+21 Days vs. last month)

Median List Price – $1,597,500 (+$42,500 vs. last month)

Sold Properties in October – 12 (-10 vs. last month)

Median Days on Market – 122 Days (+38 days vs. last month)

Median Sale Price – $1,125,000 (+$163,000 vs. last month)

Cape May

Active SFH Listings as of 11/04/22– 27 (-1 vs. last month)

Median Days on Market – 119 Days (+17 days vs. last month)

Median List Price – $2,195,000 (+$96,000 vs. last month)

Sold Properties in October – 8 (-9 vs. last month)

Median Days on Market – 122 Days (+34 days vs. last month)

Median Sale Price – $1,112,500 (+$212,500 vs. last month)

West Cape May

Active SFH Listings as of 11/04/22– 16 (+2 vs. last month)

Median Days on Market – 55 Days (+16 days vs. last month)

Median List Price – $1,047,000 (+$99,625 vs. last month)

Sold Properties in October – 2 (+0 vs. last month)

Median Days on Market – 76 Days (+41 days vs. last month)

Median Sale Price – $1,149,862 (+$442,312 vs. last month)

Cape May Point

Active SFH Listings as of 11/04/22– 5 (+2 vs. last month)

Median Days on Market – 44 Days (-91 Days vs. last month)

Median List Price – $1,595,000 (+$0 vs. last month)

Sold Properties in October – 2 (-1 vs. last month)

Median Days on Market – 199 (+59 Days vs. last month)

Median Sale Price – $1,287,500 (-$112,500 vs. last month)

Across the Cape May County the trend for properties that sold in October was mostly that of fewer properties selling and the median days on market to do so being longer than in September. Most notably The Wildwoods saw a dramatic drop in closings with 34 fewer compared to a month before, and the only area to see an increase was in the Sea Isle City and Strathmere area.

To begin November most areas saw an uptick in the number of active listings compared to a month prior and those that did not hardly changed at all. The median days on market continues to trend lower than it historically has been with many areas under 80 days. The highest in Cape May County is the combined Cape May / West Cape May / Cape May Point areas at 115 days. Asking prices when accounting for size/location/type of properties trended downward in most areas in the county to begin November despite some areas seeing median listing prices rise for the month-to-month change.

Lower Township

Active SFH Listings as of 11/04/22– 111 (+11 vs. last month)

Median Days on Market – 56 Days (-10 days vs. last month)

Median List Price – $390,000 (-$4,495 vs. last month)

Sold Properties in October – 43 (-3 vs. last month)

Median Days on Market – 74 Days (+4 days vs. last month)

Median Sale Price – $360,000 (-$19,475 vs. last month)

Middle Township

Active SFH Listings as of 11/04/22– 68 (-1 vs. last month)

Median Days on Market – 74 Days (+8 days vs. last month)

Median List Price – $449,950 (-$29,950 vs last month)

Sold Properties in October – 24 (-16 vs. last month)

Median Days on Market – 118 Days (+31 days vs. last month)

Median Sale Price – $382,500 (+$45,500 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 11/04/22– 59 (+2 vs. last month)

Median Days on Market – 69 Days (+4 Days vs. last month)

Median List Price – $799,900 (-$25,000 vs. last month)

Sold Properties in October – 60 (-34 vs. last month)

Median Days on Market – 83 Days (+8 days vs. last month)

Median Sale Price – $544,950 (+$10,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 11/04/22– 49 (+7 vs. last month)

Median Days on Market – 43 Days (-23 days vs. last month)

Median List Price – $399,900 (-$19,600 vs. last month)

Sold Properties in October – 15 (-13 vs. last month)

Median Days on Market – 84 Days (+25 days vs. last month)

Median Sale Price – $330,000 (+$49,500 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 11/04/22– 70 (+5 vs. last month)

Median Days on Market – 76 Days (+10 days vs. last month)

Median List Price – $3,885,000 (-$110,000 vs. last month)

Sold Properties in October – 25 (-8 vs. last month)

Median Days on Market – 113 Days (+8 days vs. last month)

Median Sale Price – $2,500,000 (+$438,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 11/04/22– 4 (+0 vs. last month)

Median Days on Market – 34 Days (-95 days vs. last month)

Median List Price – $1,629,499 (-$798,000 vs. last month)

Sold Properties in October – 14 (+2 vs. last month)

Median Days on Market – 76 Days (-12 days vs. last month)

Median Sale Price – $1,205,000 (-$407,500 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Real Estate Market Report – Cape May County – September 2022

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of September 2022 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of October 10th, 2022

September in the Cape May area saw the City of Cape May increase the number of properties that sold during the month while West Cape May and Cape May Point saw no change month-over-month.

The median sale price did fall across all three areas, especially in Cape May that saw a $730,000 decline that was partially influenced by roughly half of the properties that sold during the month being small condo units and quad/duplex properties. To start off October inventory remains low in both the City of Cape May and Cape May Point. West Cape May saw a rise in active listings on the market to begin October.

Cape May

Active SFH Listings as of 10/10/22– 28 (-6 vs. last month)

Median Days on Market – 102 Days (+42 days vs. last month)

Median List Price – $2,099,000 (-$23,000 vs. last month)

Sold Properties in September– 17 (+6 vs. last month)

Median Days on Market – 88 Days (-14 days vs. last month)

Median Sale Price – $900,000 (-$730,000 vs. last month)

West Cape May

Active SFH Listings as of 10/10/22– 14 (+5 vs. last month)

Median Days on Market – 39 Days (-67 days vs. last month)

Median List Price – $947,375 (-$52,375 vs. last month)

Sold Properties in September – 2 (+0 vs. last month)

Median Days on Market – 35 Days (-85 days vs. last month)

Median Sale Price – $707,550 (-$309,950 vs. last month)

Cape May Point

Active SFH Listings as of 10/10/22– 3 (-3 vs. last month)

Median Days on Market – 135 Days (+20 Days vs. last month)

Median List Price – $1,595,000 (+$45,550 vs. last month)

Sold Properties in September – 3 (+0 vs. last month)

Median Days on Market – 140 (+60 Days vs. last month)

Median Sale Price – $1,400,000 (-$20,000 vs. last month)

The trend across most of Cape May County to begin October is lower active inventory on the market as most areas are seeing the number of active properties drop going into the Fall. The median days on market is rising as well for most of the County while median list price trends slightly downwards besides the Wildwoods and Sea Isle City markets.

During September every area in Cape May County shown in this chart saw a rise in sold properties during the month aside from Sea Isle City/Strathmere. Most notably was the Wildwoods that saw a massive +45 increase compared to the previous month, most likely due to properties waiting until the summer season ended for closing to happen. Median sale prices had no trend across the County as some areas saw increases while others decreases largely due to the type of properties that sold during the month.

Cape May Area (includes Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 10/10/22– 45 (-4 vs. last month)

Median Days on Market – 94 Days (+11 Days vs. last month)

Median List Price – $1,525,000 (-$75,000 vs. last month)

Sold Properties in September – 22 (+6 vs. last month)

Median Days on Market – 84 Days (-23 days vs. last month)

Median Sale Price – $962,000 (-$528,000 vs. last month)

Lower Township

Active SFH Listings as of 10/10/22– 100 (-4 vs. last month)

Median Days on Market – 66 Days (+10 days vs. last month)

Median List Price – $394,495 (-$5,405 vs. last month)

Sold Properties in September – 46 (+15 vs. last month)

Median Days on Market – 70 Days (+7 days vs. last month)

Median Sale Price – $379,475 (-$525 vs. last month)

Middle Township

Active SFH Listings as of 10/10/22– 69 (-8 vs. last month)

Median Days on Market – 66 Days (+6 days vs. last month)

Median List Price – $479,900 (-$5,100 vs last month)

Sold Properties in September – 42 (+17 vs. last month)

Median Days on Market – 87 Days (+14 days vs. last month)

Median Sale Price – $337,000 (+$5,500 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 10/10/22– 57 (+3 vs. last month)

Median Days on Market – 65 Days (-18 Days vs. last month)

Median List Price – $824,900 (+$37,650 vs. last month)

Sold Properties in September – 94 (+45 vs. last month)

Median Days on Market – 75 Days (+10 days vs. last month)

Median Sale Price – $534,950 (+$129,950 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 10/10/22– 42 (-10 vs. last month)

Median Days on Market – 66 Days (+5 days vs. last month)

Median List Price – $419,500 (+$34,600 vs. last month)

Sold Properties in September – 28 (+3 vs. last month)

Median Days on Market – 59 Days (-14 days vs. last month)

Median Sale Price – $280,500 (-$49,500 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 10/10/22– 65 (-8 vs. last month)

Median Days on Market – 66 Days (-9 days vs. last month)

Median List Price – $3,995,000 (+$10,000 vs. last month)

Sold Properties in September – 32 (+7 vs. last month)

Median Days on Market – 105 Days (+22 days vs. last month)

Median Sale Price – $2,062,000 (-$90,500 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 10/10/22– 4 (+1 vs. last month)

Median Days on Market – 129 Days (+28 days vs. last month)

Median List Price – $2,427,499 (+$32,499 vs. last month)

Sold Properties in September – 12 (-2 vs. last month)

Median Days on Market – 88 Days (+12 days vs. last month)

Median Sale Price – $1,612,500 (+$638,000 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Real Estate Market Report – Cape May County – August 2022

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of July 2022 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of September 6th, 2022

In the month of August, the City of Cape May saw a notable rise in median list price in the amount of $247,000 compared to the previous month. West Cape May & Cape May Point both saw the median list price drop for the month compared to the previous month.

Days on Market for active properties to start off September rose significantly besides the City of Cape May that only saw a modest 5 day increase. For all three areas the median sale price rose noticeably, especially in Cape May Point that saw a $607,500 increase compared to July.

Cape May

Active SFH Listings as of 9/06/22– 34 (+3 vs. last month)

Median Days on Market – 60 Days (+5 days vs. last month)

Median List Price – $2,122,000 (+$247,000 vs. last month)

Sold Properties in August – 11 (+1 vs. last month)

Median Days on Market – 102 Days (+14 days vs. last month)

Median Sale Price – $1,630,000 (+$105,000 vs. last month)

West Cape May

Active SFH Listings as of 9/06/22– 9 (+2 vs. last month)

Median Days on Market – 106 Days (+29 days vs. last month)

Median List Price – $999,750 (-$250,250 vs. last month)

Sold Properties in August – 2 (+1 vs. last month)

Median Days on Market – 120 Days (+70 days vs. last month)

Median Sale Price – $1,017,500 (+$102,500 vs. last month)

Cape May Point

Active SFH Listings as of 9/06/22– 6 (-2 vs. last month)

Median Days on Market – 115 Days (+36 Days vs. last month)

Median List Price – $1,549,450 (-$62,550 vs. last month)

Sold Properties in August – 3 (-1 vs. last month)

Median Days on Market – 80 (+24 Days vs. last month)

Median Sale Price – $1,420,000 (+$607,500 vs. last month)

Across Cape May County to begin September there wasn’t a huge shift in active listings compared to July. Most areas saw a rise in median days on market, but otherwise sale prices and the number of active listings remained steady.

Properties that sold in August for most of of the county aside from the Cape May Area and Middle Township saw drops in the median sale prices month-over-month. The number of properties increased in most areas in the county as well aside from Lower Township and the Wildwoods/Diamond Beach.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 9/06/22– 49 (+3 vs. last month)

Median Days on Market – 83 Days (+21 Days vs. last month)

Median List Price – $1,600,000 (+$3,000 vs. last month)

Sold Properties in August – 16 (+1 vs. last month)

Median Days on Market – 107 Days (+22 days vs. last month)

Median Sale Price – $1,490,000 (+$515,000 vs. last month)

Lower Township

Active SFH Listings as of 9/06/22– 104 (-3 vs. last month)

Median Days on Market – 56 Days (+9 days vs. last month)

Median List Price – $399,900 (-$20,900 vs. last month)

Sold Properties in August – 31 (-9 vs. last month)

Median Days on Market – 63 Days (+9 days vs. last month)

Median Sale Price – $380,000 (-$9,000 vs. last month)

Middle Township

Active SFH Listings as of 9/06/22– 77 (-1 vs. last month)

Median Days on Market – 60 Days (-8 days vs. last month)

Median List Price – $485,000 (+$67,500 vs last month)

Sold Properties in August – 25 (+4 vs. last month)

Median Days on Market – 73 Days (-27 days vs. last month)

Median Sale Price – $331,500 (+$16,500 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 9/06/22– 54 (-5 vs. last month)

Median Days on Market – 83 Days (+32 Days vs. last month)

Median List Price – $787,250 (+$87,350 vs. last month)

Sold Properties in August – 49 (-2 vs. last month)

Median Days on Market – 65 Days (+2 days vs. last month)

Median Sale Price – $405,000 (-$165,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 9/06/22– 52 (+0 vs. last month)

Median Days on Market – 61 Days (+18 days vs. last month)

Median List Price – $384,900 (+$25,900 vs. last month)

Sold Properties in August – 25 (+13 vs. last month)

Median Days on Market – 77 Days (+7 days vs. last month)

Median Sale Price – $330,000 (-$33,000 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 9/06/22– 73 (+6 vs. last month)

Median Days on Market – 75 Days (+14 days vs. last month)

Median List Price – $3,985,000 (-$310,000 vs. last month)

Sold Properties in August – 25 (+14 vs. last month)

Median Days on Market – 83 Days (-16 days vs. last month)

Median Sale Price – $2,152,500 (-$642,500 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 9/06/22– 3 (+0 vs. last month)

Median Days on Market – 101 Days (+34 days vs. last month)

Median List Price – $2,395,000 (+0 vs. last month)

Sold Properties in August – 14 (+4 vs. last month)

Median Days on Market – 76 Days (+3 days vs. last month)

Median Sale Price – $974,500 (-$615,500 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Real Estate Market Report – Cape May County – July 2022

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of July 2022 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of August 3rd, 2022

In the immediate Cape May area the trend for the month of July for sold properties was a mixed bag. The Borough of Cape May Point saw 4 properties sell in the month of July, the first to sell since the month of May. The City of Cape May saw a drop in the number of properties closing during the month and West Cape May remained the same. To begin August the total number of listings saw an uptick, specifically in the City of Cape May.

Cape May

Active SFH Listings as of 8/03/22– 31 (+9 vs. last month)

Median Days on Market – 55 Days (+7 days vs. last month)

Median List Price – $1,875,000 (-$220,000 vs. last month)

Sold Properties in July – 10 (-4 vs. last month)

Median Days on Market – 88 Days (+22 days vs. last month)

Median Sale Price – $1,525,000 (+$225,000 vs. last month)

West Cape May

Active SFH Listings as of 8/03/22– 7 (+2 vs. last month)

Median Days on Market – 77 Days (-46 days vs. last month)

Median List Price – $1,250,000 (+$0 vs. last month)

Sold Properties in July – 1 (+0 vs. last month)

Median Days on Market – 50 Days (-151 days vs. last month)

Median Sale Price – $915,000 (+$535,000 vs. last month)

Cape May Point

Active SFH Listings as of 8/03/22– 8 (+0 vs. last month)

Median Days on Market – 81 Days (+34 Days vs. last month)

Median List Price – $1,612,000 (+$27,000 vs. last month)

Sold Properties in July – 4 (+4 vs. last month)

Median Days on Market – 56 (-354 Days vs. May)

Median Sale Price – $812,500 (-$587,450 vs. May)

Across most of Cape May County during the month of July we saw a reduction in the number of properties closing versus the previous month along with the numbers of days on market prior to closing raising as well.

To begin August most areas saw a drop in asking prices and median days on market values rising. The total number of listings rose across the board aside from Middle Township that saw a small drop and Sea Isle City that remained the same.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 8/03/22– 46 (+9 vs. last month)

Median Days on Market – 62 Days (+12 Days vs. last month)

Median List Price – $1,597,000 (-$92,000 vs. last month)

Sold Properties in July – 15 (+0 vs. last month)

Median Days on Market – 85 Days (+14 days vs. last month)

Median Sale Price – $975,000 (-$125,000 vs. last month)

Lower Township

Active SFH Listings as of 8/03/22– 107 (+0 vs. last month)

Median Days on Market – 47 Days (+8 days vs. last month)

Median List Price – $399,900 (-$25,000 vs. last month)

Sold Properties in July – 40 (-8 vs. last month)

Median Days on Market – 54 Days (-7 days vs. last month)

Median Sale Price – $389,000 (+$2,556 vs. last month)

Middle Township

Active SFH Listings as of 8/03/22– 78 (-6 vs. last month)

Median Days on Market – 68 Days (+17 days vs. last month)

Median List Price – $417,500 (+$12,550 vs last month)

Sold Properties in July – 21 (-17 vs. last month)

Median Days on Market – 100 Days (+37 days vs. last month)

Median Sale Price – $315,000 (-$52,500 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 8/03/22– 59 (+7 vs. last month)

Median Days on Market – 51 Days (+11 Days vs. last month)

Median List Price – $699,900 (-$47,550 vs. last month)

Sold Properties in July – 51 (-7 vs. last month)

Median Days on Market – 63 Days (-+7 days vs. last month)

Median Sale Price – $570,000 (+$55,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 8/03/22– 52 (+2 vs. last month)

Median Days on Market – 43 Days (+6 days vs. last month)

Median List Price – $359,000 (-$40,949 vs. last month)

Sold Properties in July – 12 (-2 vs. last month)

Median Days on Market – 70 Days (+8 days vs. last month)

Median Sale Price – $363,000 (+$102,050 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 8/03/22– 67 (+6 vs. last month)

Median Days on Market – 61 Days (+7 days vs. last month)

Median List Price – $4,295,000 (+$20,000 vs. last month)

Sold Properties in July – 11 (-5 vs. last month)

Median Days on Market – 99 Days (+32 days vs. last month)

Median Sale Price – $2,795,000 (+$815,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 8/03/22– 3 (+0 vs. last month)

Median Days on Market – 67 Days (+22 days vs. last month)

Median List Price – $2,395,000 (+0 vs. last month)

Sold Properties in July – 10 (-7 vs. last month)

Median Days on Market – 73 Days (+3 days vs. last month)

Median Sale Price – $1,590,000 (+$240,000 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.

Real Estate Market Report – Cape May County – June 2022

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of June 2022 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of July 2nd, 2022. Data is compiled from the Cape May County MLS and is deemed and accurate snapshot of the area’s market statistics, however does not include any sales outside of this MLS.

The trend in Cape May, West Cape May, and Cape May Point for the month of June was fewer properties closing than the month prior and to end the month less active properties on the market.

The City of Cape May saw the median list & sale price rise month over month. West Cape May saw a dramatic drop in median sale price, however given the small 1 sample size(1 property) this isn’t abnormal to see month-to-month. Lastly, Cape May Point saw no properties close in June which has happened several months over the past year+ given the low amount of inventory. The 8 active listings in Cape May Point for the second month in a row is the highest the area has seen in well over a year.

Cape May

Active SFH Listings as of 7/02/22 – 22 (-3 vs. last month)

Median Days on Market – 48 Days (+10 days vs. last month)

Median List Price – $2,095,000 (+$100,000 vs. last month)

Sold Properties in June – 14 (-1 vs. last month)

Median Days on Market – 66 Days (+11 days vs. last month)

Median Sale Price – $1,300,000 (+$490,900 vs. last month)

West Cape May

Active SFH Listings as of 7/02/22 – 5 (-2 vs. last month)

Median Days on Market – 123 Days (+57 days vs. last month)

Median List Price – $1,250,000 (+$355,000 vs. last month)

Sold Properties in June – 1 (-5 vs. last month)

Median Days on Market – 201 Days (+139 days vs. last month)

Median Sale Price – $380,000 (-$637,500 vs. last month)

Cape May Point

Active SFH Listings as of 7/02/22 – 8 (+0 vs. last month)

Median Days on Market – 47 Days (+25 Days vs. last month)

Median List Price – $1,585,500 (-$140,000 vs. last month)

Sold Properties in June – 0 (-2 vs. last month)

Median Days on Market – N/A (+358 Days in May)

Median Sale Price – N/A ($1,399,950 in May)

Looking across the entire county there isn’t a clear trend regarding active listings to begin July compared to the previous month and properties that sold during the month of June. Across the board there were small changes in both inventory, median list price, median sold price, and the volume of properties closing during the month.

Aside from the Cape May area every other area tracked in the above graphic did see either an increase in active properties or no change month-over-month.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 7/02/22 – 35 (-5 vs. last month)

Median Days on Market – 50 Days (+13 Days vs. last month)

Median List Price – $1,689,000 (-$23,000 vs. last month)

Sold Properties in June – 15 (-10 vs. last month)

Median Days on Market – 71 Days (+14 days vs. last month)

Median Sale Price – $1,100,000 (+$239,083 vs. last month)

Lower Township

Active SFH Listings as of 7/02/22 – 107 (+14 vs. last month)

Median Days on Market – 39 Days (+14 days vs. last month)

Median List Price – $424,900 (-$50,100 vs. last month)

Sold Properties in June – 48 (+2 vs. last month)

Median Days on Market – 63 Days (+7 days vs. last month)

Median Sale Price – $386,444 (-$33,506 vs. last month)

Middle Township

Active SFH Listings as of 7/02/22 – 84 (+11 vs. last month)

Median Days on Market – 51 Days (+8 days vs. last month)

Median List Price – $404,950 (+$15,050 vs last month)

Sold Properties in June – 38 (-9 vs. last month)

Median Days on Market – 63 Days (-6 days vs. last month)

Median Sale Price – $367,500 (+$57,500 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 7/02/22 – 52 (+0 vs. last month)

Median Days on Market – 40 Days (+0 Days vs. last month)

Median List Price – $747,450 (-$14,550 vs. last month)

Sold Properties in June – 58 (-8 vs. last month)

Median Days on Market – 56 Days (-12 days vs. last month)

Median Sale Price – $515,000 (-$67,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 7/02/22 – 50 (+6 vs. last month)

Median Days on Market – 37 Days (+4 days vs. last month)

Median List Price – $399,949 (+$65,499 vs. last month)

Sold Properties in June – 14 (-6 vs. last month)

Median Days on Market – 62 Days (+4 days vs. last month)

Median Sale Price – $260,950 (+$110,000 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 7/02/22 – 61 (+6 vs. last month)

Median Days on Market – 54 Days (+9 days vs. last month)

Median List Price – $4,275,000 (-$220,000 vs. last month)

Sold Properties in June – 16 (-10 vs. last month)

Median Days on Market – 67 Days (-5 days vs. last month)

Median Sale Price – $2,080,000 (+$547,500 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 7/02/22 – 3 (+0 vs. last month)

Median Days on Market – 35 Days (+29 days vs. last month)

Median List Price – $2,395,000 (+0 vs. last month)

Sold Properties in June – 17 (-4 vs. last month)

Median Days on Market – 70 Days (-46 days vs. last month)

Median Sale Price – $1,350,000 (-$300,000 vs. last month)

Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property

This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.