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.

Real Estate Market Report – Cape May County – May 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 May 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 June 3rd, 2022

Across Cape May, West Cape May, and Cape May Point each area saw a rise in the total number of active listings to start June 2022. The number of properties that sold during the month of May also rose in all three areas. Overall the current days-on-market value for active listings remains at historic lows.

Looking at the entire county, the trend of active listings being more plentiful compared to previous months holds true for across the county. Asking prices to start June fluctuate slightly depending on the specific area, but remain comparable to earlier in 2022. Sold properties for the month of May trend much higher in and close to Cape May while Wildwood up through Avalon saw a dip in the number of properties that sold during May.

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

Active SFH Listings as of 6/03/22 – 40 (+13 vs. last month)

Median Days on Market – 37 Days (-5 Days vs. last month)

Median List Price – $1,712,000 (-$137,900 vs. last month)

Sold Properties in May – 25 (+5 vs. last month)

Median Days on Market – 57 Days (-92 days vs. last month)

Median Sale Price – $860,917 (-$135,857 vs. last month)

Cape May

Active SFH Listings as of 6/03/22 – 25 (+6 vs. last month)

Median Days on Market – 38 Days (+7 days vs. last month)

Median List Price – $1,995,000 (-$184,000 vs. last month)

Sold Properties in May – 15 (+1 vs. last month)

Median Days on Market – 55 Days (-95 days vs. last month)

Median Sale Price – $809,010 (-$339,377 vs. last month)

West Cape May

Active SFH Listings as of 6/03/22 –7 (+2 vs. last month)

Median Days on Market – 66 Days (+0 days vs. last month)

Median List Price – $895,000 (+$96,000 vs. last month)

Sold Properties in May – 6 (+3 vs. last month)

Median Days on Market – 62 Days (-8 days vs. last month)

Median Sale Price – $1,017,500 (+$157,500 vs. last month)

Cape May Point

Active SFH Listings as of 6/03/22 – 8 (+5 vs. last month)

Median Days on Market – 22 Days (+7 Days vs. last month)

Median List Price – $1,724,500 (-$325,500 vs. last month)

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

Median Days on Market – 358 Days (+341 Days vs. March)

Median Sale Price – $1,399,950 (-$770,800 vs. March)

Lower Township

Active SFH Listings as of 6/03/22 – 93 (+24 vs. last month)

Median Days on Market – 25 Days (+2 days vs. last month)

Median List Price – $470,000 (+$40,100 vs. last month)

Sold Properties in May – 46 (+5 vs. last month)

Median Days on Market – 56 Days (+2 days vs. last month)

Median Sale Price – $419,950 (+$102,450 vs. last month)

Middle Township

Active SFH Listings as of 6/03/22 – 73 (+5 vs. last month)

Median Days on Market – 43 Days (-1 days vs. last month)

Median List Price – $389,900 (-$52,550 vs last month)

Sold Properties in May – 47 (+25 vs. last month)

Median Days on Market – 69 Days (+11 days vs. last month)

Median Sale Price – $310,000 (-$52,500 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 6/03/22 – 52 (+13 vs. last month)

Median Days on Market – 40 Days (+11 Days vs. last month)

Median List Price – $762,000 (-$88,000 vs. last month)

Sold Properties in May – 66 (-10 vs. last month)

Median Days on Market – 68 Days (-10 days vs. last month)

Median Sale Price – $582,000 (+$117,500 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 6/03/22 – 44 (+9 vs. last month)

Median Days on Market – 33 Days (+9 days vs. last month)

Median List Price – $334,450 (-$40,549 vs. last month)

Sold Properties in May – 20 (+3 vs. last month)

Median Days on Market – 58 Days (-13 days vs. last month)

Median Sale Price – $150,950 (-$89,050 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 6/03/22 – 55 (+11 vs. last month)

Median Days on Market – 45 Days (+12 days vs. last month)

Median List Price – $4,495,000 (+$257,500 vs. last month)

Sold Properties in May – 26 (-2 vs. last month)

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

Median Sale Price – $1,532,500 (-$155,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 6/03/22 – 3 (+0 vs. last month)

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

Median List Price – $2,395,000 (-$200,000 vs. last month)

Sold Properties in May – 21 (-1 vs. last month)

Median Days on Market – 116 Days (+29 days vs. last month)

Median Sale Price – $1,650,000 (+$152,500 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 – April 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 April 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 May 6th, 2022

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

Active SFH Listings as of 5/06/22 – 27 (+7 vs. last month)

Median Days on Market – 42 Days (+15 Days vs. last month)

Median List Price – $1,849,900 (+$125,900 vs. last month)

Sold Properties in April – 17 (-2 vs. last month)

Median Days on Market – 149 Days (+42 days vs. last month)

Median Sale Price – $996,774 (+$78,004 vs. last month)

Cape May

Active SFH Listings as of 5/06/22 – 19 (+7 vs. last month)

Median Days on Market – 31 Days (+10 days vs. last month)

Median List Price – $2,179,000 (+$184,000 vs. last month)

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

Median Days on Market – 150 Days (+43 days vs. last month)

Median Sale Price – $1,148,387 (+$229,617 vs. last month)

West Cape May

Active SFH Listings as of 5/06/22 – 5 (-2 vs. last month)

Median Days on Market – 66 Days (+35 days vs. last month)

Median List Price – $799,000 (+$0 vs. last month)

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

Median Days on Market – 70 Days (-110 days vs. last month)

Median Sale Price – $860,000 (+$0 vs. last month)

Cape May Point

Active SFH Listings as of 5/06/22 – 3 (+2 vs. last month)

Median Days on Market – 15 Days (-49 Days vs. last month)

Median List Price – $2,050,000 (+$200,000 vs. last month)

Sold Properties in April – 0 (-1 vs. last month)

Median Days on Market – N/A Days (17 Days in March)

Median Sale Price – N/A ($2,170,750 in March)

Lower Township

Active SFH Listings as of 5/06/22 – 69 (+19 vs. last month)

Median Days on Market – 23 Days (+6 days vs. last month)

Median List Price – $429,900 (-$15,000 vs. last month)

Sold Properties in April – 41 (+4 vs. last month)

Median Days on Market – 54 Days (-19 days vs. last month)

Median Sale Price – $317,500 (-$42,500 vs. last month)

Middle Township

Active SFH Listings as of 5/06/22 – 68 (+8 vs. last month)

Median Days on Market – 44 Days (-2 days vs. last month)

Median List Price – $442,450 (+$0 vs last month)

Sold Properties in April – 22 (-10 vs. last month)

Median Days on Market – 58 Days (+0 days vs. last month)

Median Sale Price – $362,500 (+$27,500 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 5/06/22 – 39 (+10 vs. last month)

Median Days on Market – 29 Days (-21 Days vs. last month)

Median List Price – $850,000 (-$49,900 vs. last month)

Sold Properties in April – 76 (-23 vs. last month)

Median Days on Market – 78 Days (-17 days vs. last month)

Median Sale Price – $467,500 (+$22,500 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 5/06/22 – 35 (+13 vs. last month)

Median Days on Market – 24 Days (-39 days vs. last month)

Median List Price – $374,999 (+$101,349 vs. last month)

Sold Properties in April – 17 (-10 vs. last month)

Median Days on Market – 71 Days (-35 days vs. last month)

Median Sale Price – $240,000 (-$150,000 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 5/06/22 – 44 (+16 vs. last month)

Median Days on Market – 33 Days (-6 days vs. last month)

Median List Price – $4,237,500 (-$657,500 vs. last month)

Sold Properties in April – 28 (+10 vs. last month)

Median Days on Market – 79 Days (+19 days vs. last month)

Median Sale Price – $1,687,500 (-$490,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 5/06/22 – 3 (-1 vs. last month)

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

Median List Price – $2,595,000 (+$67,501 vs. last month)

Sold Properties in April – 22 (-1 vs. last month)

Median Days on Market – 87 Days (-52 days vs. last month)

Median Sale Price – $1,497,500 (-$2,500 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 – March 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 March 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 April 2nd, 2022

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

Active SFH Listings as of 4/02/22 – 20 (+7 vs. last month)

Median Days on Market – 27 Days (-7 Days vs. last month)

Median List Price – $1,724,000 (-$26,000 vs. last month)

Sold Properties in March – 19 (+11 vs. last month)

Median Days on Market – 107 Days (-5 days vs. last month)

Median Sale Price – $918,770 (+$156,270 vs. last month)

Cape May

Active SFH Listings as of 4/02/22 – 12 (+5 vs. last month)

Median Days on Market – 21 Days (-82 days vs. last month)

Median List Price – $1,995,000 (+$100,000 vs. last month)

Sold Properties in March – 15 (+8 vs. last month)

Median Days on Market – 107 Days (+9 days vs. last month)

Median Sale Price – $918,770 (+$193,770 vs. last month)

West Cape May

Active SFH Listings as of 4/02/22 – 7 (+4 vs. last month)

Median Days on Market – 31 Days (-48 days vs. last month)

Median List Price – $799,000 (-$100,000 vs. last month)

Sold Properties in March – 3 (+2 vs. last month)

Median Days on Market – 180 Days (-130 days vs. last month)

Median Sale Price – $860,000 (-$190,000 vs. last month)

Cape May Point

Active SFH Listings as of 4/02/22 – 1 (-2 vs. last month)

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

Median List Price – $1,850,000 (+$0 vs. last month)

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

Median Days on Market – 17 Days (-107 Days vs. Dec.)

Median Sale Price – 2,170,750 (+$588,250 vs. Dec)

Lower Township

Active SFH Listings as of 4/02/22 – 50 (+6 vs. last month)

Median Days on Market – 17 Days (-19 days vs. last month)

Median List Price – $444,900 (+$50,400 vs. last month)

Sold Properties in March – 37 (+6 vs. last month)

Median Days on Market – 73 Days (-1 days vs. last month)

Median Sale Price – $360,000 (+$27,000 vs. last month)

Middle Township

Active SFH Listings as of 4/02/22 – 60 (+6 vs. last month)

Median Days on Market – 46 Days (-18 days vs. last month)

Median List Price – $442,450 (+$58,000 vs last month)

Sold Properties in March – 32 (+8 vs. last month)

Median Days on Market – 58 Days (-56 days vs. last month)

Median Sale Price – $335,000 (-$7,000 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 4/02/22 – 29 (-7 vs. last month)

Median Days on Market – 50 Days (+2 Days vs. last month)

Median List Price – $899,900 (+$117,450 vs. last month)

Sold Properties in March – 99 (+26 vs. last month)

Median Days on Market – 95 Days (-33 days vs. last month)

Median Sale Price – $445,000 (+$65,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 4/02/22 – 22 (-6 vs. last month)

Median Days on Market – 63 Days (+11 days vs. last month)

Median List Price – $273,650 (-$71,300 vs. last month)

Sold Properties in March – 27 (+14 vs. last month)

Median Days on Market – 106 Days (+20 days vs. last month)

Median Sale Price – $390,000 (+$95,000 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 4/02/22 – 28 (+6 vs. last month)

Median Days on Market – 39 Days (-96 days vs. last month)

Median List Price – $4,895,000 (-$2,500 vs. last month)

Sold Properties in March – 18 (+0 vs. last month)

Median Days on Market – 60 Days (-34 days vs. last month)

Median Sale Price – $2,177,500 (+$15,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 4/02/22 – 4 (-1 vs. last month)

Median Days on Market – 44 Days (+27 days vs. last month)

Median List Price – $2,527,499 (+$127,599 vs. last month)

Sold Properties in March – 23 (+17 vs. last month)

Median Days on Market – 139 Days (+14 days vs. last month)

Median Sale Price – $1,500,000 (-$275,000 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 – February 2022

It is market report time! Here’s a quick Real Estate market report of most of Cape May County and also a more in depth view focusing on Cape May, West Cape May, and Cape May Point. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of February 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 March 1st, 2022

Cape May

Active SFH Listings as of 3/01/22 – 7 (-2 vs. last month)

Median Days on Market – 103 Days (+23 days vs. last month)

Median List Price – $1,895,000 (+$146,000 vs. last month)

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

Median Days on Market – 98 Days (+32 days vs. last month)

Median Sale Price – $725,000 (-$350,000 vs. last month)

West Cape May

Active SFH Listings as of 3/01/22 – 3 (-1 vs. last month)

Median Days on Market – 79 Days (+30 days vs. last month)

Median List Price – $899,000 (-$25,500 vs. last month)

Sold Properties in February – 1 (-6 vs. last month)

Median Days on Market – 310 Days (+229 days vs. last month)

Median Sale Price – $1,050,000 (-$145,000 vs. last month)

Cape May Point

Active SFH Listings as of 3/01/22 – 3 (+2 vs. last month)

Median Days on Market – 10 Days (+2 Days vs last month)

Median List Price – $1,850,000 (+$0 vs. last month)

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

Median Days on Market – N/A (124 Days in Dec)

Median Sale Price – N/A ($1,582,500 in Dec)

Below, lets take a broader look across most of Cape May County for the month of February.

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

Active SFH Listings as of 3/01/22 – 13 (-1 vs. last month)

Median Days on Market – 34 Days (-15 Days vs. last month)

Median List Price – $1,750,000 (+$153,000 vs. last month)

Sold Properties in February – 8 (-16 vs. last month)

Median Days on Market – 112 Days (+41 days vs. last month)

Median Sale Price – $762,500 (-$372,500 vs. last month)

Lower Township

Active SFH Listings as of 3/01/22 – 44 (-2 vs. last month)

Median Days on Market – 36 Days (-15 days vs. last month)

Median List Price – $394,500 (+$50 vs. last month)

Sold Properties in February – 31 (+3 vs. last month)

Median Days on Market – 74 Days (-9 days vs. last month)

Median Sale Price – $333,000 (-$52,000 vs. last month)

Middle Township

Active SFH Listings as of 3/01/22 – 54 (+7 vs. last month)

Median Days on Market – 64 Days (-26 days vs. last month)

Median List Price – $384,450 (+$10,550 vs last month)

Sold Properties in February – 24 (+7 vs. last month)

Median Days on Market – 114 Days (+20 days vs. last month)

Median Sale Price – $342,000 (+$43,000 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 3/01/22 – 36 (+6 vs. last month)

Median Days on Market – 48 Days (-43 Days vs. last month)

Median List Price – $782,450 (-$87,049 vs. last month)

Sold Properties in February – 73 (+14 vs. last month)

Median Days on Market – 128 Days (+33 days vs. last month)

Median Sale Price – $380,000 (-$5,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 3/01/22 – 28 (+2 vs. last month)

Median Days on Market – 52 Days (-91 days vs. last month)

Median List Price – $344,950 (+$125,451 vs. last month)

Sold Properties in February – 13 (-4 vs. last month)

Median Days on Market – 86 Days (-1 day vs. last month)

Median Sale Price – $295,000 (+$44,000 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 3/01/22 – 22 (-5 vs. last month)

Median Days on Market – 135 Days (+16 days vs. last month)

Median List Price – $4,897,500 (+$2,500 vs. last month)

Sold Properties in February – 18 (-6 vs. last month)

Median Days on Market – 94 Days (-6 days vs. last month)

Median Sale Price – $2,162,500 (-$210,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 3/01/22 – 5 (+1 vs. last month)

Median Days on Market – 17 Days (-48 days vs. last month)

Median List Price – $2,399,900 (-$1,047,550 vs. last month)

Sold Properties in February – 6 (-8 vs. last month)

Median Days on Market – 125 Days (+33 days vs. last month)

Median Sale Price – $1,775,000 (+$429,000 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.

Cape May Real Estate Market Report – January 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 January 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 February 5th, 2022.

Cape May

Active SFH Listings as of 2/05/22 – 9 (+0 vs. last month)

Median Days on Market – 80 Days (+25 days vs. last month)

Median List Price – $1,749,000 (+$0 vs. last month)

Sold Properties in January – 17 (+1 vs. last month)

Median Days on Market – 64 Days (-28 days vs. last month)

Median Sale Price – $1,075,000 (-$360,000 vs. last month)

West Cape May

Active SFH Listings as of 2/05/22 – 4 (-1 vs. last month)

Median Days on Market – 49 Days (-93 days vs. last month)

Median List Price – $924,500 (-$325,500 vs. last month)

Sold Properties in January – 7 (+3 vs. last month)

Median Days on Market – 81 Days (-115 days vs. last month)

Median Sale Price – $1,195,000 (+$121,000 vs. last month)

Cape May Point

Active SFH Listings as of 2/05/22 – 1 (+0 vs. last month)

Median Days on Market – 8 Days (-21 Days vs last month)

Median List Price – $1,850,000 (+$350,100 vs. last month)

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

Median Days on Market – N/A (124 Days in Dec)

Median Sale Price – N/A ($1,582,500 in Dec)

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 – January 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 January 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 February 5th, 2022.

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

Active SFH Listings as of 2/05/22 – 14 (-1 vs. last month)

Median Days on Market – 49 Days (-3 Days vs. last month)

Median List Price – $1,597,000 (+$98,000 vs. last month)

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

Median Days on Market – 71 Days (-43 days vs. last month)

Median Sale Price – $1,135,000 (-$84,500 vs. last month)

Lower Township

Active SFH Listings as of 2/05/22 – 46 (-10 vs. last month)

Median Days on Market – 51 Days (+3 days vs. last month)

Median List Price – $394,450 (+$12,125 vs. last month)

Sold Properties in January – 28 (-21 vs. last month)

Median Days on Market – 83 Days (+6 days vs. last month)

Median Sale Price – $385,000 (+$60,000 vs. last month)

Middle Township

Active SFH Listings as of 2/05/22 – 47 (-7 vs. last month)

Median Days on Market – 92 Days (+7 days vs. last month)

Median List Price – $395,000 (+$18,000 vs last month)

Sold Properties in January – 17 (-15 vs. last month)

Median Days on Market – 94 Days (+22 days vs. last month)

Median Sale Price – $299,000 (+$0 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 2/05/22 – 30 (-2 vs. last month)

Median Days on Market – 91 Days (-11 Days vs. last month)

Median List Price – $869,499 (+$71,999 vs. last month)

Sold Properties in January – 59 (-30 vs. last month)

Median Days on Market – 95 Days (+12 days vs. last month)

Median Sale Price – $385,000 (-$90,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 2/05/22 – 26 (-13 vs. last month)

Median Days on Market – 143 Days (+48 days vs. last month)

Median List Price – $219,499 (-$99,501 vs. last month)

Sold Properties in January – 17 (-3 vs. last month)

Median Days on Market – 87 Days (+1 day vs. last month)

Median Sale Price – $251,000 (-$31,500 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 2/05/22 – 27 (-6 vs. last month)

Median Days on Market – 119 Days (+29 days vs. last month)

Median List Price – $4,895,000 (+$900,000 vs. last month)

Sold Properties in January – 24 (-11 vs. last month)

Median Days on Market – 100 Days (+12 days vs. last month)

Median Sale Price – $2,372,500 (-$37,500 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 2/05/22 – 4 (+1 vs. last month)

Median Days on Market – 65 Days (-26 days vs. last month)

Median List Price – $3,447,450 (-$1,052,550 vs. last month)

Sold Properties in January – 14 (-5 vs. last month)

Median Days on Market – 92 Days (+6 days vs. last month)

Median Sale Price – $1,346,000 (-$99,000 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.

Villas, NJ – Market Recap 2016-2021 – Average Sale Price

Villas, New Jersey is located with Lower Township at the southern tip of Cape May County. The area is primarily residential and consisting of single family homes. Businesses & commercial properties are concentered along the main road bisecting Villas called Bayshore Road. Take a look at Villas real estate market trends below for the average sale price and the number of properties having been sold in Villas from 2016 to 2021.

2021 saw the average selling price of a Villas property rise dramatically by $68,134 (26.7%) compared to 2020’s average sale price. Compared to 2016 the average selling price has risen by nearly 103% / $163,649!!! During this time the number of properties selling has risen from 220 in 2016 and peaking at 327 in 2020.

In 2021 the number of properties sold dropped slightly to 308 due to low inventory. The number of properties coming onto the market dipped and was far outpaced by the number of buyers looking to purchase in the area.

Above is a look at the Cape May Beach area located within Villas. This specific area is the southern most portion of Villas and is nestled between the Delaware Bay and Cox Hall Creek Wildlife Management area. Much like the greater Villas area, Cape May Beach saw a dramatic rise in property values starting in 2020 and peaking in 2021.

The average sale price skyrocketed by 50.7% / $230,529 between 2020 and 2021. The number of properties sold lowered slightly from 27 down to 22 between the two years.

Are you a homeowner in the area thinking of selling? Or just curious on your property’s market value? Give us a call at 609-884-5005 or inquire at info@coastlinerealty.com, or contact one of our agents directly at this link: https://www.coastlinerealty.com/our-agents.

We are Cape May’s top selling real estate office (2012-2021). We can get you the best offers for your home! Call us today to see the Coastline difference and how we can take you from LISTED to SOLD!!

Date provided in this article was taken from the Cape May County Multiple Listing System and is considered accurate, but no guaranteed.

Cape May Real Estate Market Report – December 2021

Market Report! Here’s a quick Real Estate market report of Cape May City, West Cape May, and Cape May Point. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of December 2021 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 4th, 2022.

In the month of December the City of Cape May saw the number of properties selling drop compared to Cape May Point & West Cape May which saw numbers rise. To begin new New Year the number of active single family home properties remains extremely low across the Cape May Area & market values remain at all time highs.

Cape May

Active SFH Listings as of 1/04/22 – 9 (-5 vs. last month)

Median Days on Market – 55 Days (-49 days vs. last month)

Median List Price – $1,749,000 (-$601,000 vs. last month)

Sold Properties in December – 16 (-7 vs. last month)

Median Days on Market – 92 Days (+12 days vs. last month)

Median Sale Price – $1,435,000 (-$58,755 vs. last month)

West Cape May

Active SFH Listings as of 1/04/22 – 5 (+1 vs. last month)

Median Days on Market – 142 Days (-27 days vs. last month)

Median List Price – $1,250,000 (+$115,001 vs. last month)

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

Median Days on Market – 196 Days (-36 days vs. last month)

Median Sale Price – $1,074,000 (+$264,000 vs. last month)

Cape May Point

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

Median Days on Market – 29 Days (-70 Days vs. Oct)

Median List Price – $1,499,900 (+$500,900 vs. Oct)

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

Median Days on Market – 124 (-56 Days vs last month)

Median Sale Price – $1,582,500 (-$767,500 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.