Real Estate Market Report – Cape May County – January 2021

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties in the month of January 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 February 2^nd, 2021.

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

Active SFH Listings as of 02/02/21– 42 (-1 vs. last month)

Median Days on Market – 108 Days (+21 Days vs. last month)

Median List Price – $1,650,000 (+0 vs. last month)

Sold Properties in January – 22 (-12 vs. last month)

Median Days on Market – 88 Days (+15 days vs. last month)

Median Sale Price – $838,773 (-$160,727 vs. last month)

Lower Township

Active SFH Listings as of 02/02/21– 62 (+7 vs. last month)

Median Days on Market – 25 Days (-28 days vs. last month)

Median List Price – $349,450 (-$20,450 vs. last month)

Sold Properties in January – 38 (-18 vs. last month)

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

Median Sale Price – $370,000 (+$89,000 vs. last month)

Middle Township

Active SFH Listings as of 02/02/21– 54 (-11 vs. last month)

Median Days on Market – 88 Days (+6 days vs. last month)

Median List Price – $304,900 (+$25,900 vs last month)

Sold Properties in January – 19 (-14 vs. last month)

Median Days on Market – 119 Days (+8 days vs. last month)

Median Sale Price – $239,000 (-$6,000 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 02/02/21– 35 (+0 vs. last month)

Median Days on Market – 74 Days (-6 vs. last month)

Median List Price – $675,000 (-$126,000 vs. last month)

Sold Properties in January – 69 (-37 vs. last month)

Median Days on Market – 86 Days (+22 days vs. last month)

Median Sale Price – $379,900 (+$17,400 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 02/02/21– 48 (-10 vs. last month)

Median Days on Market – 83 Days (-7 days vs. last month)

Median List Price – $267,450 (-$39,950 vs. last month)

Sold Properties in January – 6 (-4 vs. last month)

Median Days on Market – 128 Days (+59 Days vs. last month)

Median Sale Price – $319,950 (+$98,950 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 02/02/21– 45 (-8 vs. last month)

Median Days on Market – 121 Days (+14 days vs. last month)

Median List Price – $3,395,000 (+$245,000 vs. last month)

Sold Properties in January – 26 (-22 vs. last month)

Median Days on Market – 144 Days (+28 days vs. last month)

Median Sale Price – $1,639,500 (-$460,500 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 02/02/21– 5 (-3 vs. last month)

Median Days on Market – 118 Days (+32 days vs. last month)

Median List Price – $2,350,000 (-$225,550 vs. last month)

Sold Properties in January – 17 (-16 vs. last month)

Median Days on Market – 86 Days (+8 days vs. last month)

Median Sale Price – $830,000 (-$80,000 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.

January 11, 2021August 10, 2022

Real Estate Market Report – December 2020 – Cape May / West Cape May / Cape May Point

Market Report! Here’s a quick Real Estate market report focusing on the City of Cape May, the Borough of West Cape May, and the Borough of Cape May Point. Included is a recap of all sold properties in the month of December 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 3rd 2020.

Cape May

Active SFH Listings as of 01/03/21– 34 (-1)

Median Days on Market – 86 Days (+30)

Median List Price – $1,650,000 (-15,000)

Sold Properties in November – 24 (+5 vs. last month)

Median Days on Market – 85 Days (+20 days vs. last month)

Median Sale Price – $867,500 (+$192,500 vs. last month)

West Cape May

Active SFH Listings as of 01/03/21– 5 (-2)

Median Days on Market – 82 Days (+18)

Median List Price – $985,000 (-174,999)

Sold Properties in November – 5 (+2 vs. last month)

Median Days on Market – 58 Days (-63 days vs. last month)

Median Sale Price – $720,000 (+$325,000 vs. last month)

Cape May Point

Active SFH Listings as of 01/03/21– 4 (+0)

Median Days on Market – 79 Days (+2)

Median List Price – $1,925,000 (+350,000)

Sold Properties in November – 5 (+3 vs. last month)

Median Days on Market – 102 Days (-45 days vs. last month)

Median Sale Price – $1,225,000 (+$250,000 vs. last month)

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

January 3, 2021August 10, 2022

Real Estate Market Report – December 2020 – Cape May County

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties in the month of December 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 3rd 2020.

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

Active SFH Listings as of 01/03/21 – 43 (-3 vs. last month)

Median Days on Market – 87 Days (+31 Days vs. last month)

Median List Price – $1,650,000 (+0 vs. last month)

Sold Properties in December – 34 (+10 vs. last month)

Median Days on Market – 73 Days (+7 days vs. last month)

Median Sale Price – $999,500 (+$299,500 vs. last month)

Cape May

Active SFH Listings as of 01/03/21– 34 (-1)

Median Days on Market – 86 Days (+30)

Median List Price – $1,650,000 (-15,000)

Sold Properties in December – 24 (+5 vs. last month)

Median Days on Market – 85 Days (+20 days vs. last month)

Median Sale Price – $867,500 (+$192,500 vs. last month)

West Cape May

Active SFH Listings as of 01/03/21– 5 (-2)

Median Days on Market – 82 Days (+18)

Median List Price – $985,000 (-174,999)

Sold Properties in December – 5 (+2 vs. last month)

Median Days on Market – 58 Days (-63 days vs. last month)

Median Sale Price – $720,000 (+$325,000 vs. last month)

Cape May Point

Active SFH Listings as of 01/03/21– 4 (+0)

Median Days on Market – 79 Days (+2)

Median List Price – $1,925,000 (+350,000)

Sold Properties in December – 5 (+3 vs. last month)

Median Days on Market – 102 Days (-45 days vs. last month)

Median Sale Price – $1,225,000 (+$250,000 vs. last month)

Lower Township

Active SFH Listings as of 01/03/21– 55 (-12 vs. last month)

Median Days on Market – 53 Days (+5 days vs. last month)

Median List Price – $369,900 (+10,000 vs. last month)

Sold Properties in December – 56 (-16 vs. last month)

Median Days on Market – 75 Days (-5 days vs. last month)

Median Sale Price – $281,000 (-$8,350 vs. last month)

Middle Township

Active SFH Listings as of 01/03/21 – 65 (-12 vs. last month)

Median Days on Market – 82 Days (+16 days vs. last month)

Median List Price – $279,000 (-$20,999 vs last month)

Sold Properties in December – 33 (-14 vs. last month)

Median Days on Market – 111 Days (+36 days vs. last month)

Median Sale Price – $245,000 (-$35,000 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 01/03/21 – 35 (-5 vs. last month)

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

Median List Price – $549,000 (-$38,400 vs. last month)

Sold Properties in December– 106 (-4 vs. last month)

Median Days on Market – 64 Days (-8 vs. last month)

Median Sale Price – $362,500(+$30,250 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 01/03/21 – 58 (-10 vs. last month)

Median Days on Market – 90 Days (+13 days vs. last month)

Median List Price – $307,400 (+$8,400 vs. last month)

Sold Properties in December – 10 (-9 vs. last month)

Median Days on Market – 69 Days (-8 Days vs. last month)

Median Sale Price – $221,000 (-$38,900 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 01/03/21 – 53 (-14 vs. last month)

Median Days on Market – 103 Days (+27 days vs. last month)

Median List Price – $3,150,000 (+$50,000 vs. last month)

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

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

Median Sale Price – $2,100,000 (+$302,500 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 01/03/21 – 8 (+1 vs. last month)

Median Days on Market – 86 Days (+30 days vs. last month)

Median List Price – $2,124,450 (-$104,550 vs. last month)

Sold Properties in December – 33 (+3 vs. last month)

Median Days on Market – 78 Days (+3 days vs. last month)

Median Sale Price – $910,000 (+$77,250 vs. last month)

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

December 3, 2020August 10, 2022

Real Estate Market Report – November 2020 – Cape May County

Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties in the month of November for a given area; as well as a current look at the current inventory of single family homes(SFH) in an area as of December 2^nd 2020.

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

Active SFH Listings as of 12/2/20 – 46 (-2 vs. last month)

Median Days on Market – 56 Days (+16 Days vs. last month)

Median List Price – $1,650,000 (+$175,000 vs. last month)

Sold Properties in November – 24

Median Days on Market – 66 Days

Median Sale Price – $700,000

Lower Township

Active SFH Listings as of 12/2/20– 67 (-24 vs. last month)

Median Days on Market – 48 Days (-14 days vs. last month)

Median List Price – $359,900 (+73,900 vs. last month)

Sold Properties in November – 72

Median Days on Market – 80 Days

Median Sale Price – $289,350

Middle Township

Active SFH Listings as of 12/2/20 – 77 (-14 vs. last month)

Median Days on Market – 66 Days (+4 days vs. last month)

Median List Price – $299,999 (+$13,999 vs last month)

Sold Properties in November – 47

Median Days on Market – 75 Days

Median Sale Price – $280,000

The Wildwoods & Diamond Beach

Active SFH Listings as of 12/2/20 – 40 (+2 vs. last month)

Median Days on Market – 50 Days (+12 vs. last month)

Median List Price – $587,400 (-$80,050 vs. last month)

Sold Properties in November – 110

Median Days on Market – 72 Days

Median Sale Price – $331,250

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 12/2/20 – 68 (+2 vs. last month)

Median Days on Market – 73 Days (+12 days vs. last month)

Median List Price – $299,000 (+$20,000 vs. last month)

Sold Properties in November – 19

Median Days on Market – 77 Days

Median Sale Price – $259,900

Avalon & Stone Harbor

Active SFH Listings as of 12/2/20 – 67 (+4 vs. last month)

Median Days on Market – 76 Days (+1 day vs. last month)

Median List Price – $3,100,000 (+$100,000 vs. last month)

Sold Properties in November – 46

Median Days on Market – 87 Days

Median Sale Price – $1,797,500

Sea Isle City & Strathmere

Active SFH Listings as of 12/2/20 – 7 (-5 vs. last month)

Median Days on Market – 56 Days (-22 days vs. last month)

Median List Price – $2,229,000 (+$696,500 vs. last month)

Sold Properties in November – 30

Median Days on Market – 75 Days

Median Sale Price – $832,750

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

November 4, 2020August 10, 2022

Real Estate Market Report – October 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of October 2020. Included is new listings, sold properties, and total active listings at the end of the month(as of Nov 4^th)

Cape May + West Cape May + Cape May Point Areas

48 Total Active Listings as of November 4th (+0 vs last month)

Median Price of $1,425,000

Median Days on market = 40 Days

23 New Listings (+0 vs last month)

Median Price of $1,450,000

21 Sold Houses (-9 vs last month)

Median Price of $870,000

Lower Township Area

91 Active Listings as of November 4th (-6 vs last month)

Median Price of $286,000

Median Days on Market = 62

42 New Listings (-7 vs last month)

Median Price of $354,950

55 Sold Houses (-24 vs last month)

Avg Price of $317,000

Middle Township Area

91 Total Active Listings as of November 4th (-14 vs last month)

Median Price of $286,000

Median Days on Market = 62 Days

39 new Listings (+5 vs last month)

Median Price of $299,900

38 Sold Houses (+4 vs last month)

Median Price of $272,500

The Wildwoods & Diamond Beach Areas

38 Total Active Listings as of November 4th (-1 vs. last month)

Median Price of $667,450

Median Days on Market = 38 Days

23 New Listings (+8 vs last month)

Median Price of $699,000

24 Sold Houses (+6 vs last month)

Median Price of $346,250

Upper Township, Dennis Township & Woodbine Areas

66 Total Active Listings as of November 4th (-2 vs last month)

Median Price of $279,900

Median Days on Market = 61 Days

26 New Listings (-11 vs last month)

Median Price of $293,000

17 Sold Houses (-5 vs last month)

Median Price of $270,000

Avalon & Stone Harbor Areas

63 Total Active Listings as of November 4th (-16 vs. last month)

Median Price of $3,000,000

Median Days on Market = 75 Days

21 New Listings (-7 vs. last month)

Median Price of $2,739,499

50 Sold Houses (-1 vs. last month)

Median Price of $2,606,250

Sea Isle City & Strathmere Areas

12 Total Active Listings as of November 4th (+5 vs. last month)

Median Price of $1,532,500

Median Days on Market = 78 Days

7 New Listings (+5 vs. last month)

Median Price of $1,515,000

4 Sold Houses (+1 vs. last month)

Median Price of $1,120,000

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

October 14, 2020August 10, 2022

Real Estate Market Report – September 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of September 2020. Included is new listings, sold properties, and total active listings at the beginning of October 2020.

Cape May + West Cape May + Cape May Point Areas

48 Total Active Listings as of August 31st (+8 vs last month)

Median Price of $1,150,000

Median Days on market = 40 Days

23 New Listings (+1 vs last month)

Median Price of $1,099,000

19 Sold Houses (-11 vs last month)

Median Price of $775,000

Lower Township Area

97 Active Listings as of August 31st (+3 vs last month)

Median Price of $327,500

Median Days on Market = 39

49 New Listings (-8 vs last month)

Median Price of $375,000

79 Sold Houses (+12 vs last month)

Avg Price of $274,900

Middle Township Area

105 Total Active Listings as of August 31st (-2 vs last month)

Median Price of $289,950

Median Days on Market = 69 Days

34 new Listings (-17 vs last month)

Median Price of $282,000

44 Sold Houses (-6 vs last month)

Median Price of $262,500

The Wildwoods & Diamond Beach Areas

39 Total Active Listings as of October 7th (-5 vs. last month)

Median Price of $549,900

Median Days on Market = 41 Days

15 New Listings (+11 vs last month)

Median Price of $599,000

18 Sold Houses (-11 vs last month)

Median Price of $470,000

Upper Township, Dennis Township & Woodbine Areas

68 Total Active Listings as of October 7th (-1 vs last month)

Median Price of $284,700

Median Days on Market = 44 Days

37 New Listings (+10 vs last month)

Median Price of $260,000

22 Sold Houses (+4 vs last month)

Median Price of $301,250

Avalon & Stone Harbor Areas

79 Total Active Listings as of October 7th

Median Price of $3,295,000

Median Days on Market = 75 Days

28 New Listings

Median Price of $2,922,500

51 Sold Houses

Median Price of $2,400,000

Sea Isle City & Strathmere Areas

7 Total Active Listings as of October 7th

Median Price of $1,395,000

Median Days on Market = 51 Days

2 New Listings

Median Price of $1,412,500

3 Sold Houses

Median Price of $650,000

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

September 1, 2020August 10, 2022

Real Estate Market Report – August 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of August 2020. Included is new listings, sold properties, and total active listings at the end of the month.

Cape May + West Cape May + Cape May Point

40 Total Active Listings as of August 31st (Same vs last month)

Median Price of $971,450

Median Days on market = 49 Days

22 New Listings (-7 vs last month)

Median Price of $737,000

30 Sold Houses (+15 vs last month)

Median Price of $797,750

Lower Township Area

94 Active Listings as of August 31st (-3 vs last month)

Median Price of $299,900

Median Days on Market = 31

57 New Listings (+5 vs last month)

Median Price of $349,000

67 Sold Houses (-2 vs last month)

Avg Price of $253,000

Middle Township Area

105 Total Active Listings as of August 31st (-2 vs last month)

Median Price of $289,950

Median Days on Market = 69 Days

51 new Listings (+14vs last month)

Median Price of $259,900

50 Sold Houses (+10 vs last month)

Avg Price of $201,250

Wildwoods

44 Total Active Listings as of August 31^st (same vs. last month)

Median Price of $524,900

Median Days on Market = 87 Days

93 New Listings (+8 vs last month)

Median Price of $339,000

126 Sold Houses (-4 vs last month)

Median Price of $327,750

Upper & Dennis & Woodbine Areas

69 Total Active Listings as of August 31st(-2 vs last month)

Median Price of $299,000

Median Days on Market = 119 Days

27 New Listings (+4 vs last month)

Median Price of $199,800

18 Sold Houses (-12 vs last month)

Median Price of $179,000

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

August 3, 2020August 10, 2022

Real Estate Market Report – July 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of July 2020. Included is new listings, sold properties, and total active listings at the end of the month.

Cape May + West Cape May + Cape May Point

40 Total Active Listings as of August 1st (-57 vs last month)

Median Price of $879,000

Median Days on market = 42 Days

29 New Listings (+9 vs last month)

Median Price of $750,000

15 Sold Houses (-7 vs last month)

Median Price of $585,000

Lower Township Area

97 Active Listings as of August 1st (-86 vs last month)

Median Price of $272,600

Median Days on Market = 46

52 New Listings (+5 vs last month)

Median Price of $295,000

69 Sold Houses (+9 vs last month)

Avg Price of $240,000

Middle Township Area

107 Total Active Listings as of August 1st (-146 vs last month)

Median Price of $294,500

Median Days on Market = 71 Days

37 new Listings (-23 vs last month)

Median Price of $244,900

40 Sold Houses (+6 vs last month)

Avg Price of $247,450

Wildwoods

44 Total Active Listings as of August 1^st (-293 vs last month)

Median Price of $498,388

Median Days on Market = 66 Days

101 New Listings (+30 vs last month)

Median Price of $379,900

130 Sold Houses (+40 vs last month)

Median Price of $273,050

Upper & Dennis & Woodbine Areas

71 Total Active Listings as of August 1st(-87 vs last month)

Median Price of $279,900

Median Days on Market = 114 Days

23 New Listings (+3 vs last month)

Median Price of $260,000

30 Sold Houses (+3 vs last month)

Median Price of $176,250

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

July 15, 2020August 10, 2022

Escape to the Cape | North Cape May Market Report – Wayne Piersanti

Recently I wrote about the flight from the major cities that has resulted in suburban and rural areas experiencing a significant amount of traffic from potential home buyers. As a consequence prices have gone up significantly in our little town with an average listing price of over $1,700,000 for currently available residential properties in Cape May City, over $1,000,000 in Cape May Point, and approaching $950,000 in West Cape May. That might be a little too pricey for someone looking for a spot to land, but have no fear. Just north of the Cape May Canal, there’s still a spot for the average Joe.

Situated at the Southern tip of the Jersey Cape, Lower Township shares a shoreline with the Atlantic Ocean and the Delaware Bay. These areas were first settled by whalers from New England and Long Island sometime around 1635. Whales at that time were so close to shore that you could actually row right up to them. They did not know enough about “whalers” to keep their distance. (Interestly enough, one of the first homes I sold as a professional Realtor had a deed restriction that prohibited the use of “whale rendering” on site. Fortunately my buyer was not interested in commercial use. Lower Township is now the largest municipality in the county with a population of about 23,000. Down by the Ferry Terminal is a section of Lower Township called North Cape May.

As of July 13, 2020, there are 26 active listings in North Cape May ranging in price from a $157,900 fixer-upper to a 4 bedroom, 3 ½ bath home situated on a 1.96 acre lot being offered at a pre-construction price of $699,000 and located at 6 Harvest Court. New construction is also being offered at 1 and 2 Leonard Drive off of Breakwater Road, with two listings priced at $379,490 and $359,990 respectively. Both feature an expansive lot size and various smart home features. A short walk from the Bay you can purchase a 2 bedroom, one bath rancher for $239,000. You can also get a 4 bedroom Cape Cod style home near TownBank Road for $309,900 reduced from $324,900 after 146 days on the market. The average listing price in North Cape May right now is $324,045

North Cape May features many nearby restaurants like 5 West Pub, Harpoons on the Bay and the Red Brick Ale house. Many feature live entertainment and the summer concerts at the Ferry are simply outstanding. And the sunsets are free! With all the money you save buying “Off the Island” you’ll have a lot of bread left over to pay the Uber driver for the short ride to the beautiful City of Cape May!

This is Wayne Piersanti, Broker-Salesperson for Coastline Realty, keeping it real. For information on any of these listings, I can be reached at (609) 540-3374 or waynepiersanti@gmail.com.

Also, we can assist you in finding a just the right buyer for your Home.

Coastline Realty is Cape Island’s top producing, full service real estate agency, consistently representing the most buyers & sellers in the Cape May area.

(Information was compiled from the Cape May Multiple Listing Service and deemed reliable but not guaranteed.)

July 10, 2020August 10, 2022

Accidental Millionaires | July Market Update – Wayne Piersanti

I had a casual conversation with my neighbor recently. He bought a second home in the Tranquility section of Lower Township a couple of years ago, and with retirement looming, he just listed his primary residence in Connecticut. Most of the people looking to buy his home were from the NYC area – a one hour commute by train. A June 18th CNBC report suggests this might be the “new norm”

The article’s key points are: As the real estate market began to recover in May, home searches in suburban zip codes jumped 13%. That doubled the pace of growth in urban areas. More than half of the nation’s 100 largest metropolitan areas are seeing increased interest in the suburbs. “Millennials once piled into the cities….. apparently they are now piling out. The stay-at-home orders brought on by coronavirus have more potential home buyers looking for properties in the suburbs. The flight to the suburbs is real and growing, as coronavirus changes the way people live”. Contracts on Manhattan apartments plunged 80% annually in May.

“Javier Vivas, realtor.com Director of Economic Research echoes this data. “This migration to the suburbs is not a new trend, but it has become more pronounced this spring…After several months of shelter-in-place orders, the desire to have more space and the potential for more people to work remotely are likely two of the factors contributing to the popularity of the burbs.” Stewart Miller, Chairman and former CEO of Lennar homes adds “There’s no question that there are people who are fleeing the cities. There’s no question that the second home has been a place of refuge. There’s no question people are rethinking whether they want to be in high rise rentals with common spaces as amenities vs. having a home of their own with a backyard.” New Yorkers aren’t the only big city dwellers who have been decamping for suburbs, smaller cities and rural areas. It began with the affordability crisis in cities such as San Francisco, New York and Los Angeles and has only picked up momentum during the pandemic, according to Glenn Kelman, CEO of the national online brokerage Redfin. The effects of COVID-19 have made many people “wary of living in close quarters,” he says. On top of that, the freedom to work from home means “a huge percentage of people are now looking further afield.”

What better way to work from home than from southern Cape May County? But it seems that the cat is out of the hat. Trying to buy that dream home down the Shore has gotten a little bit more daunting. As of this writing, there are only 37 active residential listings on the entire Cape Island. 12 of these listings are in Cape May City, ranging in prices from $529,900 for the Octagon House at 1386 Lafayette Street to $3,000,000 for an expansive circa 1800 Queen Anne Victorian licensed for 8 guest rooms. Only 2 of the 12 listings are under $900,000. The average listing price of the current listings in Cape May City is $1,779,790. 13 of the listings are in Cape May Point with an average listing price of $1,016,923. There are 12 active listings in West Cape May. Only 5 are priced lower than $759,900. 10 e. Mechanic Street comes in at $610,000 on a 100 x 76’ lot. The average listing price there is $942,299. We bought our duplex in Cape May City in 1986 because we loved the town. It seems that those who bought back “in the day” have become “accidental millionaires.”

There are 15 condominiums available in Cape May City. 3 are at the Marquis de Lafayette, starting at $119,900. The Marquis de Lafayette has a usage policy requiring owners to rent their rooms as hotel rooms. Other condos in town are priced from $329,900 to $1,150,000.

The upshot of all this, is If you’ve been sitting on the fence, there has never been a better time to list your Cape Island home. We need Listings! Our full time team of knowledgeable and experienced agents is ready to take your calls. Who knows? In 35 years, you just might be the next “accidental billionaire!”

(P.S. Nevertheless, all is not lost. A savvy buyer can still find primary or secondary housing at a third of the price of buying on the island. More information is a phone call away).

This is Wayne Piersanti, Broker-Salesperson for Coastline Realty, keeping it real. For information on any of these listings, I can be reached at (609) 540-3374 or waynepiersanti@gmail.com.

Also, we can assist you in finding a just the right buyer for your home. Coastline Realty is Cape Island’s top producing, fill service real estate agency, consistently representing the most buyers & sellers in the Cape May Area.

(Information was compiled from the Cape May Multiple Listing Service and deemed reliable but not guaranteed.)