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 March 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 2nd, 2020.
Cape May
Active SFH Listings as of 02/28/21– 31 (-2 vs. last month)
Median Days on Market – 140 Days (+26 days vs. last month)
Median List Price – $1,650,000 (+0 vs. last month)
Sold Properties in January – 15 (+1 vs. last month)
Median Days on Market – 105 Days (+19 days vs. last month)
Median Sale Price – $904,000 (+$65,227 vs. last month)
West Cape May
Active SFH Listings as of 02/28/21– 8 (+4 vs. last month)
Median Days on Market – 46 Days (-68 days vs. last month)
Median List Price – $943,000 (+$0 vs. last month)
Sold Properties in January – 3 (-1 vs. last month)
Median Days on Market – 154 Days (+1 days vs. last month)
Median Sale Price – $859,900 (+$214,900 vs. last month)
Cape May Point
Active SFH Listings as of 02/28/21– 5 (+0 vs. last month)
Median Days on Market – 36 Days (-44 vs. last month)
Median List Price – $2,100,000 (+$230,000 vs. last month)
Sold Properties in January – 0 (-4 vs. last month)
Median Days on Market – No Sold Properties Feb 2021. Jan 2021 Stats… 99 Days (-3 days vs. last month)
Median Sale Price – No Sold Properties Feb 2021. Jan 2021 Stats… $1,032,325 (-$192,675 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.
