Cape May Real Estate Market Report – July 2021

Market Report incoming!

Here’s a quick Real Estate market report for Cape May, West Cape May, and Cape May Point for the month of June. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of June 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 July 4th  2021.

Cape May

Active SFH Listings as of 08/02/21– 23 (-3 vs. last month)

Median Days on Market – 88 Days (-1 day vs. last month)

Median List Price – $1,495,000 (-$105,000 vs. last month)

 

Sold Properties in July – 9 (-12 vs. last month)

Median Days on Market – 52 Days (-37 days vs. last month)

Median Sale Price – $626,000 (-$324,000 vs. last month)

West Cape May

Active SFH Listings as of 08/02/21– 5 (-1 vs. last month)

Median Days on Market – 98 Days (+46 days vs. last month)

Median List Price – $1,195,00 (+$170,050 vs. last month)

 

Sold Properties in July – 2 (-3 vs. last month)

Median Days on Market – 188 Days (+103 days vs. last month)

Median Sale Price – $769,000 (-$6,000 vs. last month)

Cape May Point

Active SFH Listings as of 08/02/21– 7 (+1 vs. last month)

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

Median List Price – $1,149,000 (+$239,550 vs. last month)

 

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

Median Days on Market – 56 Days (-14 Days vs. last month)

Median Sale Price – $1,187,500 (+$377,500 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.

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