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 September. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of September 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 October 4th  2021.

Cape May

Active SFH Listings as of 10/04/21– 19 (-6 vs. last month)

Median Days on Market – 101 Days (+26 days vs. last month)

Median List Price – $1,599,000 (-$26,000 vs. last month)

 

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

Median Days on Market – 119 Days (+10 days vs. last month)

Median Sale Price – $742,500 (-$157,500 vs. last month)

West Cape May

Active SFH Listings as of 10/04/21– 4 (-1 vs. last month)

Median Days on Market – 109 Days (-19 days vs. last month)

Median List Price – $1,124,999 (-$70,001 vs. last month)

 

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

Median Days on Market – 89 Days (-30 days vs. last month)

Median Sale Price – $510,000 (-$95,000 vs. last month)

Cape May Point

Active SFH Listings as of 10/04/21– 5 (-1 vs. last month)

Median Days on Market – 67 Days  (-7 days vs. last month)

Median List Price – $1,999,000 (+$799,500 vs. last month)

 

Sold Properties in September – 6 (+5 vs. last month)

Median Days on Market – 123 Days (+73 Days vs. last month)

Median Sale Price – $1,115,000 (+$350,000 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.