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 April 3rd, 2021
Cape May
Active SFH Listings as of 04/03/21– 29 (-2 vs. last month)
Median Days on Market – 116 Days (-24 days vs. last month)
Median List Price – $1,600,000 (-$50,000 vs. last month)
Sold Properties in January – 19 (+4 vs. last month)
Median Days on Market – 104 Days (-1 day vs. last month)
Median Sale Price – $840,000 (-$64,000 vs. last month)
West Cape May
Active SFH Listings as of 04/03/21– 6 (-2 vs. last month)
Median Days on Market – 80 Days (+34 days vs. last month)
Median List Price – $943,000 (+$0 vs. last month)
Sold Properties in March – 8 (+5 vs. last month)
Median Days on Market – 79 Days (-75 days vs. last month)
Median Sale Price – $797,500 (-$62,400 vs. last month)
Cape May Point
Active SFH Listings as of 04/03/21– 5 (+0 vs. last month)
Median Days on Market – 43 Days (+7 vs. last month)
Median List Price – $2,100,000 (+0 vs. last month)
Sold Properties in March – 1 (+1 vs. last month)
Median Days on Market – 63 Days (-36 Days Vs. January, No Sold Properties in Feb.)
Median Sale Price – $830,000 (-$202,352 vs. January, No Sold Properties in Feb.)
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.
