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)
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.
