Real Estate Market Report – December 2020 – Cape May / West Cape May / Cape May Point

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.

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