Real Estate Market Report – June 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of June 2020. Included is new listings, sold properties, and total active listings at the end of the month.

 

The Market on FIRE!!!! Currently for sale property supply is extremely low with very high demand! Now’s the perfect time if you were considering selling your property to give your favorite Coastline agent or our office a call for a CMA to see how much your property is worth!

 

Cape May + West Cape May + Cape May Point

 

97 Total Active Listings as of July 1st    (-25 vs last month)

Avg Price of $1,055,685

Median Days on market = 155 Days

 

20 New Listings (-2 vs last month)

Avg Price of $1,129,590

 

22 Sold Houses (+7 vs last month)

Avg Price of $799,100

 

 

Lower Township Area

 

183 Active Listings as of July 1st (-33 vs last month)

Avg Price of $379,886

Median Days on Market = 116 Days

 

47 New Listings (+12 vs last month)

Average Price of $382,597

 

60 Sold Houses (+19vs last month)

Avg Price of $314,734

 

 

Middle Township Area

 

253 Total Active Listings as of July 1st (same as last month)

Avg Price of $324,877

Median Days on Market = 141 Days

 

60 new Listings (+17 vs last month)

Avg Price of $314,138

 

34 Sold Houses (+7 vs last month)

Avg Price of $257,420

 

Wildwoods

337 Total Active Listings as of July 1st (-106 vs last month)

Avg Price of $578,545

Median Days on Market = 137 Days

 

71 New Listings (-1 vs last month)

Avg Price of $486,820

 

90 Sold Houses (+32 vs last month)

Avg Price of $410,130

 

Upper & Dennis & Woodbine Areas

 

158 Total Active Listings (-16 vs last month)

Avg Price of $261,865

Median Days on Market = 122 Days

 

20 New Listings (-10 vs last month)

Avg Price of $247,804

 

27 Sold Houses (+8 vs last month)

Avg Price of $173,418

 

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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