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.