Real Estate in Cape May

Cape May 2013 Detailed Sold Market Analysis

Sold Transactions in Cape May, Cape May Point and West Cape May

Residential, Condos, Multi-Family, and Lot sales

2008 – 110 sold transactions

2009 – 104 sold transactions

 2010 – 169 sold transactions

2011 – 138 sold transactions

2012 – 162 sold transactions

2013 – 169 Sold Transactions

Breaking Down 2013

 

 

2012

2013

High Sale

$2,300,000

$1,700,000

Low Sale

$50,000

$120,000

Average Sale

$548,471

$541,235

Median Sale

$477,750

$475,000

 

Cape May Sales

104

97

Cape May Point Sales

21

28

West Cape May Sales

37

44

 

Residential Sales

105

108

Condo Sales

37

46

Multi-Family Sales

4

5

Lot Sales

16

10

Average Days On Market

221

238

Median Days On Market

161

178

 

 

PriceRange

Transactions

Average Pricing 2013

 

2012

2013

Asking Price

Sold Price

Million (+) range

10

10

$1,487,101

$1,351,700

$900,000 range

10

4

$1,025,000

$933,750

$800,000 range

6

11

$879,654

$847,045

$700,000 range

10

11

$803,143

$734,681

$600,000 range

15

11

$708,036

$654,818

$500,000 range

25

26

$583,107

$543,088

$400,000 range

28

35

$484,934

$443,700

$300,000 range

32

33

$377,733

$343,287

$200,000 range

15

18

$284,961

$258,000

$100,000 range

6

10

$165,180

$150,150

 

All data was found using my local real estate web site operated by the Cape May County Board of Realtors.  This information is extremely accurate but not 100%.  The same disclosure is on the web site and I wanted you to know as well.

 

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