The Cape May County real estate market saw some notable activity from Jan. 27 to Feb. 2, with a total of 10 home transfers taking place during this period. Among these transactions, one particular sale stood out—a 3,198-square-foot property on Waterford Lane in Cape May Court House was sold for $852,750, making it the median sale for the area.
Avalon
In Avalon, two properties changed hands during this timeframe. The first property located at 4733 Fifth Ave. was sold for $1,387,500, boasting 2,640 square feet of space at a rate of $526 per square foot. The second property at 94 Ninth Street fetched a whopping $5,200,000, with 2,032 square feet sold at a rate of $2,559 per square foot.
Cape May
Moving on to Cape May, the property at 729 Franklin Street was sold for $1,330,000, offering 2,020 square feet of space at a rate of $658 per square foot.
Cape May Court House
In Cape May Court House, two properties exchanged hands. The property at 1326 Route 9 sold for $400,000, offering 1,196 square feet at a rate of $334 per square foot. Meanwhile, the property at 2 Waterford Lane fetched $852,750, boasting 3,198 square feet at a rate of $267 per square foot.
North Wildwood
In North Wildwood, the property at 325 E. Sixth Ave. was sold for $785,000, offering 1,428 square feet at a rate of $550 per square foot.
Ocean City
Moving on to Ocean City, the property at 14 E. 14th Street was sold for $870,000, boasting 1,152 square feet at a rate of $755 per square foot.
Wildwood
Lastly, in Wildwood, three properties were sold. The property at 207 E. Louisville Ave. was sold for $56,662, offering 2,000 square feet at a rate of $28 per square foot. The property at 335 W. 20th Ave. was sold for $500,000, offering 1,062 square feet at a rate of $471 per square foot. Finally, the property at 440 W. Youngs Ave. was sold for $505,000, offering 1,154 square feet at a rate of $438 per square foot.
Real Estate Market Insights
This report is part of Real Estate Newswire, a service provided by United Robots that leverages machine learning to analyze data from Propmix, a national real estate data aggregator. These insights provide a valuable snapshot of the current real estate landscape in Cape May County, shedding light on the recent transactions and trends in the market.
Expert Commentary
According to real estate experts, the prices and square footage of these properties reflect the diverse offerings available in Cape May County. From the high-end properties in Avalon to the more affordable options in Wildwood, there is a range of choices for buyers looking to invest in this vibrant coastal region.
In conclusion, the recent home transfers in Cape May County showcase the dynamic nature of the real estate market in the area. With a mix of luxury properties and more budget-friendly options, there is something for everyone in this picturesque coastal community.