Monday, June 15, 2015 / by Teresa Dipeso
Home Prices in Cape May Area for May 2015
Real estate market data for Cape May, NJ provided by Teresa DiPeso of Long and Foster
Cape May Area Home Prices
If you are considering buying a home you can find good deals on a house in the Cape May area but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few weeks of hitting the market. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Cape May home on which you are making an offer.
Cape May Area Real Estate Report Summary
The median sale price in May 2015 for homes in the Cape May area was $299,750.00 *, down from this time last year was
The number of homes for sale in the Cape May area in May 2015 was 418. Inventory is down 13% over a year ago.
The number of homes sold in the Cape May in May 2015 was 40. Sale contracts were up 25% over a year ago.
What does this mean for a Cape May area home buyer?
More homes sold and fewer homes to choose from than a year ago.
If you are thinking of buying a new shore home, NOW is the time. We can help you find the best home for the best price.
Find Homes for Sale in the Cape May, NJ Area
Real Estate is local. When buying or selling a Jersey Shore home you need to rely on local expertise, knowledge and experience. Call The DiPeso Group today and together we will make your real estate goals of buying or selling a home a reality!
Visit our website to search for homes in the Cape May area and to be notified when new homes come on the market.
To find out what your home is worth in the current market email me or call us 609-780-1434.
*Median sales and data includes the entire Cape May area. Every neighborhood is different, call for information on your favorite location.