January 27th 2022

With December's numbers now released, we can see the full picture of 2021 vs 2020.  It was a banner year for Shore real estate.  How did your favorite town do?  

Sales Prices In 2021 Compared To 2020

All Cape May County

Single Family Homes: +21%

Condo/Townhomes: 15%

Avalon

Single Family Homes: +12%

Condo/Townhomes: +1%

Stone Harbor

Single Family Homes: +13%

Condo/Townhomes: +39%

Cape May

Single Family Homes: +19%

Condo/Townhomes: +7%

Wildwood Crest

Single Family Homes: +15%

Condo/Townhomes: +19%

North Wildwood

Single Family Homes: +58%

Condo/Townhomes: -3%

Wildwood

Single Family Homes: +48%

Condo/Townhomes: +30%

Sea Isle City

Single Family Homes: +93%

Condo/Townhomes: +28%

Ocean City

Single Family Homes: +24%

Condo/Townhomes: +22%

Middle Township

Single Family Homes: +17%

Condo/Townhomes: +25%

Lower Township

Single Family Homes: +22%

Condo/Townhomes: +25%

Bottom Line

Now is an excellent time to sell or buy a Shore home.  Inventory is still low, and buyers are actively looking to beat the Spring rush.  Buyers are enjoying low interest rates and the knowledge they will be owners in a solid, appreciating market.