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.
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