UPDATE: Homes priced at or below $1 million in Cape May County are changing hands rapidly, with 10 properties sold between September 29 and October 5. This latest surge in real estate activity highlights strong buyer interest and market dynamics that could impact future sales.
Among the notable transactions, a single-family home at 120 Dory Drive sold for $999,000, translating to $591 per square foot. The transaction was finalized on September 11, showcasing a spacious 1,691 square feet of living area on a 5,262-square-foot lot.
Another significant sale includes a condominium at 416 Ibis Lane, which changed hands for $990,000 on September 8. This property offers 1,542 square feet of space, reflecting a price of $642 per square foot.
In addition, a detached house at 837 Seashore Road was recently sold for $941,000, or $383 per square foot. Built in 1931, this property features a generous 2,456 square feet of living space and sits on a 1.3-acre lot, with the deal finalized on September 8 as well.
The list continues with a well-priced condominium at 128 Reef Drive, which sold for $862,500, equating to $621 per square foot. The property spans 1,388 square feet and includes three bedrooms and two bathrooms.
Not to be overlooked, a single-family home at 430 W. Pine Ave. was acquired for $845,000. This modern residence, constructed in 2008, offers 2,211 square feet and a 3,999-square-foot lot, with the sale completed on September 8.
The activity doesn’t stop there. A property at 420 W. Oak Ave. changed ownership for $820,000, showcasing 1,662 square feet of space. The deal was finalized on September 4, highlighting the ongoing demand for homes in the area.
In a remarkable sale, a condominium at 9905 Seapointe Blvd. APT307 fetched $815,000 on September 5, equating to $706 per square foot for its 1,154 square feet.
The current market continues to attract buyers, as evidenced by a condominium at 400 E. Fifth Ave. #201, which changed hands for $796,000, finalized on September 11. This property provides 1,562 square feet of living space.
Additionally, a detached house at 4217 Hudson Ave. sold for $750,000, comprising 1,384 square feet, and a 7,000-square-foot lot, finalizing on September 5.
Lastly, a charming single-family home at 216 E. Juniper Ave. was sold for $726,150, offering 2,100 square feet and finalizing on September 10.
With these sales, the Cape May County real estate market is seeing a vibrant period, drawing attention from prospective buyers. As the demand continues, it remains crucial for observers to keep an eye on upcoming trends and further developments in this competitive market.
Stay tuned for more updates on real estate activity across Cape May County, as the market remains hot and evolving rapidly.
