UPDATE: A significant wave of real estate activity has been recorded in Cape May County, with homes selling for **$1 million** or less between **September 29 and October 5, 2023**. This surge highlights opportunities for prospective buyers looking to enter the competitive market in this desirable area.
During this week, **10 properties** were sold at or under the **$1 million** mark, showcasing a variety of homes that cater to different needs and preferences. Here’s a closer look at the standout sales:
1. **$999,000**: A single-family home at **120 Dory Drive** was sold for **$999,000**, which breaks down to **$591** per square foot. The property, built in **1973**, features **1,691** square feet of living space on a **5,262** square-foot lot. The sale was finalized on **September 11**.
2. **$990,000**: A condominium located at **416 Ibis Lane** changed hands for **$990,000** ($642 per square foot). Constructed in **1994**, this property offers **1,542** square feet. The deal closed on **September 8**.
3. **$941,000**: A detached house at **837 Seashore Road** was sold for **$941,000** ($383 per square foot). Built in **1931**, it spans **2,456** square feet and sits on **1.3 acres**. The transaction was completed on **September 8**.
4. **$862,500**: At **128 Reef Drive**, a **3-bedroom, 2-bathroom** condominium was sold for **$862,500**, translating to **$621** per square foot. The property offers **1,388** square feet and was finalized on **September 8**.
5. **$845,000**: Located at **430 W. Pine Ave.**, this single-family home sold for **$845,000** ($382 per square foot) and features **2,211** square feet of living space. The sale was confirmed on **September 8**.
6. **$820,000**: The single-family home at **420 W. Oak Ave.** was sold for **$820,000**, which is **$493** per square foot. Built in **1958**, it offers **1,662** square feet and closed on **September 4**.
7. **$815,000**: A condominium at **9905 Seapointe Blvd. APT307** has found new owners for **$815,000**, equating to **$706** per square foot. It was built in **1988** and encompasses **1,154** square feet, with the deal finalized on **September 5**.
8. **$796,000**: Another condominium at **400 E. Fifth Ave. #201** sold for **$796,000** ($510 per square foot). This property was constructed in **2004** and offers **1,562** square feet. The sale was finalized on **September 11**.
9. **$750,000**: A detached house at **4217 Hudson Ave.** sold for **$750,000**, equating to **$542** per square foot. Built in **1920**, it features **1,384** square feet and closed on **September 5**.
10. **$726,150**: Finally, a single-family home at **216 E. Juniper Ave.** sold for **$726,150** ($346 per square foot). Constructed in **1920**, it spans **2,100** square feet and was finalized on **September 10**.
This latest activity in Cape May County signifies a robust interest in homes priced under **$1 million**, showcasing a vibrant market for buyers seeking affordability without sacrificing location. The diversity in property types—from single-family homes to condominiums—demonstrates the variety available for potential homeowners.
Next Steps: Buyers should act swiftly, as the market remains competitive. Interested parties are encouraged to stay updated on future listings and sales to seize opportunities as they arise.
For ongoing updates on real estate trends and property sales, stay tuned to our latest news coverage.