Seven Mile Island sent six properties carrying a combined $33.445 million in asking prices under contract in six days.

Avalon accounted for $20.995 million of the activity. Stone Harbor added another $12.45 million, according to an Ironside Shore Wire analysis of Cape May County MLS data.

The contracts ran from July 26 through July 31. They also spanned nearly every measure of market speed.

Two properties found buyers almost immediately. Others took months.

Avalon Accounts for Nearly $21 Million

A residence on Ocean Drive carried the largest ask of the six at $9.45 million.

It went under contract July 26 after six days on the market.

The next contract arrived July 28 on 7th Street. The six-bedroom home asked $6.795 million and spent 115 days on the market.

Avalon completed its run July 30 when a 24th Street abode entered a contract. The four-bedroom residence asked $4.75 million after 260 days on the market.

Together, the three Avalon properties carried $20.995 million in asking prices.

Stone Harbor Adds $12.45 Million in One Day

Stone Harbor put three more properties under contract July 31.

The largest was a six-bedroom residence on 112th Street. It asked $7.55 million after 169 days on the market.

A duplex on 99th Street found a buyer after 22 days. It carried a $2.7 million ask.

A front townhouse on 85th Street completed the group. It went under contract after only four days with a $2.2 million asking price.

The three Stone Harbor properties combined for $12.45 million.

All told, two homes needed less than one week. Three spent at least 115 days on the market. One landed between those extremes.

Together, they show Seven Mile buyers moving on fresh inventory while also clearing properties that had been available for much of the year.


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