Cape May County Herald · Real Estate Intel

Weekly time-series report · Middle Township, Dennis, and Woodbine

The Mainland

All figures compare seven-day periods in The Mainland. Latest period: September 23–September 29, 2026 (through the latest recorded date, not today).

Transaction volume · latest 7 days26+30.0% vs. previous 7 days
Median reported value* · latest 7 days$332,500-13.6% vs. previous 7 days
Transaction volume vs. same period last year+8.3%Sep 23–Sep 29, 2025
Transaction volume vs. prior-year September average+9.5%Average weekly pace, September of prior years

Map

The Mainland transfers · Sep 23–Sep 29

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Editorial briefing

What changed this week

  • The top transfer recorded this week:
    $3,475,000, in Middle Township, between buyers, Hhan 509 Rio LLC, and sellers, Gilbert Garry, Feraco William
  • The greatest number of property transfers this week took place in Middle Township:
    Number of transfers: 20
    Aggregate value of transfers: $6,036,000
  • Transfer volume was up 30.0% from the preceding seven-day period (20 to 26).
  • Compared with the equivalent seven-day window one year earlier, volume was up 8.3%.
  • The median reported consideration was $332,500, down 13.6% week over week.
  • Current activity was up 9.5% versus the historical weekly pace for September.
  • Middle Township had the largest geographic shift, and gained 6.9 percentage points of activity in The Mainland.

Real Estate Insights are generated automatically from numerical computations using public data sources.

Comparable windows

Volume and value

PeriodAll transfersReported*Median*
Latest 7 days (Sep 23–Sep 29)2612$332,500
Previous 7 days (Sep 16–Sep 22)2013$385,000
Same period last year (Sep 23–Sep 29, 2025)2413$400,000

Changing hot spots

Town share shifts

Percentage-point change inside The Mainland
TownPrevious weekLatest weekShare shift
Middle Township1420+6.9 pp
Dennis44-4.6 pp
Woodbine22-2.3 pp

Constant-quality price index

Constant-quality price index

How this index is built

Median prices swing with which homes sold in a given week — a few beachfront closings can look like a boom. This index avoids that by comparing each property only to itself: every parcel that sold twice contributes the price change between its own two sales, and a regression (the Bailey repeat-sales method, the basis of the Case-Shiller index) combines those changes into one index. The shaded band shows ±1 standard error — where the true index most likely sits. Standard errors account for the same parcel appearing in multiple pairs, and long-held pairs are down-weighted when the data call for it.

From 45,621 priced deed sales (standard deeds of $25,000+), 7,250 parcels recorded more than one sale date, giving 17,457 sale pairs. Excluded: pairs held under a year (10,201 — re-recordings, corrections, and flips), implausible price ratios (406 — mostly new construction), and pairs whose deed addresses conflict (2,666 — different condo units or streets sharing one block/lot, which would compare two different homes). That leaves 4,184 clean pairs county-wide. Towns need 100+ clean pairs for their own quarterly index; smaller towns appear in the menu but fall back to the county-wide line.

Repeat-sales indexes track price change for resold homes; they say nothing about the level of prices (see town dashboards for medians) and can understate markets dominated by new construction.

How to read this report

Volume includes every recorded deed in The Mainland. Price statistics include consideration of $1,000 or more and use the median to reduce the influence of extreme transactions. Seasonal pace is the average weekly rate during the same calendar month in prior years. These are indicators, not proof of market-price changes or arm's-length sales.