Both my have had in the hundreds by then, but are both quite precocious verbally (not so much on the motor front ). I remember that the rest in my mother's group had between 3 and 50 and the one that had 3 didn't have many more than that by 2. They're all now just over 4 and you'd barely know there had been a difference in their language development except that my DD is still quite a chatterbox and the little guy who had 3 words would rather be up a tree or kicking a ball. When he wants to, he can express himself perfectly well, though I've noticed that he's still mastering a few sounds.

Language development seems to be incredibly uneven but should 'level out' by three-ish. What is of greater importance in development at this age is communication. This means all the non-verbal stuff used to share ideas, draw attention, show mutual enjoyment, reciprocal emotion and to get needs met.
Same here with both mine, very good verbally not so good in other areas (as MCHN said when she asked me and I said I didn't know, if you don't know how many they can say, then they most likely have loads because you have never felt the need to count them). At DD's MG there were massive variations - the boys especially didn't seem to use many words until well over 2 - now they are all four and are all pretty much the same. I was expecting DS to be very different to DD in terms of speech development just because of the difference between the boys and girls in MG and other anecdotal evidence but he is the same.