UPDATE: A stunning home in Haddonfield has sold for $1.7 million, leading the list of the most expensive residential real estate transactions in the Cherry Hill area from December 1 to December 7, 2023. This sale, finalized on November 13, highlights a booming real estate market with a total of 22 residential properties sold in just one week.
The average sale price in the area reached $683,114, translating to an impressive $333 per square foot. This surge in high-value transactions reflects a strong demand for homes in the region, with buyers eager to invest before the end of the year.
Here’s a snapshot of the most significant sales:
10. A single-family residence at 222 Dickens Court sold for $637,000, finalizing on November 17. The house spans 2,176 square feet, yielding $293 per square foot.
9. Located at 1333 Bunker Hill Drive, another single-family home sold for $675,000. Built in 1978 and measuring 2,693 square feet, the price per square foot came to $251.
8. The property at 1 Pawtucket Drive fetched $710,000. Finalized on November 19, the house features 2,485 square feet, selling at $286 per square foot.
7. A sale at 6 Wicklow Court reached $835,000, with a living area of 2,748 square feet, resulting in a price of $304 per square foot. This deal was also finalized on November 19.
6. The single-family home at 2 Equestrian Lane sold for $845,000, measuring 3,638 square feet, translating to $232 per square foot. This house was finalized on November 17.
5. The property at 2 Evergreen Lane in Haddonfield sold for $849,500, with a living area of 2,391 square feet, marking a price of $355 per square foot. The deal closed on November 13.
4. A single-family home at 110 Rue Du Boise was sold for $975,000, featuring 3,160 square feet at $309 per square foot, finalized on November 18.
3. The residence at 656 Pomona Ave. in Haddonfield sold for $1,170,000. Built in 1949 and encompassing 1,892 square feet, it achieved an impressive $618 per square foot, with the sale completed on November 13.
2. At 38 Tanner Street, a detached house sold for $1,525,000, with 2,288 square feet at a staggering $667 per square foot, also finalized on November 13.
1. Finally, the highest sale was the single-family residence at 326 Ardmore Ave., which sold for $1,735,000. Built in 1954 and comprising 1,516 square feet, this home commanded a remarkable $1,144 per square foot.
The real estate market in the Cherry Hill area is witnessing unprecedented activity, making now a critical moment for buyers and sellers alike. With multiple properties selling for over a million dollars, industry experts suggest that this trend may continue as interest rates remain favorable.
Stay tuned for more updates as this developing story unfolds, and watch for potential impacts on the local market and future real estate trends in the region.
