UPDATE: A total of 17 homes were sold in Berkeley from October 27 to November 2, reflecting the ongoing dynamics in the real estate market. The median sale price reached $340,000, highlighting significant activity in the region.
In a standout transaction, a 1,124-square-foot home on Bonaire Drive in Toms River sold for $340,000. This sale, along with others, marks a critical moment for homebuyers and sellers navigating the current market landscape.
Here are some key sales from the past week:
– **Bayville**:
– 43 Harborage Ave.: Sold for $340,500, 1,242 square feet, $274 per square foot, featuring four bedrooms and one bathroom.
– 21 Park Ave.: Sold for $375,000, 1,060 square feet, $354 per square foot, with three bedrooms and one bathroom.
– **Toms River**:
– A notable sale at 6 Travelers Way closed for $820,000. This 1,955-square-foot property features three bedrooms and three bathrooms, priced at $419 per square foot.
– Another significant listing, 295 Allen Road, fetched $885,000, covering 2,310 square feet with three bedrooms and three bathrooms.
Additional sales include:
– **2 Concord Lane**: Sold for $100,000, 1,091 square feet, $92 per square foot, two bedrooms and one bathroom.
– **17 La Casta Court**: Sold for $235,000, 757 square feet, $310 per square foot, two bedrooms and one bathroom.
– **12 Jericho Road**: Sold for $260,000, 1,153 square feet, $225 per square foot, two bedrooms and one bathroom.
The rapid pace of transactions signifies a robust housing market in these areas, drawing interest from potential buyers and investors alike. As median prices fluctuate, many are eager to capitalize on current market trends.
Real estate experts indicate that the consistent sales activity is a positive sign for the economy, reflecting buyer confidence despite economic uncertainties. The latest data shows that homes are moving quickly, with various properties appealing to a wide range of buyers.
What’s Next? Homebuyers and sellers should stay tuned for more updates as the market continues to evolve. With prices and demand fluctuating, those involved in real estate transactions in Berkeley and surrounding regions will want to keep a close eye on upcoming trends.
Share this urgent update with anyone looking to navigate the Berkeley real estate market!
