UPDATE: A stunning home sale has just rocked the Passaic County real estate market, with a single-family house in Paterson selling for a whopping $1.2 million during the week of September 22-28. This sale leads a total of 64 residential transactions recorded in the county, with an average price of $525,246 or $260 per square foot.
The notable sale at 50 Camden Street in Paterson was finalized on August 27, marking it as the most expensive residential property sold in the past week. The escalating property values in the area highlight a significant trend in the local real estate market that homebuyers and investors should note.
Here’s a look at the other high-ticket sales from the week:
10. A $737,000 single-family home at 44 Bartsch Ave., Woodland Park, with a living area of 2,066 square feet, sold on August 26.
9. The detached house at 1 Brook Court in Little Falls closed for $741,500. This 1,550-square-foot home was finalized on August 26.
8. A single-family house at 15 Coventry Road in Wayne was sold for $749,000 on August 25. It features 1,898 square feet of living space.
7. The property at 208 Lafayette Ave. in Hawthorne sold for $810,000. This home, built in 1918, offers 2,564 square feet and was finalized on August 22.
6. Another home at 324 Dixon Ave. in Paterson sold for $810,000, with a living area of just 1,188 square feet. This deal also closed on August 26.
5. The single-family residence at 33 Newark Pompton Turnpike in Little Falls was finalized for $825,000 on August 25.
4. A home at 28 Vine Street in North Haledon sold for $845,000, covering 2,310 square feet, finalized on August 27.
3. The property at 78 Clinton Street in Paterson changed hands for $950,000, with 1,292 square feet of living space, finalized on August 26.
2. A detached house at 7 Cranberry Court in North Haledon was sold for $1,050,000. This 3,228-square-foot home was finalized on August 27.
The surge in high-value real estate sales illustrates an evolving market in Passaic County, with properties flying off the market at unprecedented prices. The growing interest in this area suggests a bright future for both buyers and sellers.
Stay tuned for more updates on this developing story, and keep an eye on Passaic County’s real estate trends as they continue to unfold!