UPDATE: A stunning residential property in Little Falls has topped the latest real estate market report, selling for an impressive $1.54 million in the week of October 20-26, 2023. This sale is part of a larger trend as 70 residential properties changed hands in Passaic County during this period, with the average sale price reaching $647,586.
The most expensive sale, at 1585 Us Highway 46 in Little Falls, was finalized on September 19. The property boasts a spacious living area that highlights the premium market trend currently sweeping the county.
This week’s data showcases a surge in high-value transactions, attracting significant attention from both buyers and investors. The average price per square foot in the county has settled at $323, indicating robust market activity.
Here’s a breakdown of the top ten most expensive home sales from the past week:
10. $850K: A single-family home at 1135 Ringwood Ave. in Pompton Lakes sold for $850,000, offering 4,436 square feet of living space. The deal was finalized on September 22.
9. $869K: Located at 16 Baldwin Terrace in Wayne, this detached house sold for $869,000. The property spans 2,154 square feet and was finalized on September 19.
8. $900K: The home at 97 Green Knolls Drive in Wayne sold for $900,000. Built in 1952, it offers 2,336 square feet and was finalized on September 22.
7. $962K: A condominium at 50 Quarry Drive in Woodland Park was sold for $962,000, covering 2,172 square feet. The transaction was completed on September 19.
6. $980K: Another single-family house at 6 Kipp Court in Wayne sold for $980,000, with a living area of 3,350 square feet. The deal was finalized on September 24.
5. $999K: The property located at 6 Webster Drive in Wayne sold for $999,000. This residence spans 2,577 square feet and was completed on September 22.
4. $1.1 million: A home at 471 Us Highway 46 in Wayne closed for $1,100,000 on September 19.
3. $1.4 million: A luxurious residence at 7 Soldatovic Court in Wayne fetched $1,400,000. Covering 4,255 square feet, the sale was finalized on September 23.
2. $1.5 million: The single-family home at 9 Apple Lane in Wayne sold for $1,450,000, with a living area of 3,732 square feet. This deal was also finalized on September 22.
The real estate market in Passaic County is showing no signs of slowing down, with buyers eager to invest in high-value properties. As home prices continue to surge, potential buyers are advised to act quickly to secure their dream homes amidst this competitive landscape.
Stay tuned for more updates as the real estate market evolves and new sales are recorded across the region.