UPDATE: In a surprising surge, 14 homes were sold in West Orange from October 13 to October 19, marking a significant activity in the local real estate market. The most notable sale was a stunning 1,907-square-foot home on Giordano Drive, which changed hands for $700,000.
The median sale price reflects a robust market, with homes ranging widely in size and value. Notably, the highest sale recorded during this period was a lavish 10,300-square-foot property on Oak Bend Road, which sold for a staggering $3,200,000. This highlights the increasing demand and competitive nature of real estate in West Orange.
Here’s a quick breakdown of key transactions from last week:
– 18 Edgemont Road: Sold for $400,000, 1,635 square feet, $245 per square foot
– 10 Smith Manor Blvd: Sold for $407,500, 1,505 square feet, $271 per square foot
– 4 Buchanon Court: Sold for $510,000, 1,305 square feet, $391 per square foot
– 4 Yale Terrace: Sold for $590,000, 1,738 square feet, $339 per square foot
– 33 Mitchell Street: Sold for $600,000, 2,142 square feet, $280 per square foot
– 10 Roosevelt Ave: Sold for $620,000, 2,388 square feet, $260 per square foot
– 18 Fundus Road: Sold for $625,000, 1,066 square feet, $586 per square foot
– 158 Old Indian Road: Sold for $710,000, 1,544 square feet, $460 per square foot
– 5 Terrace Ave: Sold for $736,000, 1,568 square feet, $469 per square foot
– 44 Fitzrandolph Road: Sold for $750,000, 2,086 square feet, $360 per square foot
– 32 Harriet Street: Sold for $802,500, 1,544 square feet, $520 per square foot
– 43 Crystal Ave: Sold for $890,888, 1,479 square feet, $602 per square foot
The rapid frequency of transactions suggests a strong local interest in home purchases, potentially influenced by favorable market conditions and low interest rates. Buyers are keen to seize opportunities, as highlighted by the premium prices for well-located properties.
As the West Orange real estate market continues to develop, prospective buyers and sellers alike should stay informed about these trends. The latest activity underscores the importance of acting quickly in this competitive environment.
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