UPDATE: A stunning residential sale in Newark has made headlines as a single-family home at 98 Ferry Street #100 sold for a remarkable $2.2 million this week. This sale leads the list of the most expensive homes sold in the Newark area from September 29 to October 5, highlighting the booming real estate market in the region.
During this period, a total of 38 residential properties changed hands, with the overall average sale price reaching $377,485. The average price per square foot across these transactions stood at $276, indicating a strong demand for homes in Newark.
The list of noteworthy sales includes:
1. **$2.2 million** for a detached house at **98 Ferry Street #100** – Finalized on **August 29**, this luxurious property sets the bar for the week’s sales.
2. **$950,000** for a detached house at **265 Walnut Street** – This spacious home, built in **1900** and measuring **4,023 square feet**, sold on **September 2**.
3. **$675,000** for a single-family home at **287 Garside Street** – This **2,836-square-foot** residence, built in **1998**, closed on **September 3**.
4. **$655,000** for a single-family residence at **159 Pomona Ave.** – Built in **1924**, this property offers **2,708 square feet** and was finalized on **August 28**.
5. **$650,000** for a detached house at **78 S. Sixth Street** – This **2,269-square-foot** home, constructed in **1907**, saw its deal wrapped up on **August 29**.
6. **$640,000** for a single-family home at **433 Avon Ave. #435** – Finalized on **August 29**, this property features **2,134 square feet**.
7. **$630,000** for a single-family home at **95 Mount Prospect Ave.** – This **1,390-square-foot** home, built in **1882**, closed on **August 27**.
8. **$600,000** for a residence at **125 S. Eighth Street #127** – Completed on **August 28**, this house was built in **2004** and measures **2,128 square feet**.
9. **$556,000** for a single-family house at **113BLOOMFI Avon Ave.** – Finalized on **September 3**, this property was built in **1902** and spans **2,748 square feet**.
10. **$545,000** for a detached house at **297 Garside Street** – This **1,982-square-foot** home, built in **1887**, closed on **September 3**.
The surge in high-value sales reflects a vibrant real estate market in Newark, attracting buyers eager to invest in the area. These transactions indicate an increasing trend in property values, making Newark a hotspot for potential homeowners and investors alike.
As the market continues to develop, real estate experts suggest keeping an eye on upcoming sales and trends. With such strong demand, future listings may see even higher prices and competition among buyers.
For ongoing updates and to explore more about the Newark real estate market, stay tuned to our latest news alerts. This is an exciting time for homebuyers and sellers in Newark!