UPDATE: Prospective homebuyers in Atlantic County had significant opportunities last week as a series of homes priced at or below $500,000 were sold. From September 15 to 21, 2023, a variety of properties changed hands, providing options for buyers looking to enter the competitive real estate market.
During this pivotal week, homes in various neighborhoods were recorded as sold, reflecting the ongoing demand for affordable housing. The following is a summary of the top ten properties that were sold, highlighting their key features and selling prices.
1. Sold for $500,000, a condominium at 9506 Ventnor Ave. spans 750 square feet and was finalized on August 18. This property, built in 1963, offers a price of $667 per square foot.
2. A detached house at 3180 Nesco Road changed ownership for $450,000. Constructed in 1968, it was finalized on August 18.
3. Another single-family home at 516 Fourth Ave. sold for $450,000, covering 1,874 square feet. This property was finalized on August 18 and includes a substantial 4.9-acre lot.
4. A single-family residence at 668 Cypress Point Drive was sold for $435,000 on August 21. The home, built in 2003, offers 1,965 square feet of living space.
5. At 400 Berkshire Drive, a home sold for $425,000, spanning 1,576 square feet. The deal was finalized on August 21.
6. A property located at 50 Lewis Drive was sold for $419,900, with a living area of 2,372 square feet. This sale was completed on August 18.
7. A detached house at 3025 Elwood Road sold for $408,000 on August 19. The property covers 1,440 square feet and includes a 5.0-acre lot.
8. Located at 47 Chapman Blvd., a single-family house sold for $395,000 on August 19, spanning 1,276 square feet.
9. A historic home at 614 W. Vernon Ave. sold for $375,000, covering 936 square feet. The sale was finalized on August 21.
10. Lastly, a condominium at 4500 W. Brigantine Ave. changed hands for $370,000, finalized on August 21. This property offers 902 square feet of living space.
These recent sales highlight a vibrant market for affordable homes, appealing to a wide range of buyers seeking to settle in Atlantic County. The urgency for homebuyers to act now is critical, as properties in this price range are moving quickly.
For those considering a purchase, it is essential to stay informed on the latest listings and price movements in the area. With the demand for affordable housing rising, these developments are a clear signal that the market is active and competitive.
Buyers and investors alike should monitor this evolving situation closely, as new listings continue to emerge, and prices fluctuate. The next weeks will be pivotal for anyone looking to secure a home under $500,000 in this increasingly sought-after region.