UPDATE: A significant surge in real estate activity has been reported in the Old Bridge area, with 14 homes sold between November 17 and November 23, 2023. The real estate market is heating up, showcasing a variety of properties that are drawing buyers’ attention.
The standout transaction was an 890-square-foot home on Liberty Street in South Amboy, which sold for an impressive $530,000. This sale highlights the robust demand for housing in the region, as buyers are willing to invest significantly in smaller properties.
Here’s a quick breakdown of notable sales during this period:
– Aberdeen: 59 White Oak Lane sold for $736,059 at 2,395 square feet, equating to $307 per square foot.
– Matawan: 167 Penn Court closed at $360,000, featuring 1,412 square feet at $255 per square foot.
– Old Bridge: 114 Wilshire Court sold for $255,000, offering 1,452 square feet at $176 per square foot.
– Spotswood: 25 Evergreen Street went for $400,000, with 1,512 square feet listed at $265 per square foot.
These transactions reflect a dynamic market, with properties varying in size and price, indicating diverse buyer needs. The median sale price in the area underscores a strong interest in real estate investment, particularly in sought-after neighborhoods.
As housing demand continues to rise, potential buyers and investors should stay alert for new listings and emerging trends. With further developments expected in the coming weeks, the real estate landscape in Old Bridge remains a key area to watch.
For those interested in home purchasing options, a range of properties are now available across various price points. The real estate market’s vibrancy offers opportunities for both buyers seeking new homes and investors looking for profitable ventures.
Stay tuned for more updates on real estate transactions across the region as the market remains active and evolving.