UPDATE: The Princeton real estate market has just recorded a significant surge, with the most expensive home selling for $1.4 million during the week of September 8-14. This week’s data reveals a total of six residential sales, showcasing a robust average sale price of $865,725 and an impressive average price per square foot of $499.
The standout sale was a single-family residence at 73 Bayberry Road, which changed hands for $1.4 million. Built in 1951, this 1,166-square-foot home commanded a remarkable price of $1,201 per square foot. The deal was finalized on August 20, highlighting the demand for high-end properties in the area.
Here’s a breakdown of the top five most expensive homes sold in Princeton last week:
5. $320,000 – Single-family residence at 1803 Muriel Court
Finalized on August 18, this 1,130-square-foot home was built in 1985, achieving a price of $283 per square foot.
4. $450,000 – Detached house at 1036 Canal Road
This historic home, constructed in 1840, sold for $450,000 and was finalized on August 28.
3. $699,350 – Single-family home at 50 Truman Ave.
This 1,922-square-foot property, built in 2003, sold for $699,350, translating to $364 per square foot. The sale was completed on August 27.
2. $725,000 – Single-family residence at 13 Castleton Road
Finalized on August 27, this home, built in 1996, features a living area of 2,013 square feet, with a price per square foot of $360.
Real estate experts credit this surge to a combination of low inventory and high demand for prime locations in Princeton. Buyers are eager to invest in the area, driving up competition and prices.
As the market continues to evolve, potential homebuyers and investors are advised to stay tuned for more updates. The next weeks could see further developments as new properties enter the market, and current trends persist.
For more insights on the latest real estate trends, stay connected as we report on emerging data and market shifts.
