BREAKING: A stunning single-family home in Parsippany has just sold for $7.3 million, making it the most expensive residential real estate transaction in the Parsippany-Troy Hills area for the week of November 10-16. This record-setting sale highlights a surge in high-end residential activity with a total of 13 homes sold, averaging $3.6 million each.
In the heart of this bustling real estate landscape, the property at 2 Eastmans Road was finalized on October 28. Built in 1964, this lavish estate showcases the growing demand for luxury homes in the area.
Other notable sales include:
– **$1.1 million** for a home at 4 Shelter Cove Road in Morris Plains, finalized on **October 29**.
– **$850,000** for a residence at 303 Mountain Way, also in Morris Plains, concluded on **October 27**.
The list continues with homes priced from **$299,000** to **$690,000**, reflecting a diverse real estate market. For example, a single-family home at 56 Calumet Ave. in Lake Hiawatha sold for **$410,000**, with the deal closing on **October 28**.
These latest figures underscore the robust housing market in Parsippany-Troy Hills, where prices have surged to an average of $275 per square foot. The demand for properties continues to rise, indicating a strong interest in the area.
As the market evolves, potential buyers and investors are keenly watching these developments. With luxury listings moving quickly, those interested in high-end real estate should act fast to secure their dream homes.
For ongoing updates on the real estate market, stay tuned as we provide the latest insights and trends affecting buyers and sellers alike in this dynamic region.
