UPDATE: In a significant surge in real estate activity, 65 homes were sold across Monmouth County from December 1 to December 7, highlighting a robust housing market. The median sale price was a striking $750,000 for a 1,818-square-foot home located on Warren Drive in Matawan.
This week’s transactions reflect a dynamic real estate landscape, with notable sales across various towns. For instance, in Asbury Park, a two-bedroom home at 1615 Park Ave. fetched $600,000, while a larger four-bedroom property on 1107 Comstock Street sold for $825,000. These figures indicate a growing demand for homes in desirable locations.
In Avon By The Sea, a two-bedroom residence at 432 Garfield Ave. sold for an impressive $1,353,000, boasting a price per square foot of $1,017. Homebuyers are clearly willing to invest significantly in prime coastal properties.
Among the higher-end sales, a stunning five-bedroom estate on 135 Rumson Road in Rumson reached $1,999,999, showcasing the appeal of luxury homes in the area. Meanwhile, in Spring Lake, a property at 1207 Holly Place was sold for $999,999, further underscoring the competitive nature of the market.
The latest data from local real estate officials indicates that the median price for homes in Monmouth County continues to rise, driven by low inventory and high buyer interest. This trend is impacting both buyers and sellers, creating urgency for those looking to enter the market.
As we move into the final weeks of the year, potential homebuyers and sellers are advised to stay alert for further developments. The real estate landscape is evolving quickly, and opportunities may be fleeting.
Stay tuned for more updates on real estate trends and transactions in Monmouth County as we monitor the market closely.
