UPDATE: Newark’s real estate market just witnessed a significant surge! A stunning single-family home at 98 Ferry Street has sold for a staggering $2.2 million, leading the list of the most expensive residential sales in the Newark area from September 29 to October 5. This sale highlights a booming housing market with a total of 38 residential properties changing hands during this week alone, averaging a sale price of $377,485.
The Newark area is buzzing with activity as real estate prices continue to climb. The average price per square foot for these homes reached $276, showing a robust demand for housing in the region. The following are the top ten most expensive sales recorded:
10. $545,000 – A charming 1,982-square-foot home at 297 Garside Street, built in 1887, sold on September 3.
9. $556,000 – A spacious 2,748-square-foot residence at 113 Avon Ave, constructed in 1902, also finalized on September 3.
8. $600,000 – A modern home at 125 S. Eighth Street #127, built in 2004, closed on August 28.
7. $630,000 – A historic 1,390-square-foot house at 95 Mount Prospect Ave, built in 1882, sold on August 27.
6. $640,000 – A contemporary home at 433 Avon Ave #435, completed in 2003, finalized on August 29.
5. $650,000 – A lovely 2,269-square-foot property at 78 S. Sixth Street, built in 1907, sold on August 29.
4. $655,000 – A spacious 2,708-square-foot residence at 159 Pomona Ave, built in 1924, finalized on August 28.
3. $675,000 – A sizeable 2,836-square-foot home at 287 Garside Street, constructed in 1998, sold on September 3.
2. $950,000 – An expansive 4,023-square-foot home at 265 Walnut Street, built in 1900, finalized on September 2.
As Newark’s housing market continues to thrive, prospective buyers and investors are taking note of these remarkable sales. The $2.2 million sale at 98 Ferry Street not only sets a new benchmark but reflects the growing interest in Newark’s real estate sector.
The implications of these transactions extend beyond mere numbers; they demonstrate a vibrant community eager to invest in its future. Each sale contributes to the local economy, fostering growth and development.
What’s next? Keep an eye on Newark’s real estate market as it evolves, with more listings expected in the coming weeks. This surge in sales could signal a tight market for homebuyers, making it essential for interested parties to act quickly.
Stay tuned for more updates as Newark continues to make headlines in the real estate sector!
