BREAKING: Montclair’s real estate market is buzzing with 8 home sales reported from July 7 to July 13. This surge in transactions highlights a significant interest in the area, with the highest sale reaching an impressive $2,101,000 for a spacious 2,862-square-foot home.
The standout property is located at 22 Duryea Road, showcasing a remarkable price-per-square-foot of $734. This trend underscores the growing demand for homes in Montclair, as buyers are eager to secure properties in this desirable location.
In addition, a notable transaction occurred at 232 Claremont Avenue, where a 1,500-square-foot home sold for $729,000. This sale reflects the median price for the week, emphasizing the competitive nature of the market.
Here’s a quick overview of the recent transactions:
– 25 Washington Street: Sold for $180,000, 2,649 sq ft ($68/sq ft)
– 7 Franklin Ave: Sold for $500,000, 1,556 sq ft ($321/sq ft)
– 12 Enfield Ave: Sold for $508,000, 1,778 sq ft ($286/sq ft)
– 242 McCosh Road: Sold for $640,000, 1,748 sq ft ($366/sq ft)
– 30 Edgecliff Road: Sold for $905,000, 2,523 sq ft ($359/sq ft)
– 142 Maple Ave: Sold for $1,225,000, 2,777 sq ft ($441/sq ft)
These transactions highlight a vibrant market, as buyers are actively engaging in the competitive landscape of Montclair real estate. With homes flying off the market, potential buyers should act quickly to secure their dream home.
Analysts from Real Estate Newswire, powered by Propmix, report that this uptick in sales is indicative of broader trends in the national real estate market, where demand continues to rise despite economic uncertainties.
As the market evolves, keep an eye on Montclair for future developments. With properties selling fast and prices on the rise, this area is becoming increasingly attractive to homebuyers looking for a thriving community.
Stay tuned for more updates as the situation develops.
