UPDATE: New reports confirm a surge in property sales under $500,000 in Atlantic County from September 15 to 21, 2023. Homebuyers are responding to a diverse range of affordable options across the region, with significant transactions recently completed.
The real estate market has seen heightened activity, particularly for homes priced at or below $500,000. The following highlights the most notable sales within this price range, reflecting a growing interest in accessible housing.
1. At the top of the list, a condominium located at 9506 Ventnor Ave. was sold for $500,000, translating to $667 per square foot. This property features 750 square feet of living space and was finalized on August 18.
2. Another significant sale occurred at 3180 Nesco Road, where a detached house built in 1968 sold for $450,000. This property changed hands on August 18.
3. A single-family home at 516 Fourth Ave. sold for $450,000 as well, providing 1,874 square feet of living area on a 4.9-acre lot. The deal was finalized on August 18.
4. The property at 668 Cypress Point Drive sold for $435,000, offering 1,965 square feet of space. This home was built in 2003 and finalized on August 21.
5. At 400 Berkshire Drive, a single-family house was sold for $425,000, encompassing 1,576 square feet of living area. The deal was finalized on August 21.
6. A residence located at 50 Lewis Drive was sold for $419,900, translating to $177 per square foot. This property offers 2,372 square feet and was finalized on August 18.
7. The home at 3025 Elwood Road changed ownership for $408,000, with a total living area of 1,440 square feet. Finalized on August 19, this property sits on a 5.0-acre lot.
8. Another notable sale occurred at 47 Chapman Blvd., where a house sold for $395,000. This property has 1,276 square feet and was finalized on August 19.
9. A historic home at 614 W. Vernon Ave. changed hands for $375,000. Built in 1917, this property offers 936 square feet of living space and was finalized on August 21.
10. Lastly, a condominium at 4500 W. Brigantine Ave. sold for $370,000, providing 902 square feet. This transaction was completed on August 21.
These transactions highlight the ongoing demand for affordable housing in Atlantic County, making it an appealing option for prospective buyers looking to enter the market. As the real estate landscape evolves, buyers and sellers alike are urged to stay informed about upcoming opportunities.
For continuous updates on property sales and real estate trends, stay tuned. The market is shifting rapidly, and now is the time to act!
