UPDATE: A total of 17 homes were sold in Berkeley between October 27 and November 2, showcasing a vibrant real estate market with significant transactions. The median sale price for this period was a notable $340,000 for a 1,124-square-foot home located on Bonaire Drive in Toms River.
The most expensive property sold was a stunning 2,310-square-foot home at 295 Allen Road, which fetched $885,000. This highlights the growing demand for larger homes in the area. Meanwhile, a charming 1,955-square-foot residence at 6 Travelers Way sold for $820,000, demonstrating that buyers are willing to invest significantly for desirable features.
In Bayville, notable sales included 43 Harborage Ave. at $340,500 and 21 Park Ave. at $375,000. These transactions reflect an active market, with prices ranging from $274 to $354 per square foot.
Authorities report that the surge in home sales is driven by a combination of low interest rates and a growing population seeking homes in the region. Buyers are particularly interested in family-friendly neighborhoods with good schools and amenities.
As the real estate landscape continues to evolve, potential buyers and investors should stay alert for new listings and market trends. The upcoming weeks will be crucial to watch, as more homes are expected to hit the market amid rising demand.
Stay tuned for further updates on real estate transactions in Berkeley and surrounding areas.
