UPDATE: In a significant real estate movement, Berkeley has reported a total of 17 home sales from October 27 to November 2. This surge in transactions highlights a vibrant market, with the median sale price reaching $340,000 for a 1,124-square-foot home located on Bonaire Drive in Toms River.
The latest figures reveal strong buyer interest across the area, indicating a competitive housing market. Notable sales include:
– **Bayville**:
– 43 Harborage Ave sold for $340,500, featuring 1,242 square feet with four bedrooms and one bathroom.
– 21 Park Ave fetched $375,000 for a 1,060-square-foot home with three bedrooms.
– **Toms River**:
– A standout transaction involved 6 Travelers Way, which sold for an impressive $820,000. This 1,955-square-foot residence boasts three bedrooms and three bathrooms.
– Another highlight is 295 Allen Road, which commanded $885,000 for its spacious 2,310 square feet.
These transactions reflect a growing demand for homes in the region. The median price of $340,000 for the period underscores a positive trend for sellers and investors alike, with homes averaging around $302 per square foot.
As buyers rush to secure properties before prices rise further, experts suggest that this trend may continue, driven by low inventory and high demand. The urgency in the market is palpable, with many potential homeowners eager to find their dream residences in this sought-after area.
Local real estate agents are closely monitoring these developments, advising potential buyers to act quickly. “With the current pace of sales, waiting could mean missing out on the perfect home,” stated a local real estate expert.
Watch for ongoing developments in Berkeley’s real estate market as we continue to report on this dynamic situation. The next few weeks will be crucial for buyers and sellers alike, as inventory levels and market conditions evolve.
Stay tuned for updates on other regions, including Toms River and Vineland, as additional home sales data becomes available.
