UPDATE: A stunning property at 326 Ardmore Ave. in Haddonfield has just sold for an eye-popping $1.7 million, making it the most expensive residential real estate transaction in the Cherry Hill area for the week of December 1-7. This rapid surge in real estate activity highlights a booming market, as a total of 22 homes were sold during this period, with an average price of $683,114.
The real estate frenzy in Cherry Hill is setting records. The average price per square foot across recent sales stands at $333, indicating strong demand. The recent spike in prices is attracting attention from both buyers and sellers.
The list of high-value transactions is dominated by properties in Haddonfield. Notably, the second highest sale was a $1.5 million home at 38 Tanner Street, finalized on November 13. This detached house, boasting 2,288 square feet, sold for a remarkable $667 per square foot.
Here are more details on the top ten most expensive sales:
10. At 222 Dickens Court, a 2,176-square-foot single-family home sold for $637,000, finalized on November 17.
9. A new owner took possession of a home at 1333 Bunker Hill Drive for $675,000 after a sale on November 17.
8. The property at 1 Pawtucket Drive was sold for $710,000, with a living area of 2,485 square feet, finalized on November 19.
7. A home at 6 Wicklow Court is now valued at $835,000. This sale, finalized on November 19, reflects a living space of 2,748 square feet.
6. The sale of a home at 2 Equestrian Lane reached $845,000, finalized on November 17. The house offers 3,638 square feet of living space.
5. A property at 2 Evergreen Lane sold for $849,500, at $355 per square foot, finalized on November 13.
4. A home at 110 Rue Du Boise attracted buyers at $975,000, finalized on November 18.
3. The residence at 656 Pomona Ave. found new owners at $1.17 million, finalized on November 13.
The most remarkable sale was the property at 326 Ardmore Ave., which not only sold for $1.7 million but also features a living area of just 1,516 square feet, resulting in a staggering price per square foot of $1,144. This sale, finalized on November 13, underscores the competitive nature of Cherry Hill’s luxury market.
As the Cherry Hill area continues to experience significant real estate activity, potential buyers should stay alert for more listings and sales. The market shows no signs of slowing down, making this an exciting time for both buyers and sellers in the region.
Stay tuned for more updates on real estate trends and developments in Cherry Hill and surrounding areas.
