In the bustling market of East Orange, a notable residential property made headlines by selling for $810,000, the highest price recorded in the area for the week of October 7th to 13th. Over this period, nine real estate transactions were documented, highlighting a burgeoning demand within the region. On average, properties sold for around $481,704, with a calculated price per square foot averaging $245, reflecting both the desirability of the area and current market conditions.
The sales figures presented in this report correspond to transactions where the title was officially recorded within the week, although some of these properties might have been finalized earlier. This trend is part of a broader pattern in the region, as evidenced by similar high-value sales activity across New Jersey, including markets in Berkeley, Evesham, Manchester, Howell, and North Brunswick. As these areas experience dynamic shifts, prospective buyers and sellers should stay informed on real estate trends to make strategic decisions.
This comprehensive record emphasizes the importance of understanding when and where properties officially change hands, offering a clear view of the East Orange real estate landscape for both current and future investors.