URGENT UPDATE: A total of 17 homes were sold in Berkeley from October 27 to November 2, marking a significant surge in real estate activity. The median sale price during this period reached $340,000 for a 1,124-square-foot home located on Bonaire Drive in Toms River.
The real estate market is heating up, with notable transactions recorded across various neighborhoods. In Bayville, a four-bedroom home at 43 Harborage Ave. sold for $340,500, while another property at 21 Park Ave. fetched $375,000 for its 1,060-square-foot layout.
Key sales include:
- At 6 Travelers Way, a spacious 1,955-square-foot home sold for $820,000, highlighting the demand for larger residences.
- Another standout sale took place at 295 Allen Road, where a 2,310-square-foot property was purchased for $885,000.
This rapid turnover of homes signifies a robust real estate market in the area, as buyers are eager to invest in desirable locations. 12 Jericho Road and 10 Lyford Court also saw transactions, with prices of $260,000 and $266,000, respectively, reflecting a diverse range of budgets among buyers.
With the home sales continuing to trend upward, potential buyers and investors are advised to stay alert for new listings and market developments. The increasing property values are not only indicative of the area’s desirability but also reflect broader economic conditions that are driving this growth.
This week’s transactions are a clear signal that the Berkeley real estate market is experiencing a dynamic shift, making it essential for prospective homeowners and investors to act quickly. Stay tuned for more updates as the market continues to evolve.
