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April 28, 2023

Multi-Million Dollar Real Estate Sales Shake Up New Jersey Market

Multi-Million Dollar Real Estate Sales Shake Up New Jersey Market
Mattie McKinney
Mattie McKinney

In a series of high-profile real estate transactions, multiple homes in various counties across New Jersey have sold for impressive prices between April 17 and April 24. These deals highlight the continued demand for luxury properties in the state.

A house at 1629 Ocean Avenue, Point Pleasant Beach, has become one of the most expensive real estate sales in the area after selling for $2.5 million. The 3,275 square-foot single-family home saw its ownership transfer settled in April with a total purchase price of $1,412,500 or $431 per square foot.

"The sale of this property is indicative of the strong market we're experiencing," said local realtor Jane Thompson. "We're seeing increased interest from buyers both within and outside our community."

Moreover, a residence at 116 Fifth Street in Beach Haven finalized its sale at an impressive $1.742 million.

A luxurious house in Ringoes was recently sold for an astounding $1.4 million - becoming the most expensive real estate transaction between April 17 and April 24th within Hunterdon County.

The spacious single-family residence located at Cul-de-sac Old Field Court features a living area spanning over 3,968 square feet; it was built back in '94 but still boasts modern amenities that make it perfect as either primary residence or second home getaway!

"This particular property offers not only elegance but also functionality," says Robert Jackson III from Jackson & Associates Realty Group Inc., adding that buyers are drawn to such unique offerings due to their rarity on today's market scene.

Another notable deal included a home on Lenore Road which changed hands during March with final purchase sum amounting up towards approximately half-million dollars ($865,000) - making it yet another noteworthy transaction during this period.

In Hackettstown, a home sold for $649,000 between April 17 and April 24. The property is located at 2050 River Road in Phillipsburg and is now under new ownership. This sale marked the most expensive real estate transaction in Warren County during that timeframe.

"The market has been incredibly active recently," said Emily Hernandez of Hernandez Homes Realty Group. "The luxury sector's growth reflects buyers' desire to invest in properties with unique characteristics."

A house built in 1930 located at Vineland was sold for an impressive price tag of $645,000 between April 17-24th; marking itself as being one amongst many most high-priced real estate sales within its area throughout this particular time frame!

With living spaces spread out over more than two thousand square feet (2,039 sqft), buyers were enticed by both vintage charm coupled alongside modern conveniences which ultimately made them decide on purchasing such luxurious abodes.

Margate City saw a single-family home selling for a staggering $1.6 million last week becoming the priciest real estate deal among all others recorded so far within Atlantic County’s borders since April started rolling through calendars.

This charming residence situated just few blocks away from ocean shores boasts generous living quarters spanning across approximately seventeen hundred square-feet (1,702 sqft) while offering potential homeowners stunning views alongside easy access towards nearby recreational facilities & other amenities alike – making it truly irresistible choice indeed!

Overall these multi-million dollar transactions showcase continued demand among affluent individuals looking forward investing into New Jersey's upscale neighborhoods whilst seeking premium quality homes catering towards their refined tastes & preferences!