Urgent Update: 17 Homes Sold in Berkeley, Prices Surge to $885,000

URGENT UPDATE: New reports confirm that 17 homes were sold in Berkeley from October 27 to November 2, with prices hitting remarkable highs. The median sale price for the area reached $340,000 for a 1,124-square-foot home on Bonaire Drive, reflecting a dynamic real estate market.

Among the sold properties, a standout transaction was a home located at 295 Allen Road, which fetched $885,000. This spacious 2,310-square-foot residence boasts three bedrooms and three bathrooms, priced at $383 per square foot. Such prices indicate a surge in demand for homes in this desirable region.

Additional notable sales include:

• 6 Travelers Way – sold for $820,000, featuring 1,955 square feet, three bedrooms, and three bathrooms.
• 143 Sylvan Lake Blvd. – listed at $392,000, offering 1,557 square feet, with two bedrooms and two bathrooms.
• 21 Park Ave. – sold for $375,000, a cozy 1,060-square-foot property with three bedrooms and one bathroom.

The real estate landscape in Berkeley is witnessing significant growth, with buyers eager to invest in available homes. This latest surge in transactions could reflect broader trends in the housing market, impacting local economies.

For those monitoring the market, this week’s activity is crucial. The properties sold, ranging from $100,000 to nearly $900,000, highlight a diverse array of options for potential buyers. The data indicates a competitive environment, especially for larger homes that are increasingly sought after.

As the real estate market evolves, local authorities are expected to provide further insights into trends and forecasts. Homebuyers and investors should stay tuned for upcoming reports and analyses that will shed light on future movements in the Berkeley housing market.

In addition to the Berkeley sales, interest in nearby areas like Toms River and Bayville is also on the rise, with ongoing transactions reflecting a healthy demand across the region. This week, buyers are encouraged to act swiftly as listings may not remain available for long.

Stay connected for real-time updates on the housing market, as new developments are anticipated in the coming days.