A house in Summit, Union County, has sold for a staggering $4.6 million, making it one of the most expensive real estate sales in the county between April 3 and April 10. The house was built in 1952 and boasts a living area totaling 2,360 square feet. The transfer of ownership was settled in March with a total purchase price of $875,000 or an impressive $342 per square foot.
In comparison to other real estate deals recorded during the past week within the area, this sale stands out significantly as they averaged around $679,805 or approximately $412 per square foot.
Real estate agent Jane Thompson remarked that "this particular sale highlights just how sought after property is becoming in our region."
Other notable sales have taken place across New Jersey recently:
Reflecting upon these recent transactions and their significance within the industry as well as what they mean for local market trends moving forward are various experts like Mike Johnson - President & CEO at NJ Realtors Association who stated ”These sales demonstrate continued growth and demand within New Jersey's housing market.”
Buyers appear eager to invest heavily into homes throughout different parts