UPDATE: Between September 15 and 21, 2023, prospective homebuyers in Atlantic County faced an array of options as several homes priced at or below $500,000 changed ownership. This surge in real estate activity highlights the ongoing demand for affordable housing in the region.
During this week, multiple properties were sold, reflecting a vibrant market that is crucial for buyers on a budget. Here’s a snapshot of the top transactions, showcasing homes that offer significant living space for their price.
1. **$500,000** – A condominium at 9506 Ventnor Ave. was sold for $500,000, or $667 per square foot. The 750 square foot unit was finalized on August 18, 2023.
2. **$450,000** – A detached house at 3180 Nesco Road changed hands for $450,000. Built in 1968, it was sold on August 18, 2023.
3. **$450,000** – A single-family home at 516 Fourth Ave. was purchased for $450,000 ($240 per square foot). The 1,874 square foot property includes a sprawling 4.9-acre lot and was sold on August 18, 2023.
4. **$435,000** – A residence at 668 Cypress Point Drive fetched $435,000 ($221 per square foot). This 1,965 square foot home, built in 2003, was finalized on August 21, 2023.
5. **$425,000** – Located at 400 Berkshire Drive, this single-family house spans 1,576 square feet and was sold for $425,000 ($270 per square foot) on August 21, 2023.
6. **$419,900** – A property at 50 Lewis Drive was sold for $419,900, translating to $177 per square foot. The home, offering 2,372 square feet of living space, was finalized on August 18, 2023.
7. **$408,000** – At 3025 Elwood Road, a detached house was sold for $408,000 ($283 per square foot). This property, built in 1975, covers 1,440 square feet and was finalized on August 19, 2023.
8. **$395,000** – A single-family home at 47 Chapman Blvd. sold for $395,000 ($310 per square foot). The 1,276 square foot house was finalized on August 19, 2023.
9. **$375,000** – A property at 614 W. Vernon Ave. changed ownership for $375,000. The home spans 936 square feet and was sold on August 21, 2023.
10. **$370,000** – A condominium at 4500 W. Brigantine Ave. was sold for $370,000 ($410 per square foot) and includes 902 square feet of living space. The deal was finalized on August 21, 2023.
This week’s sales demonstrate a robust market for affordable homes, providing opportunities for first-time buyers and families alike. With increasing interest in Atlantic County’s real estate, potential buyers are encouraged to act quickly as inventory may not last long.
The landscape of home buying is shifting, and these developments emphasize the importance of swift decision-making for those seeking to enter the market. Stay tuned for more updates as the situation evolves.
