URGENT UPDATE: A stunning single-family home in Parsippany has sold for a whopping $7.3 million, making it the most expensive residential sale in the **Parsippany-Troy Hills** area from **November 10 to 16, 2023**. This major transaction underscores the thriving luxury real estate market in the region, with a total of 13 residential sales recorded last week, averaging $3.6 million per property.
The record-setting sale occurred at **2 Eastmans Road**, a remarkable property built in **1964**. This deal, finalized on **October 28**, showcases the growing demand for high-end homes in the area.
The real estate market has been buzzing with activity, and the details reveal a mix of properties that reflect diverse buyer interests. Here’s a breakdown of the ten most expensive homes sold last week:
1. **$7.3 million** – 2 Eastmans Road, Parsippany (Built 1964)
2. **$1.1 million** – 4 Shelter Cove Road, Morris Plains (Built 1986)
3. **$850,000** – 303 Mountain Way, Morris Plains (Built 1958)
4. **$849,000** – 113 Glenbrook Road, Morris Plains (Built 1949)
5. **$690,000** – 28 Liberty Court, Parsippany (Built 1949)
6. **$550,000** – 65 Preston Road, Parsippany (Built 1952)
7. **$500,000** – 25 Carlson Place, Lake Hiawatha (Built 1960)
8. **$465,000** – 16 Caldwell Road, Parsippany (Built 1951)
9. **$410,000** – 56 Calumet Ave, Lake Hiawatha (Built 1940)
10. **$299,000** – 2467 State Route 10 BLDG30-6B, Morris Plains (Built 1960)
These sales reflect a robust interest in both luxurious and more modest homes, with prices ranging from **$299,000** to the eye-popping **$7.3 million**.
Why This Matters NOW: The real estate market’s surge indicates a strong demand for housing in Parsippany-Troy Hills, a trend that could impact future pricing and availability for prospective buyers. With the average price per square foot in the area reaching **$275**, homeowners and investors alike are keenly watching these developments.
As the week closes, real estate experts will be monitoring these trends closely. The rapid activity suggests a competitive landscape, with buyers eager to secure properties before prices potentially escalate further.
Stay tuned for more updates on local real estate trends and significant sales as they develop. This week’s transactions have set a new benchmark, reflecting the vibrant and evolving nature of the Parsippany housing market.
