UPDATE: A stunning residential real estate surge has just been reported in Essex County, with a jaw-dropping $9.3 million sale topping the charts for the week of November 3-9, 2023. In total, 93 homes changed hands, reflecting a dynamic market with an average sale price of $839,595. This surge signals a vibrant demand for luxury properties in the area.
The most expensive property sold, located at 11 Daniel Road in Fairfield, was finalized on October 9. This luxurious home, built in 1970, is a testament to the thriving real estate market in Essex County.
Here’s a look at the top ten most expensive homes sold this past week:
10. $1.5 million – A charming single-family home at 123 Willowdale Ave. in Montclair, sold for $1,500,000, with a living space of 2,980 square feet.
9. $1.5 million – Another single-family residence at 212 Old Sand Road in Fairfield, sold for $1,520,000. This 4,157-square-foot home was completed in 2004.
8. $1.8 million – A beautiful house at 28 S. Mountain Ave. in Montclair fetched $1,750,000, boasting 3,218 square feet of living space.
7. $1.9 million – Located at 373 Grove Road in South Orange, a historic home sold for $1,851,307, showcasing 4,356 square feet built in 1918.
6. $2.1 million – The residence at 6 Melrose Drive in Livingston was sold for $2,100,000, featuring a living area of 1,887 square feet.
5. $2.4 million – A single-family home at 36 Cayuga Way in Short Hills sold for $2,413,000, with a spacious 3,660 square feet.
4. $2.6 million – The property at 129 Maple Ave. in Montclair was finalized at $2,581,000.
3. $2.7 million – Another significant sale occurred at 218 Highland Ave. in Short Hills, where a home sold for $2,675,000.
2. $2.9 million – At 45 Grosvenor Road in Short Hills, a gorgeous residence was sold for $2,850,000.
The rapid activity in Essex County’s real estate market highlights the growing trend for affluent buyers seeking luxury homes. The average price per square foot across the county stands at $359, indicating a healthy market for both buyers and sellers.
As the demand for high-end properties continues to grow, analysts are closely watching how this trend will affect future sales and prices in Essex County. With many buyers eager to invest, the market is expected to remain competitive in the coming weeks.
Stay tuned for more updates as we continue to monitor the evolving real estate landscape in Essex County and beyond.
