UPDATE: A stunning single-family home in Parsippany has just sold for an eye-popping $7.3 million, making it the highest residential sale in the Parsippany-Troy Hills area for the week of November 10-16. This sale is part of a flurry of real estate activity, with a total of 13 homes changing hands, averaging $3.6 million each.
The remarkable property at 2 Eastmans Road was built in 1964 and finalized its sale on October 28. The high price tag reflects the increasing demand for luxury homes in the area, underscoring a significant trend in the local real estate market.
Here’s a breakdown of the other most expensive sales this week:
1. **$7.3 Million** – 2 Eastmans Road, Parsippany (sold October 28)
2. **$1.1 Million** – 4 Shelter Cove Road, Morris Plains (sold October 29)
3. **$850,000** – 303 Mountain Way, Morris Plains (sold October 27)
4. **$849,000** – 113 Glenbrook Road, Morris Plains (sold October 28)
5. **$690,000** – 28 Liberty Court, Parsippany (sold October 30)
6. **$550,000** – 65 Preston Road, Parsippany (sold October 28)
7. **$500,000** – 25 Carlson Place, Lake Hiawatha (sold October 28)
8. **$465,000** – 16 Caldwell Road, Parsippany (sold October 27)
9. **$410,000** – 56 Calumet Ave, Lake Hiawatha (sold October 28)
10. **$299,000** – 2467 State Route 10 BLDG30-6B, Morris Plains (sold October 28)
These sales reflect a vibrant market where buyers are eager to invest in real estate. The average price per square foot for the properties sold this week was approximately $275, indicating strong value retention in the region.
As the luxury market continues to thrive, potential buyers and investors should keep a keen eye on upcoming listings in the Parsippany-Troy Hills area, as demand shows no signs of slowing down. Authorities report that this trend could lead to even higher prices in the coming weeks.
Stay tuned for more real estate updates as we track these developments closely.
