UPDATE: A stunning new report reveals that a single-family home at 1809 E. Fireside Court in Cherry Hill has become the most expensive residential real estate sale in the area this past week, closing at $805,000. This sale marks a significant moment as 18 residential properties were sold in just one week, with an average sale price of $737,722. The urgency in the Cherry Hill housing market is palpable as buyers continue to flock to the region.
During the week of October 27 to November 2, the average price per square foot for these homes was $258, demonstrating an increasing demand for quality real estate. The homes sold included a mix of older properties and newer constructions, appealing to a wide range of buyers.
Here’s a closer look at the top ten transactions:
1. **$805K** – Single-family home at **1809 E. Fireside Court** in Cherry Hill: This 3,450-square-foot residence was built in 1970 and finalized on October 16, achieving a price per square foot of $233.
2. **$739K** – Detached house at **611 Radnor Ave.** in Haddonfield: A charming property with 1,687 square feet, sold for $739,000 on October 20.
3. **$658K** – Single-family residence at **1032 Bobwhite Drive** in Cherry Hill: Sold for $657,500, this home spans 2,815 square feet and closed on October 15.
4. **$555K** – Detached house at **1104 Willowdale Drive**: This home sold for $555,000 on October 20, with a living area of 1,785 square feet.
5. **$550K** – Single-family house at **311 Chestnut Street**: Located in Haddonfield, this property was finalized for $550,000 on October 14.
6. **$535K** – Single-family house at **1108 Crane Drive**: Sold for $535,000 on October 17, this home has 2,431 square feet of living space.
7. **$500K** – Single-family residence at **421 Narragansett Drive**: The home sold for $500,000 on October 20 and offers 2,238 square feet of space.
8. **$500K** – Detached house at **335 Hinchman Ave.**: This property closed for $500,000 and was finalized on October 20.
9. **$480K** – Single-family house at **107 Kitty Hawk Road**: Sold for $480,000 on October 14, it features 1,828 square feet.
10. **$465K** – Single-family home at **382 Tuvira Lane**: This property was finalized at $465,000 on October 16.
The Cherry Hill area continues to see a surge in real estate activity, reflecting broader trends in the housing market. As buyers seek spacious homes in desirable locations, the market remains competitive.
What’s Next? Real estate experts anticipate that this trend will continue, driven by low inventory and high demand. Potential buyers are encouraged to act quickly as properties in sought-after neighborhoods are selling rapidly.
Stay tuned for more updates on housing market trends and significant real estate transactions in your area.
