In the past week, a house in Lakewood has been sold at a staggering price of $950,000, making it the most expensive residential real estate sale in the area. This high-value transaction highlights the desirable nature of properties in Lakewood.
During the same week, a total of eight residential real estate sales were recorded in the area, with an average price of $493,845. This demonstrates the strength of the real estate market in Lakewood and the demand for quality housing in the region.
The average price per square foot of these sales was registered at $229. This figure provides insight into the market valuation of properties based on their size. Buyers in the Lakewood area are willing to invest in larger properties, as evidenced by the higher price per square foot.
It is important to note that the prices mentioned in the listing reflect real estate sales where the title was recorded during the week of September 4th, despite the possibility that the properties may have been sold earlier. This clarifies that the reported sales may not represent current availability but indicate the overall market activity during this specific period.
Lakewood continues to attract buyers looking for high-quality residential real estate options. With its attractive location and strong performance in the market, the area remains a highly sought-after destination for those seeking a vibrant community to call home.
Definitions:
– Residential real estate: Properties intended for housing purposes, such as houses, apartments, and condos.
– Lakewood: A location known for its desirable residential real estate options and vibrant community atmosphere.
Sources:
No specific sources were provided.