In the past week, a house in Jackson was sold for an impressive $950,000, making it the highest-priced residential real estate sale in the area. This sale tops the list of 22 residential real estate sales recorded during this period.
The average price of residential real estate sales in the area for the week of August 14 was $619,084, indicating a strong market. Additionally, the average price per square foot stood at $306, suggesting the desirable nature of properties being sold.
It is important to note that the prices listed here relate to real estate sales where the title was recorded during the week of August 14, regardless of when the property was actually sold.
This signifies a positive trend in the Jackson housing market, with high-value properties being sold at impressive prices. It also indicates a healthy demand for residential real estate in the area.
While there may be various reasons behind the high price tags on these properties, factors such as location, size, amenities, and overall market conditions certainly play a role. It is the combination of these elements that contribute to establishing the value of a property.
Overall, the recent residential real estate sales in the Jackson area reflect a stable and thriving market. The high average price and price per square foot signify the desirability of properties in the region.
1. Residential real estate: Properties primarily used for living purposes, including houses, apartments, condominiums, and townhouses.
2. Price per square foot: The cost of a property divided by its total square footage, indicating the value per unit of area.
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