A house in Princeton has recently caught attention for being sold at a staggering $5.5 million, making it the highest-priced residential real estate sale in Mercer County in the past week. This sale was just one out of 106 residential real estate transactions recorded in the area during that period. The average price of these 106 sales was $565,979, with an average price per square foot of $295.
It is important to note that these prices reflect the sales where the title was recorded during the week of September 4th, even if the actual sale had taken place earlier. This record-breaking $5.5 million sale showcases the flourishing real estate market in Princeton and highlights the demand for luxury properties in the area. With its prestigious location and luxurious amenities, it is not surprising that buyers are willing to pay a fortune for homes in this affluent community.
However, it is worth noting that the average price per square foot in Mercer County is $295, indicating that there are a variety of housing options available at different price points. While some buyers invest in multi-million dollar properties, others find more affordable options that fit their needs and budget.
Overall, these recent real estate sales in Mercer County indicate a strong market with a range of properties being bought and sold. Whether it is a multi-million dollar mansion or a modest family home, the local real estate scene offers opportunities for both buyers and sellers.
Definitions:
– Residential real estate sales: Transactions involving the purchase or sale of houses or other types of residential property.
– Mercer County: The county in which the real estate sales took place, located in New Jersey, United States.
Sources:
– (Original article)
Sources:
– (Original article)