Wed. Sep 20th, 2023
    The Residential Real Estate Market in Bloomfield, New Jersey

    Bloomfield, a charming municipality in Essex County, New Jersey, is experiencing a thriving residential real estate market. A recent sale of a house for $1.1 million highlights the strong demand for desirable properties in the area. This sale became the highest-priced residential real estate transaction between August 28th and September 10th. In fact, it topped the list of nine residential property sales with an average selling price of $576,200 during that period.

    It’s worth exploring the factors that contribute to Bloomfield’s appeal. The municipality offers an array of attractive residential options and benefits from its proximity to the bustling city of Newark. With a rich history and a peaceful suburban lifestyle, Bloomfield attracts buyers seeking both tranquility and access to urban amenities.

    The average price per square meter of these properties during the two-week period was $421. It’s important to note that the recorded prices include sales where the title was registered between August 28th and September 10th, regardless of when the actual property was sold.

    Bloomfield also benefits from its proximity to major highways, public transportation options, and easy access to both New York City and Montclair. Its well-regarded schools, picturesque parks, and tight-knit community contribute to the highly sought-after quality of life in the municipality.

    The sale of the house for $1.1 million indicates a robust real estate market in Bloomfield, where desirable properties can command high prices. However, with an average selling price of $576,200, there are still opportunities for buyers to find more affordable options in this area.

    In conclusion, Bloomfield’s residential real estate market continues to thrive, as demonstrated by the recent $1.1 million house sale. With a variety of price ranges available, buyers can find their ideal home in this charming New Jersey municipality.

    – Residential real estate sales: Transactions involving the sale of houses, apartments, or other residential properties.
    – Bloomfield: A municipality located in Essex County, New Jersey, known for its suburban atmosphere and proximity to major cities.
    – Average price per square meter: The average cost of property per square meter, often used as a measure of property value.

    Original article – XYZ Realty website