During the week of January 12 to 18, 2023, Cumberland County reported a total of 69 residential property transactions. The median sale during this period was for a property on Orillia Drive in Bridgeton, which sold for $247,000. This reflects a dynamic real estate market in the area as buyers continue to engage with available listings.
Among the notable transactions, several properties stood out for their sale prices and square footage. A property located at 93 N. Elm Street sold for $110,000, covering 1,252 square feet, while another at 67 Vine Street fetched $125,000 for 1,121 square feet. The sale prices indicate a range of options for prospective homeowners and investors in Cumberland County.
Key Sales Highlights
Several properties achieved notable sale prices over the week. For instance, 34 Forest Ave. was sold for $200,000, encompassing 1,197 square feet, translating to approximately $167 per square foot. Another significant sale was recorded at 405 Parvins Mill Road, where a property sold for $335,000 with a total area of 1,604 square feet, indicating a price of $209 per square foot.
In addition, several properties in the higher price range were sold, including 18 Thoroughbred Court at $465,000 for 1,999 square feet, and 23 Franklin Drive for $499,000, which boasts a generous 4,884 square feet of living space. These sales emphasize the ongoing demand for diverse housing options in the county.
Market Trends and Insights
The variety of properties sold, ranging from smaller units to larger family homes, provides insight into the evolving market dynamics in Cumberland County. The combination of affordability and larger options presents a compelling opportunity for both first-time buyers and seasoned investors.
As the market continues to develop, prospective buyers may find it beneficial to stay informed on upcoming listings and trends in sales. The week of January 12 to 18 serves as an important indicator of real estate activity in the region, reflecting both buyer interest and market resilience.
Overall, the reported transactions illustrate a vibrant real estate environment in Cumberland County, with a mix of sales across different price points and property sizes. As communities continue to grow, the demand for housing in this area remains strong, marking an encouraging outlook for future transactions.
