Newark March housing market update
Welcome to the Newark housing market update for March 2025! In this post, we'll explore key market statistics, provide advice for buyers and sellers, and highlight community events that make Newark a vibrant place to live.
Key Market Statistics
- Current Listings: There are approximately 48 homes currently on the market.
- Pending Sales: Around 25 properties are under contract.
- Sales in February: About 19 homes were sold last month.
- Market Opportunity: Sellers have a great opportunity to achieve top value for their homes before competition increases in the coming months.
Advice for Buyers and Sellers
For buyers, it's crucial to work with the right team and be ready to make strong offers when you find the right home. Preapproval is essential to stay competitive as more homes are expected to hit the market in spring.
Sellers should take advantage of the current market conditions to maximize their home's value.
Community Events
Newark is buzzing with exciting developments:
- Dumbarton Transit-Oriented Development: Set to bring new housing, retail, and improved commuter options, connecting residents to Silicon Valley.
- Park Mall Redevelopment: Will transform the area into a mix of retail, residential, and entertainment options, enhancing the community and increasing property values.
Stay tuned for more updates as spring approaches, and remember to reach out if you have any questions about buying or selling in Newark. We're here to help you achieve your real estate dreams!
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