What's Happening?
A single-family house located at 976 Cherokee Court in Westfield, Union County, was sold for $2.1 million, making it the most expensive residential real estate transaction in the area for the week of August 4-10. The house, built in 1960, has a living area of 2,642 square feet, with a price per square foot of $797. This sale is part of a total of 119 residential real estate transactions recorded in Union County during the week, with an average sale price of $773,689 and an average price per square foot of $429.
AD
Why It's Important?
The sale of high-value properties like the one at 976 Cherokee Court reflects the ongoing demand for luxury real estate in Union County. This trend can impact local real estate markets by driving up property values and influencing the types of developments that are prioritized. High-value sales contribute to the economic vitality of the region, potentially attracting more affluent buyers and investors. This can lead to increased property taxes and changes in community demographics, affecting local services and infrastructure.
