logo
Take a look at the most expensive Central Jersey homes sold in June

Take a look at the most expensive Central Jersey homes sold in June

Yahoo14-07-2025
After a long five years that feels more like a lifetime to prospective home buyers, Central Jersey real estate prices are finally coming back to earth.
Prices are less jaw-dropping, listings don't sell the same day they hit the market, and a line of interested home buyers don't trail out the door of open houses.
However, these Central Jersey home sales are still stunners, fetching multi-million dollar price tags in record time. Here are the highest Central Jersey home sales in June.
The new owners of 72 Wisteria Way in Basking Ridge, which sold for $3.4 million on June 30 with Megan Bonanno of Kienlen Lattmann Sotheby's International Realty, never have to leave their new abode.
This 9,000-square-foot mansion has ever amenity imaginable, including a theater, gym, bar, game room, saltwater pool, spa, outdoor kitchen, cabana, and two garages with lifts.
However, the classic country estate on 3 acres also has plenty of cozy touches, like oak floors, intricate woodworking, and plenty of fireplaces.
The six-bedroom, nine-bathroom home sold $100,000 under-ask after being on the market for less than 60 days. It's the highest home sale in Basking Ridge — an area with no shortage of high-dollar mansions — on the MLS in a year.
History and bucolic charm are one of the same at Kleinhan's Farm in Kingwood, helping it fetch $2.5 million when it sold on June 16 thanks to listing agent Mark Jacobson with Corcoran Sawyer Smith.
The 150-acre estate at 275 Locktown Road, set back far from the road for privacy, features a circa-1790 three-bedroom and three-bathroom stone Colonial with a stone fireplace, beamed ceilings, exposed stone walls and deep-set windows. It overlooks a stream-fed pond.
Also on the property is a two-bedroom stone guest cottage, two-story studio loft apartment, in-ground pool, sheep barn, three 10-stall horse barns, hay fields and fenced pastures. Plus, the homestead includes so many solar panels that the new owner never has to expect an electric bill.
The farm was first listed for sale last spring before undergoing $300,000 in price reductions. However, it fetched its original price due to an over-ask offer since a 36-acre property and two horse barns were added to the sale.
8 Preakness Drive in Monroe, located in one of the town's most coveted neighborhoods, has a wow-factor in every one of its 4,800 square feet.
The five-bedroom, 4.5-bathoom mansion sold for $1.95 million on June 5 — $100,000 over-ask in less than three months — with listing agent Ronnie Glomb of Your Town Realty.
Inside this mansion is a two-story foyer with a double-curved staircase, two-story family room with a coffered ceiling and built-in entertainment center, and solarium with a dozen oversized windows.
Plus, its finished basement has a theater, wet bar, gym and sauna.
More: These are the 10 smartest cities in New Jersey, according to a new study
In just four years, a Summit colonial skyrocketed up $1.37 million, selling for $5,525,000 on June 26 after a renovation and being listed with Jill Bray with Prominent Properties.
With modern yet cozy sensibilities, the mansion at 73 Edgewood Road includes herringbone floors, and 9-foot coffered ceilings.
The seven-bedroom, seven-bathroom home also offers an eat-in kitchen with quartz countertops, a master suite with its own dressing room, radiant heating flooring in the bathrooms, a nanny's suite and recreation room.
It's all just a little more than a half-mile to the Summit train station, with New York City skyline views.
More: This Central Jersey street is one of the best in America for a stroll, survey says
Contact: JIntersimone@MyCentralJersey.com
Jenna Intersimone has been a staff member at the USA TODAY NETWORK New Jersey since 2014, although she's a lifetime Jersey girl who considers herself an expert in everything from the Jersey Shore to the Garden State's buzzing downtowns. To get unlimited access to her stories about food, drink and fun, please subscribe or activate your digital account today. You can also follow her on Instagram at @seejennaeat and on Twitter at @JIntersimone.
This article originally appeared on MyCentralJersey.com: NJ real estate: Central Jersey most expensive homes sold in June
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Betterhomes Reports Dubai Residential Property Market Remains a Global Magnet in H1 2025 with Sales Surging
Betterhomes Reports Dubai Residential Property Market Remains a Global Magnet in H1 2025 with Sales Surging

Yahoo

timean hour ago

  • Yahoo

Betterhomes Reports Dubai Residential Property Market Remains a Global Magnet in H1 2025 with Sales Surging

DUBAI, UAE, July 23, 2025 /PRNewswire/ -- Dubai's residential real estate market continues to defy global headwinds, delivering another record-breaking performance in the first half of 2025. According to the newly released Shaping Skylines Q2 2025 Dubai Residential Real Estate Market Report by Betterhomes, total residential sales reached AED 151.8 billion, a 46% year-on-year increase in value and a 25% rise in transaction volumes, with 50,485 units sold. The report highlights Dubai's continued ascent as one of the world's most dynamic real estate destinations, supported by a growing population seeking Dubai homes for sale, investor-friendly legislation, and a robust development pipeline. Momentum Continues Across Segments Compared to Q1, residential sales grew 33% in value and 19% in volume, underlining strong market momentum. The prime residential segment recorded a new benchmark with 1,417 luxury transactions in Q2, a 67% quarter-on-quarter jump and a 113% increase year-on-year which confirms a rising global appeal of luxury off-plan property for sale in Dubai among ultra-high-net-worth buyers. "Q3 is shaping up to be an exciting phase for Dubai's property market," said Christopher Cina, Director of Sales at Betterhomes. "With around 20,000 new units already delivered and another 70,000 expected by year-end, the city is well-positioned to meet rising demand from investors and end-users alike." Supply Expands, Prices Hold Strong Dubai saw over 20,000 new units delivered in H1 2025, with Jumeirah Village Circle (JVC) leading completions at 20%, followed by Sobha Hartland (11%) and Mohammed Bin Rashid City (8%). Looking ahead, over 200,000 new units are projected through 2027 reflecting developer confidence in Dubai's long-term growth. Despite the influx of supply, average property prices continue to rise, reaching AED 1,582 per square foot, a 6% increase from H2 2024 and up 3% from Q1 2025. Prices are now 18% higher year-on-year and 90% above the pandemic-era low of AED 833 per square foot. Investor Activity and Cash Deals on the Rise The report also revealed a strong resurgence in investor activity, with investors accounting for 58% of all transactions in Q2, up from 50% in Q1. Meanwhile, end-user activity dropped to 42%, as buyers sought rental income and capital appreciation in a high-demand market. Cash buyers dominated the market in Q2, representing 52% of transactions, up from 42% in Q1. Mortgage deals fell to 48%, indicating an increasingly liquid buyer base, driven by high-net-worth individuals and international investors seeking swift deal closures. Global Buyer Shifts Reflect Dubai's Expanding Reach The UK overtook India to become the leading buyer nationality in Q2, driven by a 56% quarterly surge in transactions. India and Pakistan retained second and third positions, respectively, while Poland made its debut in the top five. Notably, Russia dropped out of the top 10 for the first time, with Ireland climbing to sixth. As Dubai continues to draw global interest, particularly from European buyers, its property market stands firm as one of the most attractive and resilient investment destinations worldwide. View original content: SOURCE Betterhomes 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤

Zillow updates home price forecast for over 400 housing markets: See the map
Zillow updates home price forecast for over 400 housing markets: See the map

Yahoo

time2 hours ago

  • Yahoo

Zillow updates home price forecast for over 400 housing markets: See the map

Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. How to go from quiet to commanding Apple iOS 26 is now available to the public. Here's how to get it—and 5 useful new features to try Here's why Trump's proposed 401(k) executive order may be very bad news for your retirement This week, Zillow economists published their updated 12-month forecast, projecting that U.S. home prices—as measured by the Zillow Home Value Index—will fall by 1.0% between June 2025 and June 2026. For calendar year 2025, they forecast U.S. home prices, as measured by the Zillow Home Value Index, will fall -2.0%. Heading into 2025, Zillow's 12-month forecast for U.S. home prices was +2.6%. However, many housing markets across the country softened faster than expected, prompting Zillow to issue several downward revisions. While Zillow has since stopped cutting its outlook, it is still kind of bearish. At least over the short-term. Why did Zillow downgrade its forecast for national home prices so many times this year? 'The rise in [active] listings is fueling softer [home] price growth, as greater supply provides more options and more bargaining power for buyers,' Zillow economists wrote in March. 'Potential buyers are opting to remain renters for longer as affordability challenges suppress demand for home purchases.' Essentially, Zillow believes that strained housing affordability—driven by U.S. home prices soaring over 40% during the Pandemic Housing Boom and mortgage rates jumping from 3% to 6% in 2022—is putting upward pressure on active inventory growth and short-term downward pressure on home price growth. 'Sellers have been motivated to join the market through the first half of the year, but buyer demand hasn't kept up. With housing inventory accumulating, Zillow forecasts home values will decline by 2.0% in [calendar year] 2025,' wrote Zillow economists on Wednesday. 'Slightly lower mortgage rates toward the end of the year could further aid affordability, but significant improvements appear unlikely. Still, home shoppers have some advantages–plenty of options have given them more bargaining power than in any summer in at least seven years.' According to Zillow's home price model, the listing site also believes that weakening and softening housing markets across the Sun Belt will weigh on nationally aggregated home prices this year. Among the 300 largest U.S. metro area housing markets, Zillow expects the strongest home price appreciation between June 2025 and June 2026 to occur in these 10 areas: Atlantic City, NJ → 2.9% Kingston, NY → 2.2% Knoxville, TN → 2.0% Torrington, CT → 1.9% Rockford, IL → 1.7% Concord, NH → 1.7% Pottsville, PA → 1.7% Fayetteville, AR → 1.6% Norwich, CT → 1.6% East Stroudsburg, PA → 1.5% Among the 300 largest U.S. metro area housing markets, Zillow expects the weakest home price appreciation between April 2025 and April 2026 to occur in these 10 areas: Houma, LA → -9.6 Lake Charles, LA → -9.5% Alexandria, LA → -8.0% New Orleans, LA → -7.2% Lafayette, LA → -7.0% Shreveport, LA → -6.9% Beaumont, TX → -6.5% San Francisco, CA → -6.1% Austin, TX → -5.1% Corpus Christi, TX → -5.0 Below is what the current year-over-year rate of home price growth looks like for single-family and condo home prices. The Sun Belt, in particular Southwest Florida, is currently the epicenter of housing market weakness right now. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Ellen DeGeneres and Portia de Rossi Are Selling Their U.K. Home for $30 Million, Less Than A Year After Leaving The U.S.
Ellen DeGeneres and Portia de Rossi Are Selling Their U.K. Home for $30 Million, Less Than A Year After Leaving The U.S.

Yahoo

time3 hours ago

  • Yahoo

Ellen DeGeneres and Portia de Rossi Are Selling Their U.K. Home for $30 Million, Less Than A Year After Leaving The U.S.

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. In 2024, former talk show host Ellen DeGeneres and wife Portia de Rossi purchased what was supposed to be a vacation home in England. However, plans quickly changed. "We got here the day before the election and woke up to lots of texts from our friends with crying emojis,'" DeGeneres told The Wall Street Journal, referring to the re-election of President Donald Trump. "And we're like, 'We're staying here'." That led the couple to sell their final property in the United States and take their house-flipping hobby across the pond. Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— $100k+ in investable assets? – no cost, no obligation. Known as Kitesbridge Farm, the property is located in The Cotswolds, a picturesque region with rolling hills and charming villages. The couple bought it for nearly $20 million and has now put it on the market for nearly $30 million. According to the Sotheby's International Realty listing held by Andrew Barnes and Marcus O'Brien, the home has been "reimagined over the past year," indicating that DeGeneres and de Rossi have continued their house-flipping fun. "The estate blends period character with sleek, modern design across 43 acres of rolling Cotswold countryside," it says. The main residence wraps around a courtyard and has various spaces for entertaining aside from the typical living room and kitchen. There's a total of six bedrooms, including a principal suite on the first floor that features two dressing rooms, a marble-clad ensuite bathroom and French doors that lead to a private garden. Upstairs, there are the other five bedrooms and a large sitting room. Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — In addition to the main house, there's a guest cottage with two bedrooms, a converted granary building with a kitchenette, a party barn with a pub and a heated five-car garage, a suite with a heated indoor swimming pool with rustic beams overhead, a gym, showers and a changing room and a helicopter shed. But it's the outdoors that really won over DeGeneres and de Rossi. "When we decided to live here full time, we knew that Portia couldn't live without her horses," DeGeneres told the Journal. "We needed a home that had a horse facility and pastures for them." Kitesbridge Farm has formal lawns, a kitchen garden, sculpted paddocks and various living areas, making this home one for people who love being outside as much as they do inside. Read Next: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. With Point, you can Image: Shutterstock This article Ellen DeGeneres and Portia de Rossi Are Selling Their U.K. Home for $30 Million, Less Than A Year After Leaving The U.S. originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store