Nick Baldwin of Keller Williams Realty reports that a home in the Brookdale section of Bloomfield sold for $725,000.
In a recent conversation with TapInto Bloomfield, Baldwin stated that Bloomfield is a home buying destination with many buyers from Brooklyn and Hoboken putting the township at the top of their list.
This sale, the second highest real estate transaction in recent years, is evidence that the Bloomfield housing market remains strong. Home values throughout town are expected to continue to rise. In the last 24 months, home values in Bloomfield rose an average of 14%. With prices in Brookdale approaching those of neighboring Montclair, Baldwin expects home prices in this section of town to level off as some buyers look there.
The property was listed by Nick and Roberta Baldwin.