A house in Lancaster recently sold for a whopping $875,000, making it the most expensive residential real estate sale in the area for the past week. This sale was part of a total of 51 residential real estate transactions that were recorded during that week, with an average price of $367,980. The average price per square foot for these sales was $188.
The list of the most expensive sales includes properties where the title was recorded during the week of July 22, even if the actual sale took place earlier. The sales data highlights the strong real estate market in Lancaster, with high prices being achieved for residential properties.
The $875,000 sale demonstrates that there is still strong demand for high-end homes in the area, despite economic uncertainties. The average price of nearly $370,000 for all transactions shows that the market is active and buyers are willing to pay top dollar for desirable properties.
Overall, the real estate market in Lancaster appears to be robust, with a range of properties selling at various price points. The top sale of $875,000 indicates that there is still a market for luxury homes in the area, and buyers are willing to invest in high-end properties.
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