The prices in real estate in Allamuchy, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Allamuchy has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $211. In the following month the price per sq.feet increased to $232. The price for the following two months in (December, January) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 70 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $167.25 to $117 during February, and March.
Based upon to the price in Allamuchy (cities), this has fallen considerably in the last 6 months. The average price for October is $661,400. During November the price had a slight fall till $593,967. During the following two months (December, January) the average price had a considerable reduction of 48 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $463,263.25 to $273,057, which means a 59 % fall.