The prices in real estate in Asbury Park, 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 Asbury Park has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,319. In the following month the price per sq.feet decreased considerably to $416. The price for the following two months in (January, February) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 33 % 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 $1,395 to $461.5 during March, and April.
Based upon to the price in Asbury Park (cities), this has gone up considerably in the last 6 months. The price in November is $573,344, rising in December till $631,957. During the following two months (January, February) the price has had an average incrementation from $602,650.5 to $684,612. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $643,631.25 and $665,646 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $588,776 they are 29 % more affordable than the average price for Asbury Park. The properties with the highest average price have 2 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $662,612.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $272 / sq.feet, with an average $444 / sq.feet price in Asbury Park. The properties with the highest average prices have 2 bedrooms. They are 21 % more expensive than the average followed by properties with 1 bedroom with a price at $458 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $588,776 it is 1 % more expensive than the average price in Asbury Park. "Condo" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $666,835 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $300 / sq.feet followed by "Commercial" priced at $371 / sq.feet. "House" is the most costly type of property with a $3,253 / sq.feet cost followed by "Condo" with an average price of $518 / sq.feet.