The prices in real estate in Atlantic City, in the New Jersey region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Atlantic City has increased strongly during the last 6 months. In August, the average price per sq.feet was $90. In the following month the price per sq.feet increased considerably to $105. The price for the following two months in (October, November) had a considerable increment of 155 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $124.5 to $128.5 during December y January
Based upon to the price in Atlantic City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $115,718. During September the price went through a considerable rise reaching $142,686. During the following two months (October, November) the average price had a considerable increase of 134 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $155,337 they are 17 % more affordable than the average price for Atlantic City. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 2 bedrooms priced at $181,141.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $105 / sq.feet, with an average $128 / sq.feet price in Atlantic City. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $168 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $155,337 it is 3 % more expensive than the average price in Atlantic City. "House" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Farm". At a price of $386,474 it is 150 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $181 / sq.feet followed by "Farm" priced at $1,403 / sq.feet. "Land" is the most costly type of property with a $3,145 / sq.feet cost followed by "House" with an average price of $2,853 / sq.feet.