Property prices for sale in Atlantic City (New Jersey)
The prices in real estate in Atlantic City, in the New Jersey region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Atlantic City has increased during the last 6 months. In March, the average price per sq.feet was $209. In the following month the price per sq.feet increased considerably to $254. In the following two months the price per sq.feet has barely changed, going from $231.5 to $225 per sq.feet. The price per sq.feet has increased 106 % 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 $228.25 to $242.5 during July, and August.
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 March, is $268,747. During April the price went through a considerable rise reaching $334,292. During the following two months (May, June) the price has had an average incrementation from $301,519.5 to $328,115.5. 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 $314,817.5 and $328,495 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $306,245 they are 26 % more affordable than the average price for Atlantic City. The properties with the highest average price have 4 bedrooms, Their price is 96 % more costly than the average. After that we have properties with 3 bedrooms priced at $347,014.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $267 / sq.feet, with an average $243 / sq.feet price in Atlantic City. The properties with the highest average prices have 3 bedrooms. They are 41 % more expensive than the average followed by properties with 4 bedrooms with a price at $307 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $306,245 it is 34 % cheaper than the average price in Atlantic City. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Duplex". At a price of $374,292 it is 222 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $194 / sq.feet followed by "Townhouse" priced at $222 / sq.feet. "Land" is the most costly type of property with a $723,773 / sq.feet cost followed by "Condo" with an average price of $295 / sq.feet.
