The prices in real estate in Basking Ridge, 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 Basking Ridge has increased strongly during the last 6 months. In October, the average price per sq.feet was $308. In the following month the price per sq.feet increased considerably to $33,559. The price for the following two months in (December, January) had a considerable increment of 346 %. The price per sq.feet has had a considerable increase of 349 % 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 $37,768.75 to $131,754.5 during February, and March.
Based upon to the price in Basking Ridge (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $378,468. In November This price remains at $390,943. During the following two months (December, January) the average price had a considerable increase of 254 % 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 risen strongly 141 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 99 % cheaper than the average price of $9,960 in Basking Ridge. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 93 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of ($6 / sq.feet) in Basking Ridge. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 100 % cheaper than the average value aforementioned.