The prices in real estate in Bayonne, 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 Bayonne has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $15,673. In the following month the price per sq.feet decreased to $13,900. The price for the following two months in (June, July) had a considerable increment of 137 %. The price per sq.feet has had a considerable deflation of 1 % 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 $17,518 to $199 during August, and September.
Based upon to the price in Bayonne (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $429,197. In May This price remains at $444,868. During the following two months (June, July) the average price fell 94 % 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 $424,523 to $310,841, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $314,465 they are 55 % more affordable than the average price for Bayonne. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at $321,254.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $223 / sq.feet, with an average $206 / sq.feet price in Bayonne. The properties with the highest average prices have 4 bedrooms. They are 19938 % more expensive than the average followed by properties with 1 bedroom with a price at $243 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $314,465 it is 55 % more expensive than the average price in Bayonne. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Land". At a price of $486,819 it is 56 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $41,069 / sq.feet followed by "Apartment" priced at $41,279 / sq.feet. "Apartment" is the most costly type of property with a $41,279 / sq.feet cost followed by "Land" with an average price of $41,069 / sq.feet.