The prices in real estate in Bedminster, 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 Bedminster has increased strongly during the last 6 months. In March, the average price per sq.feet was $5,047. In the following month the price per sq.feet decreased considerably to $3,364. The price for the following two months in (May, June) had a considerable increment of 1213 %. The price per sq.feet has had a considerable increase of 294 % 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 $27,616.25 to $81,260.5 during July, and August.
Based upon to the price in Bedminster (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $526,528. During April the price went through a considerable rise reaching $656,851. During the following two months (May, June) the average price had a considerable increase of 173 % 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 156 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,308,150 they are 31 % more affordable than the average price for Bedminster. The properties with the lowest average price have 2 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 1 bedroom priced at $901,281.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,290 / sq.feet, with an average $94,478 / sq.feet price in Bedminster. The properties with the lowest average prices have 2 bedrooms. They are 98 % cheaper than the average followed by properties with 1 bedroom with a price at $1,290 / sq.feet.
With regard to the average price based upon the property in Bedminster we can see that the cheapest property type is "House" at a price of $1,164,966, they are 11 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 11 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $2,105 / sq.feet. "House" with an average cost of $2,105 / sq.feet has the lowest price and would be directed at less affluent cities.