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 September, the average price per sq.feet was $431. In October this price pretty much remained the same at a value of $432 per sq.feet. The price for the following two months in (November, December) had a considerable increment of 642 %. The price per sq.feet has had a considerable increase of 142 % 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 $1,600 to $2,268 during January, and February.
Based upon to the price in Bedminster (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $1,041,180. In October This price remains at $1,001,929. During the following two months (November, December) the price has had an average incrementation from $1,021,554.5 to $1,104,372.5. During the last two months the average price has had a strong fall compared to the previous four going from $1,062,963.5 to $778,997, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $857,131 they are 2 % more expensive than the average price for Bedminster. Following this ranking we find those properties with 3 at an average price of $1,117,007. The properties with the highest average price have 2 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,117,007.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,236 / sq.feet, with an average $3,782 / sq.feet price in Bedminster. The properties with the lowest average prices have 2 bedrooms. They are 46 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,986 / sq.feet.
With regard to the average price based upon the property in Bedminster we can see that most expensive property type is "House" at a price of $1,117,007, they are 30 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 30 % more expensive 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 $1,986 / sq.feet. "House" with an average cost of $1,986 / sq.feet has the lowest price and would be directed at less affluent cities.