The prices in real estate in Belmar, 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 Belmar has increased strongly during the last 6 months. In February, the average price per sq.feet was $594. In the following month the price per sq.feet decreased to $541. In the following two months the price per sq.feet has barely changed, going from $567.5 to $545.5 per sq.feet. The price per sq.feet has had a considerable increase of 10057 % 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 $556.5 to $55,967 during June, and July.
Based upon to the price in Belmar (cities), this has gone downing the last 6 months. The price in February is $1,389,000, rising in March till $1,478,200. In the following two months the average price has remained the same with regard to the previous two months from $1,433,600 to $1,363,250. During the last two months the average price has had a strong fall compared to the previous four going from $1,398,425 to $1,018,184, which means a 73 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 2 % more costly than the average price of $884,779 in Belmar. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 2 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 99 % cheaper than the average price of ($295 / sq.feet) in Belmar. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 99 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Bungalow" as the most affordable one. At an cost of $871,268 it is 9 % cheaper than the average price in Belmar. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $861,011 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $295 / sq.feet followed by "Townhouse" priced at $320 / sq.feet. "Bungalow" is the cheapest type of property with a $390 / sq.feet value followed by "Townhouse" with an average price of $320 / sq.feet.