The prices in real estate in Belmar, in the New Jersey region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Belmar has fallen in the last 6 months. In April, the average price per sq.feet was $384. In May this price pretty much remained the same at a value of $370 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $377 to $374.5 per sq.feet. The price per sq.feet has had a considerable deflation of 75 % 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 $375.75 to $282 during August, and September.
Based upon to the price in Belmar (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $1,010,800. In May This price remains at $1,035,500. During the following two months (June, July) the average price fell 91 % 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 $978,766.75 to $604,381.5, which means a 62 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 45 % more costly than the average price of $893,681 in Belmar. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 45 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 4 % more costly than the average price of ($305 / sq.feet) in Belmar. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 4 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Bungalow" as the most costly one. At an cost of $616,307 it is 30 % more expensive than the average price in Belmar. "Townhouse" is seen as the second dearest property type. The dearest property type is "House" followed by "Townhouse". At a price of $869,673 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $305 / sq.feet followed by "Townhouse" priced at $330 / sq.feet. "Bungalow" is the most costly type of property with a $400 / sq.feet cost followed by "Townhouse" with an average price of $330 / sq.feet.