Property prices for sale in Belmar (New Jersey)

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.

$936,345.67
Average price last 6 months
$2,037.67
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Belmar has increased strongly during the last 6 months. In November, the average price per sq.feet was $1,708. In the following month the price per sq.feet increased considerably to $8,827. The price for the following two months in (January, February) had a considerable decrease of 8 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 15 % 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 $2,838.75 to $435.5 during March, and April.

Average price

Based upon to the price in Belmar (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $780,715. In December This price remains at $752,824. During the following two months (January, February) the average price had a considerable increase of 118 % 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 136 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,057,631 they are 69 % more affordable than the average price for Belmar. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $591,400.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $356 / sq.feet, with an average $421 / sq.feet price in Belmar. The properties with the highest average prices have 4 bedrooms. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $411 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,057,631 it is 67 % cheaper than the average price in Belmar. "Bungalow" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $876,843 it is 33 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $286 / sq.feet followed by "Townhouse" priced at $311 / sq.feet. "House" is the most costly type of property with a $464 / sq.feet cost followed by "Bungalow" with an average price of $381 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Belmar
Number of properties used in region New Jersey
$1,057,631
$421
692
323,062
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value