The prices in real estate in Bergenfield, 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 Bergenfield has fallen in the last 6 months. In November, the average price per sq.feet was $502. In the following month the price per sq.feet decreased considerably to $420. In the following two months the price per sq.feet has barely changed, going from $461 to $440.5 per sq.feet. The price per sq.feet has increased 108 % 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 $450.75 to $489 during March, and April.
Based upon to the price in Bergenfield (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $540,544. In December This price remains at $556,167. During the following two months (January, February) the average price had a considerable increase of 126 % 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 148 % during the last two months.