The prices in real estate in Berkeley Heights, 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 Berkeley Heights has increased strongly during the last 6 months. In March, the average price per sq.feet was $6,680. In April this price pretty much remained the same at a value of $6,504 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 3070 %. The price per sq.feet has had a considerable increase of 379 % 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 $104,477.5 to $395,650.5 during July, and August.
Based upon to the price in Berkeley Heights (cities), this has gone up in the last 6 months. The average price for March is $606,600. During April the price had a slight fall till $561,913. During the following two months (May, June) the average price had a considerable increase of 122 % 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 gone up 105 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 17 % cheaper than the average price of $545,069 in Berkeley Heights. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 17 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 95 % cheaper than the average price of ($19,036 / sq.feet) in Berkeley Heights. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 95 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $659,709 it is 17 % cheaper than the average price in Berkeley Heights. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $545,069 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $4,810 / sq.feet followed by "House" priced at $19,036 / sq.feet. "House" is the cheapest type of property with a $19,036 / sq.feet value followed by "Commercial" with an average price of $4,810 / sq.feet.