The prices in real estate in Berkeley Heights, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Berkeley Heights has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $422,243. In the following month the price per sq.feet decreased considerably to $305,178. The price for the following two months in (October, November) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $198,940.5 to $12,221 during December, and January.
Based upon to the price in Berkeley Heights (cities), this has gone downing the last 6 months. In our first sample month during August, the average price is $659,709. In September This price remains at $636,794. In the following two months the average price has remained the same with regard to the previous two months from $648,251.5 to $653,779. During the last two months the average price has had a strong fall compared to the previous four going from $651,015.25 to $520,846, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $458,904 they are 18 % more expensive than the average price for Berkeley Heights. Following this ranking we find those properties with 1 at an average price of $545,069. The properties with the highest average price have 1 bedroom, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $542,347.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $18,939 / sq.feet, with an average $6,151 / sq.feet price in Berkeley Heights. The properties with the highest average prices have 1 bedroom. They are 209 % more expensive than the average followed by properties with 3 bedrooms with a price at $18,939 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $458,904 it is 18 % more expensive than the average price in Berkeley Heights. "Commercial" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "House". At a price of $542,347 it is 28 % 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 $4,785 / sq.feet followed by "House" priced at $18,939 / sq.feet. "House" is the most costly type of property with a $18,939 / sq.feet cost followed by "Commercial" with an average price of $4,785 / sq.feet.