Property prices for sale in Bernardsville (New Jersey)
The prices in real estate in Bernardsville, 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 Bernardsville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $84,850. In the following month the price per sq.feet decreased considerably to $16,089. The price for the following two months in (December, January) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has increased 112 % 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 $37,180.5 to $41,663.5 during February, and March.
Based upon to the price in Bernardsville (cities), this has fallen considerably in the last 6 months. The average price for October is $2,055,179. During November the price had a considerable reduction till $1,570,697. During the following two months (December, January) the average price had a considerable reduction of 82 % 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 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,494,889 they are 85 % more affordable than the average price for Bernardsville. The properties with the lowest average price have 4 bedrooms, Their price is 28 % cheaper than the average. After that we have properties with 3 bedrooms priced at $958,111.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $298 / sq.feet, with an average $28,911 / sq.feet price in Bernardsville. The properties with the highest average prices have 3 bedrooms. They are 240 % more expensive than the average followed by properties with 2 bedrooms with a price at $407 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,494,889 it is 79 % cheaper than the average price in Bernardsville. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $966,138 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $259 / sq.feet followed by "Condo" priced at $272 / sq.feet. "Land" is the most costly type of property with a $47,616 / sq.feet cost followed by "House" with an average price of $41,348 / sq.feet.
