Property prices for sale in Bloomfield (New Jersey)
The prices in real estate in Bloomfield, 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 Bloomfield has increased strongly during the last 6 months. In October, the average price per sq.feet was $364. In the following month the price per sq.feet increased to $386. In the following two months the price per sq.feet has increased 106 %, going from $375 to $398.5 per sq.feet. The price per sq.feet has had a considerable increase of 160 % 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 $386.75 to $617 during February, and March.
Based upon to the price in Bloomfield (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $447,248. In November This price remains at $448,330. During the following two months (December, January) the price has had an average incrementation from $447,789 to $509,097.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % 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 $570,984 they are 65 % more affordable than the average price for Bloomfield. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at $497,736.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $383 / sq.feet, with an average $755 / sq.feet price in Bloomfield. The properties with the lowest average prices have 2 bedrooms. They are 31 % cheaper than the average followed by properties with 1 bedroom with a price at $489 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $570,984 it is 60 % cheaper than the average price in Bloomfield. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $559,421 it is 1 % 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 $101 / sq.feet followed by "Condo" priced at $248 / sq.feet. "Office" is the most costly type of property with a $16,990 / sq.feet cost followed by "Detached House" with an average price of $1,892 / sq.feet.
