The prices in real estate in Boonton, 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 Boonton has increased strongly during the last 6 months. In May, the average price per sq.feet was $4,696. In the following month the price per sq.feet increased considerably to $184,179. The price for the following two months in (July, August) had a considerable increment of 199 %. The price per sq.feet has had a considerable deflation of 61 % 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 $141,197.5 to $86,618 during September, and October.
Based upon to the price in Boonton (cities), this has gone downing the last 6 months. The average price for May is $717,123. During June the price had a slight fall till $628,377. In the following two months the average price has remained the same with regard to the previous two months from $672,750 to $655,522.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $664,136.25 and $677,299 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $661,451 they are 47 % more affordable than the average price for Boonton. The properties with the lowest average price have 1 bedroom, Their price is 23 % cheaper than the average. After that we have properties with 3 bedrooms priced at $497,004.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $7,299 / sq.feet, with an average $22,653 / sq.feet price in Boonton. The properties with the lowest average prices have 2 bedrooms. They are 59 % cheaper than the average followed by properties with 4 bedrooms with a price at $9,186 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $661,451 it is 47 % cheaper than the average price in Boonton. "Condo" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Apartment". At a price of $351,826 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $7,411 / sq.feet followed by "Apartment" priced at $9,186 / sq.feet. "Apartment" is the cheapest type of property with a $9,186 / sq.feet value followed by "Condo" with an average price of $7,411 / sq.feet.