Property prices for sale in Boonton (New Jersey)
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 October, the average price per sq.feet was $269. In the following month the price per sq.feet increased considerably to $330. In the following two months the price per sq.feet has increased 105 %, going from $299.5 to $315.5 per sq.feet. The price per sq.feet has had a considerable increase of 18395 % 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 $307.5 to $56,565.5 during February, and March.
Based upon to the price in Boonton (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $793,238. In November This price remains at $796,146. During the following two months (December, January) the price has had an average incrementation from $794,692 to $874,526.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $834,609.25 to $719,301.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $729,786 they are 54 % more affordable than the average price for Boonton. The properties with the lowest average price have 2 bedrooms, Their price is 31 % cheaper than the average. After that we have properties with 1 bedroom priced at $494,025.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $7,131 / sq.feet, with an average $93,073 / sq.feet price in Boonton. The properties with the lowest average prices have 4 bedrooms. They are 91 % cheaper than the average followed by properties with 2 bedrooms with a price at $7,475 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $729,786 it is 54 % 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 $337,664 it is 34 % 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 $7,083 / sq.feet followed by "Apartment" priced at $8,798 / sq.feet. "Apartment" is the cheapest type of property with a $8,798 / sq.feet value followed by "Condo" with an average price of $7,083 / sq.feet.
