The prices in real estate in Bound Brook, 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 Bound Brook has increased strongly during the last 6 months. In April, the average price per sq.feet was $150. In May this price pretty much remained the same at a value of $150 per sq.feet. The price for the following two months in (June, July) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 3878 % 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 $142.75 to $5,535.5 during August, and September.
Based upon to the price in Bound Brook (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $219,765. In May This price remains at $219,765. In the following two months the average price has remained the same with regard to the previous two months from $219,765 to $212,303.5. 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 $216,034.25 and $224,134.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $243,427 they are 10 % more affordable than the average price for Bound Brook. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 1 bedroom priced at $219,545.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $142 / sq.feet, with an average $10,950 / sq.feet price in Bound Brook. The properties with the highest average prices have 4 bedrooms. They are 16 % more expensive than the average followed by properties with 1 bedroom with a price at $149 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $243,427 it is 18 % cheaper than the average price in Bound Brook. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $199,150 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $113 / sq.feet followed by "House" priced at $142 / sq.feet. "House" is the cheapest type of property with a $142 / sq.feet value followed by "Apartment" with an average price of $113 / sq.feet.