The prices in real estate in Branchville, 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 Branchville has increased strongly during the last 6 months. In November, the average price per sq.feet was $285. In the following month the price per sq.feet decreased to $261. The price for the following two months in (January, February) had a considerable increment of 2512 %. The price per sq.feet has increased 114 % 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 $3,566 to $4,056 during March, and April.
Based upon to the price in Branchville (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $462,850. In December This price remains at $450,514. In the following two months the average price has remained the same with regard to the previous two months from $456,682 to $465,166.5. During the last two months the average price has had a strong fall compared to the previous four going from $460,924.25 to $196,290, which means a 43 % fall.