The prices in real estate in Brick, 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 Brick has increased strongly during the last 6 months. In April, the average price per sq.feet was $1,414. In the following month the price per sq.feet decreased considerably to $122. The price for the following two months in (June, July) had a considerable increment of 192 %. The price per sq.feet has had a considerable increase of 228 % 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 $1,123 to $2,562.5 during August, and September.
Based upon to the price in Brick (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $326,594. In May This price remains at $321,565. In the following two months the average price has remained the same with regard to the previous two months from $324,079.5 to $318,495.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $408,605 they are 48 % more affordable than the average price for Brick. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $322,228.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $235 / sq.feet, with an average $2,213 / sq.feet price in Brick. The properties with the highest average prices have 1 bedroom. They are 7002 % more expensive than the average followed by properties with 4 bedrooms with a price at $2,576 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $408,605 it is 56 % cheaper than the average price in Brick. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of $416,000 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $37 / sq.feet followed by "Townhouse" priced at $1,896 / sq.feet. "Commercial" is the most costly type of property with a $12,441 / sq.feet cost followed by "Office" with an average price of $2,885 / sq.feet.