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 November, the average price per sq.feet was $202. In the following month the price per sq.feet increased considerably to $557. The price for the following two months in (January, February) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable increase of 322 % 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 $263 to $847.5 during March, and April.
Based upon to the price in Brick (cities), this has fallen considerably in the last 6 months. The average price for November is $374,285. During December the price had a considerable reduction till $302,462. In the following two months the average price has remained the same with regard to the previous two months from $338,373.5 to $322,414.5. 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 $330,394 and $314,900 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $326,594 they are 57 % more affordable than the average price for Brick. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $295,267.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $26 / sq.feet, with an average $1,414 / sq.feet price in Brick. The properties with the lowest average prices have 4 bedrooms. They are 13 % cheaper than the average followed by properties with 3 bedrooms with a price at $579 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $326,594 it is 39 % cheaper than the average price in Brick. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $422,945 it is 76 % 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 $156 / sq.feet followed by "House" priced at $1,125 / sq.feet. "Commercial" is the most costly type of property with a $7,772 / sq.feet cost followed by "Land" with an average price of $2,900 / sq.feet.