The prices in real estate in Bridgewater, 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 Bridgewater has increased strongly during the last 6 months. In February, the average price per sq.feet was $3,310. In the following month the price per sq.feet decreased considerably to $1,820. The price for the following two months in (April, May) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 13186 % 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 $2,457.75 to $324,086.5 during June, and July.
Based upon to the price in Bridgewater (cities), this has gone up in the last 6 months. The average price for February is $554,813. During March the price had a slight fall till $521,056. During the following two months (April, May) the average price had a considerable increase of 117 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $603,816 they are 24 % more affordable than the average price for Bridgewater. The properties with the highest average price have 3 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 1 bedroom priced at $464,591.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $1,417 / sq.feet, with an average $332,181 / sq.feet price in Bridgewater. The properties with the lowest average prices have 3 bedrooms. They are 97 % cheaper than the average followed by properties with 1 bedroom with a price at $1,437 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $603,816 it is 24 % cheaper than the average price in Bridgewater. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Apartment". At a price of $459,961 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $1,407 / sq.feet followed by "Apartment" priced at $1,417 / sq.feet. "Duplex" is the cheapest type of property with a $4,957 / sq.feet value followed by "Apartment" with an average price of $1,417 / sq.feet.