The prices in real estate in Browns Mills, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Browns Mills has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,886. In the following month the price per sq.feet decreased considerably to $1,767. The price for the following two months in (December, January) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $1,541.25 to $150 during February, and March.
Based upon to the price in Browns Mills (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $211,676. In November This price remains at $208,921. In the following two months the average price has remained the same with regard to the previous two months from $210,298.5 to $212,305. 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 $211,301.75 and $210,520 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $206,316 they are 61 % more affordable than the average price for Browns Mills. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $204,106.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $133 / sq.feet, with an average $150 / sq.feet price in Browns Mills. The properties with the highest average prices have 3 bedrooms. They are 4 % more expensive than the average followed by properties with 4 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $206,316 it is 49 % cheaper than the average price in Browns Mills. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $104,737 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $47 / sq.feet followed by "House" priced at $12,161 / sq.feet. "House" is the most costly type of property with a $12,161 / sq.feet cost followed by "Townhouse" with an average price of $47 / sq.feet.