The prices in real estate in Camden, 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 Camden has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $16,875. In the following month the price per sq.feet decreased considerably to $8,716. The price for the following two months in (October, November) had a considerable decrease of 28 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 23 % 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 $8,207 to $1,893.5 during December, and January.
Based upon to the price in Camden (cities), this has gone up in the last 6 months. The average price for August is $79,046. During September the price had a slight fall till $72,663. During the following two months (October, November) the price has had an average incrementation from $75,854.5 to $87,052. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 $91,094 they are 60 % more affordable than the average price for Camden. The properties with the lowest average price have 1 bedroom, Their price is 55 % cheaper than the average. After that we have properties with 4 bedrooms priced at $36,842.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $55 / sq.feet, with an average $701 / sq.feet price in Camden. The properties with the highest average prices have 4 bedrooms. They are 1534 % more expensive than the average followed by properties with 1 bedroom with a price at $55 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $91,094 it is 60 % cheaper than the average price in Camden. "Land" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Land". At a price of $81,354 it is 84 % 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 $101 / sq.feet followed by "Land" priced at $1,520 / sq.feet. "Apartment" is the most costly type of property with a $11,457 / sq.feet cost followed by "Land" with an average price of $1,520 / sq.feet.