The prices in real estate in Cape May, in the New Jersey region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Cape May has remained the same in the last 6 months. In November, the average price per sq.feet was $452. In December this price pretty much remained the same at a value of $452 per sq.feet. The price for the following two months in (January, February) decreased 93 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $436 to $453.5 during March y April
Based upon to the price in Cape May (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $901,726. In December This price remains at $906,135. In the following two months the average price has remained the same with regard to the previous two months from $903,930.5 to $870,028.5. 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 $886,979.5 and $854,853.5 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 $786,987 they are 49 % more affordable than the average price for Cape May. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $452,918.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $264 / sq.feet, with an average $447 / sq.feet price in Cape May. The properties with the highest average prices have 1 bedroom. They are 68 % more expensive than the average followed by properties with 2 bedrooms with a price at $462 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $786,987 it is 15 % cheaper than the average price in Cape May. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $717,166 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $316 / sq.feet followed by "House" priced at $386 / sq.feet. "Townhouse" is the most costly type of property with a $578 / sq.feet cost followed by "House" with an average price of $386 / sq.feet.