The prices in real estate in Cedar Grove, 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 Cedar Grove has increased strongly during the last 6 months. In July, the average price per sq.feet was $1,431. In the following month the price per sq.feet increased considerably to $4,601. The price for the following two months in (September, October) had a considerable increment of 4998 %. The price per sq.feet has had a considerable deflation of 1 % 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 $76,871.5 to $1,144 during November, and December.
Based upon to the price in Cedar Grove (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $714,465. In August This price remains at $695,454. During the following two months (September, October) the price has had an average incrementation from $704,959.5 to $796,588.5. 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 $750,774 and $742,199.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $713,382 they are 1 % more affordable than the average price for Cedar Grove. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 2 bedrooms priced at $703,081.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $250 / sq.feet, with an average $315 / sq.feet price in Cedar Grove. The properties with the lowest average prices have 1 bedroom. They are 20 % cheaper than the average followed by properties with 2 bedrooms with a price at $250 / sq.feet.
With regard to the average price based upon the property in Cedar Grove we can see that the cheapest property type is "House" at a price of $703,081, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $250 / sq.feet. "House" with an average cost of $250 / sq.feet has the lowest price and would be directed at less affluent cities.