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 June, the average price per sq.feet was $2,391. In the following month the price per sq.feet increased considerably to $10,036. The price for the following two months in (August, September) had a considerable decrease of 28 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 7 % 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 $3,982.25 to $292.5 during October, and November.
Based upon to the price in Cedar Grove (cities), these have remained the same in the last 6 months. The price in June is $734,849, rising in July till $812,245. In the following two months the average price has remained the same with regard to the previous two months from $773,547 to $748,378. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $760,962.5 to $671,699.5 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $655,662 they are 9 % more expensive than the average price for Cedar Grove. Following this ranking we find those properties with 1 at an average price of $718,837. The properties with the highest average price have 1 bedroom, Their price is 10 % more costly than the average. After that we have properties with 2 bedrooms priced at $712,292.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $263 / sq.feet, with an average $294 / sq.feet price in Cedar Grove. The properties with the lowest average prices have 1 bedroom. They are 10 % cheaper than the average followed by properties with 2 bedrooms with a price at $263 / sq.feet.
With regard to the average price based upon the property in Cedar Grove we can see that most expensive property type is "House" at a price of $712,292, they are 9 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 9 % more expensive 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 $263 / sq.feet. "House" with an average cost of $263 / sq.feet has the lowest price and would be directed at less affluent cities.