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 $293. In the following month the price per sq.feet increased considerably to $1,431. The price for the following two months in (August, September) had a considerable increment of 17665 %. The price per sq.feet has had a considerable deflation of 2 % 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 $76,565.25 to $1,745.5 during October, and November.
Based upon to the price in Cedar Grove (cities), this has gone up in the last 6 months. The price in June is $674,373, rising in July till $714,465. During the following two months (August, September) the price has had an average incrementation from $694,419 to $783,552. 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 $738,985.5 and $746,272 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $771,017 they are 9 % more affordable than the average price for Cedar Grove. The properties with the lowest average price have 1 bedroom, Their price is 8 % cheaper than the average. After that we have properties with 2 bedrooms priced at $703,785.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $251 / sq.feet, with an average $1,973 / sq.feet price in Cedar Grove. The properties with the lowest average prices have 1 bedroom. They are 87 % cheaper than the average followed by properties with 2 bedrooms with a price at $251 / 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 $703,785, they are 9 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 9 % 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 $251 / sq.feet. "House" with an average cost of $251 / sq.feet has the lowest price and would be directed at less affluent cities.