The prices in real estate in Cherry Hill, 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 Cherry Hill has increased strongly during the last 6 months. In November, the average price per sq.feet was $158. In the following month the price per sq.feet increased considerably to $559. The price for the following two months in (January, February) had a considerable increment of 128 %. The price per sq.feet has had a considerable increase of 175 % 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 $409.25 to $716.5 during March, and April.
Based upon to the price in Cherry Hill (cities), this has fallen considerably in the last 6 months. The average price for November is $336,439. During December the price had a considerable reduction till $241,953. In the following two months the average price has remained the same with regard to the previous two months from $289,196 to $281,211.5. 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 $285,203.75 and $280,320.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $271,128 they are 29 % more affordable than the average price for Cherry Hill. The properties with the highest average price have 3 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 1 bedroom priced at $324,908.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $476 / sq.feet, with an average $818 / sq.feet price in Cherry Hill. The properties with the highest average prices have 4 bedrooms. They are 541 % more expensive than the average followed by properties with 3 bedrooms with a price at $3,266 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $271,128 it is 34 % cheaper than the average price in Cherry Hill. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $261,948 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $466 / sq.feet followed by "Condo" priced at $1,008 / sq.feet. "House" is the most costly type of property with a $1,164 / sq.feet cost followed by "Condo" with an average price of $1,008 / sq.feet.