The prices in real estate in Cherry Hill, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Cherry Hill has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $166. In the following month the price per sq.feet decreased to $142. The price for the following two months in (October, November) decreased 90 % 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 $146.5 to $140.5 during December y January
Based upon to the price in Cherry Hill (cities), these have remained the same in the last 6 months. The average price for August is $317,645. During September the price had a slight fall till $285,715. In the following two months the average price has remained the same with regard to the previous two months from $301,680 to $292,267.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $328,507 they are 20 % more affordable than the average price for Cherry Hill. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 1 bedroom priced at $262,211.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $140 / sq.feet, with an average $139 / sq.feet price in Cherry Hill. The properties with the highest average prices have 1 bedroom. They are 236 % more expensive than the average followed by properties with 4 bedrooms with a price at $140 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $328,507 it is 50 % cheaper than the average price in Cherry Hill. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $260,900 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $116 / sq.feet followed by "House" priced at $143 / sq.feet. "Townhouse" is the most costly type of property with a $462 / sq.feet cost followed by "Farm" with an average price of $457 / sq.feet.