The prices in real estate in Cliffside Park, 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 Cliffside Park has increased strongly during the last 6 months. In January, the average price per sq.feet was $317. In February this price pretty much remained the same at a value of $316 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 123 %. The price per sq.feet has had a considerable increase of 136 % 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 $352.5 to $478 during May, and June.
Based upon to the price in Cliffside Park (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $560,021. In February This price remains at $586,223. During the following two months (March, April) the average price had a considerable increase of 123 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % 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 $824,357 they are 68 % more affordable than the average price for Cliffside Park. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $762,220.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $266 / sq.feet, with an average $475 / sq.feet price in Cliffside Park. The properties with the lowest average prices have 2 bedrooms. They are 30 % cheaper than the average followed by properties with 3 bedrooms with a price at $318 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $824,357 it is 87 % more expensive than the average price in Cliffside Park. "Condo" is seen as the second dearest property type. The dearest property type is "Condo" followed by "House". At a price of $1,538,441 it is 89 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $741 / sq.feet followed by "House" priced at $24,694 / sq.feet. "House" is the most costly type of property with a $24,694 / sq.feet cost followed by "Condo" with an average price of $741 / sq.feet.