Property prices for sale in Clifton (New Jersey)
The prices in real estate in Clifton, 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 Clifton has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $546. In the following month the price per sq.feet decreased considerably to $436. The price for the following two months in (May, June) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $421.5 to $392.5 during July, and August.
Based upon to the price in Clifton (cities), this has gone up considerably in the last 6 months. The price in March is $462,034, rising in April till $503,740. During the following two months (May, June) the price has had an average incrementation from $482,887 to $545,509. 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 $586,414 they are 49 % more affordable than the average price for Clifton. The properties with the highest average price have 3 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 4 bedrooms priced at $593,744.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $346 / sq.feet, with an average $401 / sq.feet price in Clifton. The properties with the highest average prices have 2 bedrooms. They are 57 % more expensive than the average followed by properties with 3 bedrooms with a price at $421 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $586,414 it is 60 % cheaper than the average price in Clifton. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $611,975 it is 106 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $98 / sq.feet followed by "Condo" priced at $350 / sq.feet. "Land" is the most costly type of property with a $1,716 / sq.feet cost followed by "House" with an average price of $416 / sq.feet.
