The prices in real estate in Colonia, 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 Colonia has increased strongly during the last 6 months. In September, the average price per sq.feet was $282. In October this price pretty much remained the same at a value of $280 per sq.feet. The price for the following two months in (November, December) had a considerable increment of 199 %. The price per sq.feet has had a considerable deflation of 65 % 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 $419.75 to $272 during January, and February.
Based upon to the price in Colonia (cities), this has gone downing the last 6 months. The average price for September is $635,964. During October the price had a slight fall till $563,027. In the following two months the average price has remained the same with regard to the previous two months from $599,495.5 to $582,777.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $591,136.5 to $535,183.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $537,637 they are 3 % more affordable than the average price for Colonia. The properties with the lowest average price have 1 bedroom, Their price is 2 % cheaper than the average. After that we have properties with 2 bedrooms priced at $523,941.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $7,612 / sq.feet, with an average $274 / sq.feet price in Colonia. The properties with the highest average prices have 1 bedroom. They are 2681 % more expensive than the average followed by properties with 2 bedrooms with a price at $7,612 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $537,637 it is 3 % cheaper than the average price in Colonia. "Multi Family House" is seen as the second most affordable property type. The dearest property type is "Multi Family House" followed by "Apartment". At a price of $523,941 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $7,612 / sq.feet followed by "Multi Family House" priced at $209,844 / sq.feet. "Multi Family House" is the most costly type of property with a $209,844 / sq.feet cost followed by "Apartment" with an average price of $7,612 / sq.feet.