The prices in real estate in Colts Neck, 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 Colts Neck has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $83,678. In the following month the price per sq.feet decreased considerably to $44,663. The price for the following two months in (January, February) had a considerable decrease of 16 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 3 % 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 $37,367.5 to $935.5 during March, and April.
Based upon to the price in Colts Neck (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $1,289,929. During December the price went through a considerable rise reaching $1,489,507. During the following two months (January, February) the price has had an average incrementation from $1,389,718 to $1,556,242. 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 $1,472,980 and $1,503,925.5 between March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 6 % cheaper than the average price of $1,428,010 in Colts Neck. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 6 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 405 % more costly than the average price of ($1,642 / sq.feet) in Colts Neck. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 405 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,526,526 it is 6 % cheaper than the average price in Colts Neck. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $1,428,010 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $1,642 / sq.feet followed by "Townhouse" priced at $2,212 / sq.feet. "Townhouse" is the most costly type of property with a $2,212 / sq.feet cost followed by "House" with an average price of $1,642 / sq.feet.