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 June, the average price per sq.feet was $317,356. In the following month the price per sq.feet decreased considerably to $162,659. In the following two months the price per sq.feet has barely changed, going from $240,007.5 to $249,395.5 per sq.feet. The price per sq.feet has had a considerable deflation of 35 % 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 $244,701.5 to $86,192.5 during October, and November.
Based upon to the price in Colts Neck (cities), these have remained the same in the last 6 months. In our first sample month during June, the average price is $1,311,238. In July This price remains at $1,357,546. During the following two months (August, September) the price has had an average incrementation from $1,334,392 to $1,413,804.5. 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 $1,374,098.25 and $1,322,313 between October and November.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 11 % more costly than the average price of $1,435,174 in Colts Neck. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 11 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 98 % cheaper than the average price of ($1,652 / sq.feet) in Colts Neck. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 98 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $1,289,929 it is 11 % more expensive than the average price in Colts Neck. "Townhouse" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "House". At a price of $1,435,174 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $1,652 / sq.feet followed by "Townhouse" priced at $2,227 / sq.feet. "Townhouse" is the cheapest type of property with a $2,227 / sq.feet value followed by "House" with an average price of $1,652 / sq.feet.