Property prices for sale in Cranford (New Jersey)
The prices in real estate in Cranford, 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 Cranford has increased strongly during the last 6 months. In October, the average price per sq.feet was $436. In November this price pretty much remained the same at a value of $415 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 16251 %. The price per sq.feet has had a considerable deflation of 1 % 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 $34,787.25 to $418 during February, and March.
Based upon to the price in Cranford (cities), this has fallen considerably in the last 6 months. The average price for October is $858,850. During November the price had a considerable reduction till $642,680. During the following two months (December, January) the average price had a considerable reduction of 79 % 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 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $915,176 they are 45 % more affordable than the average price for Cranford. The properties with the lowest average price have 4 bedrooms, Their price is 31 % cheaper than the average. After that we have properties with 1 bedroom priced at $585,942.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $2,523 / sq.feet, with an average $410 / sq.feet price in Cranford. The properties with the highest average prices have 1 bedroom. They are 9880 % more expensive than the average followed by properties with 2 bedrooms with a price at $17,130 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $915,176 it is 75 % cheaper than the average price in Cranford. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $511,941 it is 33 % more affordable 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 $2,533 / sq.feet followed by "Commercial" priced at $16,510 / sq.feet. "Condo" is the most costly type of property with a $28,560 / sq.feet cost followed by "Duplex" with an average price of $21,280 / sq.feet.
