The prices in real estate in Cresskill, 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 Cresskill has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,740,915. In the following month the price per sq.feet decreased to $1,596,990. The price for the following two months in (December, January) had a considerable increment of 129 %. The price per sq.feet has had a considerable increase of 155 % 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 $1,911,810 to $2,957,508.5 during February, and March.
Based upon to the price in Cresskill (cities), these have remained the same in the last 6 months. The average price for October is $3,354,750. During November the price had a considerable reduction till $2,807,875. In the following two months the average price has remained the same with regard to the previous two months from $3,081,312.5 to $3,076,714.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 136 % during the last two months.