The prices in real estate in Denville, 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 Denville has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $137,199. In the following month the price per sq.feet increased considerably to $207,655. The price for the following two months in (September, October) had a considerable decrease of 68 with regard to the prior two months. 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 $145,031.5 to $1,020.5 during November, and December.
Based upon to the price in Denville (cities), this has gone up in the last 6 months. The price in July is $602,742, rising in August till $656,496. During the following two months (September, October) the price has had an average incrementation from $629,619 to $680,643. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $655,131 to $604,590.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $629,067 they are 13 % more affordable than the average price for Denville. The properties with the highest average price have 2 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $679,113.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $12,813 / sq.feet, with an average $279 / sq.feet price in Denville. The properties with the highest average prices have 1 bedroom. They are 5163 % more expensive than the average followed by properties with 2 bedrooms with a price at $12,943 / sq.feet.
With regard to the average price based upon the property in Denville we can see that most expensive property type is "House" at a price of $679,113, they are 8 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 8 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $12,813 / sq.feet. "House" at an average price of $12,813 / sq.feet has the most expensive price and would be directed at more affluent cities.