The prices in real estate in Denville, 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 Denville has increased strongly during the last 6 months. In December, the average price per sq.feet was $279. In the following month the price per sq.feet increased considerably to $4,704. The price for the following two months in (February, March) had a considerable increment of 2199 %. The price per sq.feet has had a considerable deflation of 4 % 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 $28,642 to $1,213.5 during April, and May.
Based upon to the price in Denville (cities), these have remained the same in the last 6 months. The price in December is $629,067, rising in January till $680,899. During the following two months (February, March) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $635,628.5 to $544,506.5 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $530,362 they are 63 % more affordable than the average price for Denville. The properties with the highest average price have 2 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $675,721.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $12,748 / sq.feet, with an average $2,155 / sq.feet price in Denville. The properties with the highest average prices have 1 bedroom. They are 745 % more expensive than the average followed by properties with 2 bedrooms with a price at $12,878 / 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 $675,721, they are 27 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 27 % 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 $12,748 / sq.feet. "House" at an average price of $12,748 / sq.feet has the most expensive price and would be directed at more affluent cities.