The prices in real estate in East Rutherford, 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 East Rutherford has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $383. In December this price pretty much remained the same at a value of $382 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 73 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $331 to $328 during March y April
Based upon to the price in East Rutherford (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $706,241. During December the price went through a considerable rise reaching $923,000. During the following two months (January, February) the average price had a considerable reduction of 50 % 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 92 %, going from $609,498.5 to $560,108.5 in March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 56 % cheaper than the average price of $281,741 in East Rutherford. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 38 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 1 % cheaper than the average price of ($362 / sq.feet) in East Rutherford. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 106 % more costly than the average value aforementioned.